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OSI Systems Reports Record Profits as Middle East Delays Hit Revenue

OSI Systems logoOSI Systems
Sig2.90Sen+0.53Env0.00Soc-0.40Gov+0.70

OSI Systems posted fiscal fourth-quarter revenue of $484 million, down 4% year over year, while full-year revenue of $1.79 billion missed guidance. The revenue shortfall traces to about $50 million in security deliveries delayed by Middle East conflict disruptions. Non-GAAP EPS hit records, with $1.9 billion backlog, record operating cash flow, and $123.6 million in fourth-quarter share repurchases plus another 1 million shares authorized.

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