NASDAQ$OSIS

Osi Systems Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

OSI Systems reported an increase in revenue and net income for Q3 2022, driven by growth in the Security division and solid performance in Optoelectronics and Manufacturing.

OSI Systems announced its Q3 2022 financial results, reporting a 2.4% increase in revenue to $290.5 million and a net income of $42.7 million, or $2.41 per diluted share. The company's backlog reached $1.2 billion, representing a 14% increase from the previous year. The company reiterated its FY 2022 revenue and non-GAAP EPS guidance.

  • Q3 revenues increased by 2.4% year-over-year to $290.5 million.
  • GAAP EPS was reported at $2.41, compared to $1.03 in Q3 2021.
  • The book-to-bill ratio for Q3 was 1.1.
  • Ending backlog reached $1.2 billion, a 14% increase from June 30, 2021.

Headline financials

Total Revenue

$290M

Previous: $284M+2.4%
EPS (adj)

$1.43

Previous: $1.38+3.6%
Capital Expenditures

-$10.3M

Previous: -$11.2M+7.7%
Free Cash Flow

$71.3M

Previous: $37M+92.7%
Net Income

$81.6M

Previous: $48.2M+69.4%
Operating Income

$28.4M

Previous: $32.5M-12.4%
Gross Profit

$103M

Previous: $104M-1.1%
Cash & Equivalents

$83.3M

Previous: $92.5M-9.9%
Total Assets

$1.46B

Previous: $1.33B+10.0%
Stock-Based Comp

$6.9M

Previous: $7.57M-8.8%

Revenue & EPS history

Osi Systems · Revenue · Quarterly

$290M

Q3 2022+2.4%vs Q3 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Osi Systems · $303M total across 3 segments · Q3 2022

  • Security Division
    $159M+4.8%
  • Optoelectronics & Manufacturing
    $92.1M+2.0%
  • Healthcare Division
    $52.2M-3.4%

Forward guidance

The Company is reiterating its fiscal year 2022 revenues and non-GAAP diluted earnings per share guidance.

Tailwinds

  • Revenues $1.160 billion - $1.195 billion
  • Non-GAAP Diluted Earnings Per Share $5.75 - $6.02

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 2022

Historical avgQ3 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