OSI Systems, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
January 25, 2024 at 07:30 pm IST
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OSI Systems, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported revenue was USD 373.24 million compared to USD 295.6 million a year ago. Net income was USD 36.55 million compared to USD 16.35 million a year ago. Diluted earnings per share from continuing operations was USD 2.11 compared to USD 0.96 a year ago.
For the six months, revenue was USD 652.45 million compared to USD 563.67 million a year ago. Net income was USD 49.43 million compared to USD 27.59 million a year ago. Diluted earnings per share from continuing operations was USD 2.87 compared to USD 1.61 a year ago.
OSI Systems, Inc. through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sell its products and provide related services in diversified markets, including homeland security, healthcare, defense and aerospace. The Company operates through three divisions: Security, Healthcare, and Optoelectronics and Manufacturing. Security division is engaged in providing security and inspection systems and turnkey security screening solutions. Healthcare division is engaged providing patient monitoring, cardiology and remote monitoring, and connected care systems and associated accessories. Optoelectronics and Manufacturing division is engaged in providing specialized electronic components and electronic manufacturing services for its Security and Healthcare divisions, as well as to third parties for applications in the defense and aerospace markets, among others.