Record-Breaking Revenue and Growth
OSI Systems reported a record Q3 revenue of $444 million, marking a 10% year-over-year increase. Each of the three divisions showed growth, with the security division up 10% and the opto division up 15%.
Strong Earnings and Backlog
The company achieved a record Q3 non-GAAP adjusted earnings per share of $2.44. The book-to-bill ratio exceeded 1.0, resulting in a record backlog of over $1.8 billion, providing good visibility for future performance.
Robust Operating Cash Flow
OSI Systems generated a record Q3 operating cash flow of $82 million, a significant improvement from a negative cash flow of $52 million in the same quarter last year.
Security Division Success
The security division saw 10% year-over-year revenue growth, with notable orders such as a $76 million order for RTT-110 explosive detection systems and a $50 million order for cargo inspection systems.
Optoelectronics Division Growth
The opto division delivered a standout quarter with 15% year-over-year revenue growth, driven by sales across industries including medical and consumer technology.
Increased Guidance for Fiscal Year 2025
The company increased its guidance for fiscal ‘25 revenues to a range of $1.69 billion to $1.715 billion, and non-GAAP adjusted earnings per diluted share to a range of $9.15 to $9.45.