NASDAQ$OSIS

Osi Systems Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

OSI Systems reported Q3 2020 financial results, with record earnings per share.

OSI Systems reported Q3 revenues of $292.9 million and GAAP EPS of $1.06. The company is revising its fiscal year 2020 non-GAAP earnings guidance to $4.45 to $4.65 per diluted share and its fiscal year 2020 sales guidance to a range of $1.165 billion to $1.185 billion.

  • Q3 Revenues of $293 Million
  • Record Q3 Earnings Per Diluted Share GAAP EPS of $1.06
  • Non-GAAP EPS of $1.20
  • Q3 Cash Flow from Operations of $46 Million

Headline financials

Total Revenue

$293M

Previous: $304M-3.7%
EPS (adj)

$1.20

Previous: $1.17+2.6%
Operating Cash Flow

$45.9M

No prior period
Backlog

$863M

No prior period
Capital Expenditures

-$16.1M

Previous: -$20.9M+23.2%
Free Cash Flow

$45.2M

Previous: $27.2M+66.1%
Net Income

$61.3M

Previous: $48.1M+27.3%
Operating Income

$23.6M

Previous: $32.1M-26.4%
Gross Profit

$109M

Previous: $111M-2.0%
Cash & Equivalents

$101M

Previous: $108M-6.2%
Total Assets

$1.29B

Previous: $1.28B+0.2%
Stock-Based Comp

$5.84M

Previous: $5.89M-0.9%

Revenue & EPS history

Osi Systems · Revenue · Quarterly

$293M

Q3 2020-3.7%vs Q3 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Osi Systems · $303M total across 3 segments · Q3 2020

  • Security Division
    $187M-3.3%
  • Optoelectronics & Manufacturing
    $70.2M-1.0%
  • Healthcare Division
    $45.7M-6.6%

Forward guidance

The Company is revising its fiscal year 2020 non-GAAP earnings guidance to $4.45 to $4.65 per diluted share and its fiscal year 2020 sales guidance to a range of $1.165 billion to $1.185 billion.

Tailwinds

  • Strong balance sheet
  • Net leverage of approximately 1.4
  • $535 million credit facility provides liquidity
  • Maintaining financial flexibility to support long-term growth
  • Nimble position to take advantage of strategic opportunities

Headwinds

  • Uncertainties as to the duration and scope of the pandemic
  • Extent to which COVID-19 may impact the Company’s financial results is difficult to predict
  • Material delays and cancellations of orders or deliveries thereon
  • Supply chain disruptions
  • Plant closures

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 Q3 2020

Historical avgQ3 2020

+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%

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