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Jun 30, 2024
Osi Systems Q4 2024 Earnings Report
OSI Systems reported strong Q4 financial results, driven by outstanding performance in the Security division, leading to record revenues and adjusted earnings per share.
Key Takeaways
OSI Systems reported a 17% increase in revenue to $480.9 million and net income of $44.7 million, or $2.55 per diluted share, for Q4 FY24. The Security division's strong performance drove record revenues and adjusted earnings per share. The company anticipates revenues in the range of $1.620 billion to $1.650 billion and non-GAAP adjusted earnings per diluted share in the range of $8.80 to $9.15 for fiscal year 2025.
Q4 FY24 revenues increased by 17% year-over-year, reaching $480.9 million.
Net income for Q4 FY24 was $44.7 million, or $2.55 per diluted share.
Non-GAAP net income for Q4 FY24 was $49.7 million, or $2.84 per diluted share.
The Security division's revenues increased by 27% year-over-year.
Forward Guidance
For fiscal year 2025, the Company anticipates revenues in the range of $1.620 billion to $1.650 billion and non-GAAP adjusted earnings per diluted share in the range of $8.80 to $9.15.
Positive Outlook
- Anticipates revenues in the range of $1.620 billion to $1.650 billion.
- Expects non-GAAP adjusted earnings per diluted share in the range of $8.80 to $9.15.
- Believes they are well positioned for a strong fiscal 2025 with a backlog near all-time highs.
- Visibility into a robust pipeline of opportunities.
- Expects Security division to continue its strong performance.
Challenges Ahead
- Actual revenues and adjusted diluted earnings per share could vary from guidance due to various factors.
- Delays related to the award of domestic and international contracts.
- Failure to secure the renewal of key customer contracts.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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