NASDAQ$OSIS

Osi Systems Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

OSI Systems reported comparable revenues and slightly decreased net income compared to the same quarter last year.

OSI Systems reported revenues of $276.7 million, comparable to $276.0 million in the second quarter of fiscal 2021. Net income was $19.8 million, or $1.09 per diluted share, compared to $20.0 million, or $1.10 per diluted share, for the second quarter of fiscal 2021. The company increased its non-GAAP diluted earnings per share guidance and reduced its revenue guidance for fiscal year 2022.

  • Q2 revenues of $277 million.
  • Q2 GAAP EPS of $1.09.
  • Q2 non-GAAP EPS of $1.28.
  • Q2 ending backlog of $1.2 billion, a 12% increase from June 30, 2021.

Headline financials

Total Revenue

$277M

Previous: $276M+0.2%
EPS (adj)

$1.28

Previous: $1.35-5.2%
Capital Expenditures

-$7.4M

Previous: -$8.51M+13.0%
Free Cash Flow

$31.4M

Previous: $20.9M+50.7%
Net Income

$38.8M

Previous: $29.4M+32.2%
Operating Income

$29.1M

Previous: $32.4M-10.1%
Gross Profit

$99.8M

Previous: $102M-2.3%
Cash & Equivalents

$86.3M

Previous: $72.6M+19.0%
Total Assets

$1.44B

Previous: $1.3B+10.9%
Stock-Based Comp

$6.98M

Previous: $5.71M+22.1%

Revenue & EPS history

Osi Systems · Revenue · Quarterly

$277M

Q2 2022+0.2%vs Q2 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Osi Systems · $290M total across 3 segments · Q2 2022

  • Security Division
    $146M+0.5%
  • Optoelectronics & Manufacturing
    $91.5M+4.5%
  • Healthcare Division
    $52.4M-4.5%

Forward guidance

The Company is increasing its non-GAAP diluted earnings per share guidance given an anticipated stronger operating margin and is adjusting its fiscal year 2022 revenues guidance primarily as a result of the continued impacts stemming from the COVID pandemic.

Tailwinds

  • Increased non-GAAP diluted earnings per share guidance due to anticipated stronger operating margin.

Headwinds

  • Adjusted fiscal year 2022 revenues guidance due to the continued impacts stemming from the COVID pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.9%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+3.6%

Avg return

30 days after

58%

37 / 64 earnings

Positive

+16.7%

Q2 2019

Best reaction

-35.0%

Q2 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.3%-18.3%-24.5%
Q2 2026-7.2%-6.2%+5.7%
Q1 2026-2.3%+11.3%+8.6%
Q3 2025+9.6%+7.8%+7.0%
Q2 2025+14.2%+16.2%+19.7%
Q1 2025-5.5%-6.0%+16.0%
Q4 2024+3.7%+1.5%+0.6%
Q3 2024-3.5%-5.9%+2.2%
Q2 2024+3.0%+1.6%+2.4%
Q1 2024-5.4%-7.3%+7.1%
Q4 2023+11.5%+12.5%-5.5%
Q3 2023+10.2%+14.6%+17.4%
Q2 2023+5.5%+6.0%+5.3%
Q1 2023+4.4%+6.2%+14.0%
Q4 2022-6.1%-11.7%-23.2%
Q3 2022+2.2%+1.6%+9.2%
Q2 2022-2.1%-0.6%-3.9%
Q1 2022-1.8%-2.1%-3.8%
Q4 2021+0.3%-0.6%-5.8%
Q3 2021-4.3%-6.2%-4.5%
Q2 2021-3.8%-2.3%+1.1%
Q1 2021-0.2%+5.6%+15.0%
Q4 2020-1.3%-0.6%+5.6%
Q3 2020-3.1%-6.5%-1.3%
Q2 2020-0.9%-8.6%-13.3%
Q1 2020+4.5%+3.0%+1.3%
Q4 2019+3.6%+4.1%+4.9%
Q3 2019+14.9%+16.8%+16.3%
Q2 2019+16.7%+20.0%+21.5%
Q1 2019+4.9%+2.0%+7.9%
Q4 2018-0.1%+0.4%+2.1%
Q3 2018-6.0%-2.5%+0.4%
Q2 2018-17.4%-11.9%-4.2%
Q1 2018-0.0%-3.1%-2.7%
Q4 2017+6.4%+6.2%+10.3%
Q3 2017+8.7%+9.4%+10.7%
Q2 2017+3.4%-0.3%+3.1%
Q1 2017+8.5%+2.8%+17.1%
Q4 2016+9.4%+9.8%+1.6%
Q3 2016-17.5%
Q2 2016-35.0%
Q1 2016+0.9%
Q4 2015+0.2%
Q3 2015-9.2%
Q2 2015+1.8%
Q1 2015+6.0%
Q4 2014+2.1%
Q3 2014-0.1%
Q2 2014+1.6%
Q1 2014-2.9%
Q4 2013-3.1%
Q3 2013+6.0%
Q1 2013+6.0%
Q2 2013-16.1%
Q1 2012+2.9%
Q4 2010+0.8%
Q4 2012+11.0%
Q3 2011+5.6%
Q3 2012+2.1%
Q2 2011-3.6%
Q2 2012+5.9%
Q1 2011+8.3%
Q4 2011+8.3%
Q3 2010+0.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro