NASDAQ$OSIS

Osi Systems Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported stellar Q4 performance with record revenues and earnings.

OSI Systems reported record Q4 revenues of $411.9 million, a 22% increase year-over-year. GAAP EPS was $2.46, a 27% increase year-over-year, and non-GAAP adjusted EPS was $2.66, a 36% increase year-over-year. The company's backlog reached a record $1.8 billion, a 46% increase from the previous year.

  • Revenues grew by 22% year over year.
  • GAAP EPS increased 27% year over year to $2.46.
  • Non-GAAP adjusted EPS increased 36% year over year to $2.66.
  • Backlog increased 46% year over year reaching $1.8 billion.

Headline financials

Total Revenue

$412M

Previous: $337M+22.3%
EPS (adj)

$2.66

Previous: $1.96+35.7%
Capital Expenditures

$3.12M

Previous: $4.63M-32.6%
Free Cash Flow

$19M

Previous: $17.4M+9.5%
Net Income

$42.4M

Previous: $33.8M+25.5%
Operating Income

$57.2M

Previous: $39.6M+44.5%
Gross Profit

$143M

Previous: $122M+16.8%
Cash & Equivalents

$76.8M

Previous: $64.2M+19.5%
Total Assets

$1.56B

Previous: $1.44B+7.8%
Stock-Based Comp

$7.6M

Previous: $7.09M+7.2%

Revenue & EPS history

Osi Systems · Revenue · Quarterly

$412M

Q4 2023+22.3%vs Q4 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Osi Systems · $430M total across 3 segments · Q4 2023

  • Security Division
    $269M+28.7%
  • Optoelectronics & Manufacturing
    $101M+11.2%
  • Healthcare Division
    $59.5M+17.9%

Forward guidance

For fiscal year 2024, the Company anticipates revenue growth in excess of 18% over revenues in fiscal 2023 and non-GAAP adjusted diluted earnings per share growth exceeding 25% compared to non-GAAP adjusted diluted earnings per share for fiscal year 2023.

Tailwinds

  • Anticipates revenue growth in excess of 18% over revenues in fiscal 2023
  • Non-GAAP adjusted diluted earnings per share growth exceeding 25% compared to non-GAAP adjusted diluted earnings per share for fiscal year 2023

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 Q4 2023

Historical avgQ4 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

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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