NASDAQ$OSIS
Osi Systems Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
OSI Systems' Q3 2023 financial results were announced, featuring a revenue increase and adjusted operating income growth.
OSI Systems reported a 4% increase in revenue and a 17% increase in adjusted operating income for Q3 2023. The company's backlog reached a record $1.5 billion, and operating cash flow significantly surpassed the previous year's quarter. The company reiterates FY 2023 revenues guidance and non-GAAP adjusted EPS guidance.
- Revenues for Q3 2023 reached $302.9 million, a 4% increase year-over-year.
- GAAP EPS for Q3 2023 was $1.27 per diluted share.
- Non-GAAP adjusted EPS for Q3 2023 was $1.49 per diluted share.
- The backlog at the end of Q3 2023 reached a record $1.5 billion, representing a 19% increase from June 30, 2022.
Headline financials
Revenue & EPS history
Osi Systems · Revenue · Quarterly
$303M
Revenue by segment
Osi Systems · $317M total across 3 segments · Q3 2023
- Security Division$179M+12.7%56.5%
- Optoelectronics & Manufacturing$93.9M+1.9%29.7%
- Healthcare Division$43.9M-15.8%13.9%
Forward guidance
The Company is reiterating its fiscal 2023 revenues guidance of $1.240 billion - $1.265 billion and non-GAAP adjusted diluted earnings per share guidance of $6.02 - $6.25.
Tailwinds
- Company is reiterating its fiscal year 2023 revenue guidance.
- Company is reiterating its fiscal year 2023 non-GAAP adjusted diluted earnings per share guidance.
- Expected revenue growth of 11% - 18% for Q4 year-over-year.
- Expected adjusted EPS Growth of 26% - 38% for Q4 year-over-year.
- Poised for a strong finish to fiscal 2023.
Headwinds
- Actual revenues and adjusted diluted earnings per share could vary from this guidance due to factors discussed under “Forward-Looking Statements” or other factors.
- Delays related to the award of domestic and international contracts.
- Failure to secure the renewal of key customer contracts.
- Delays in customer programs.
- Changes in domestic and foreign government spending and budgetary, procurement and trade policies adverse to the Company's businesses.
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 2023
+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
| Quarter | Report date | Reaction (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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