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Jun 30, 2022
Osi Systems Q4 2022 Earnings Report
OSI Systems reported record revenues and adjusted EPS for Q4 2022.
Key Takeaways
OSI Systems reported a 1% increase in revenue to $336.8 million and GAAP EPS of $1.94 for the fourth quarter of fiscal year 2022. The company's backlog reached $1.2 billion, a 15% increase from the previous year. Despite global economic challenges, the company anticipates revenues between $1.240 billion and $1.275 billion and adjusted earnings per diluted share between $6.02 and $6.25 for fiscal year 2023.
Record Q4 revenues of $337 million were achieved.
Q4 GAAP EPS was $1.94, a 39% year-over-year increase.
Q4 adjusted EPS reached a record $1.96, a 27% year-over-year increase.
Q4 ended with a backlog of $1.2 billion, a 15% increase from June 30, 2021.
Revenue by Segment
Forward Guidance
For fiscal year 2023, the Company anticipates revenues in the range of $1.240 billion to $1.275 billion and adjusted earnings per diluted share in the range of $6.02 to $6.25.
Positive Outlook
- Revenue between $1.240 billion and $1.275 billion
- Adjusted earnings per diluted share between $6.02 and $6.25
- Strong backlog in Security division
- Vertically-integrated manufacturing global footprint
- Focus on new product development
Challenges Ahead
- Significantly higher expected interest expense
- Rising interest rate environment
- Maturity of the Company’s 1.25% convertible notes
- Delays related to the award of domestic and international contracts
- Failure to secure the renewal of key customer contracts
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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