OSI Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2016; Reiterates Earnings Guidance for Fiscal 2017
January 26, 2017 at 04:05 pm
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OSI Systems, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2016. For the quarter, revenues were $242,548,000 against $197,339,000 a year ago. Income from operations was $8,693,000 against $781,000 a year ago. Income before income taxes was $6,712,000 against $158,000 a year ago. Net income was $4,833,000 against $108,000 a year ago. Diluted earnings per share were $0.25 against $0.01 a year ago. Non GAAP net income was $13,408,000 or $0.68 per share against $8,552,000 or $0.42 per share a year ago. Cash flow from operations was $20.1 million. Capital expenditures were $1.5 million
For six months, revenues were $463,403,000 against $397,389,000 a year ago. Income from operations was $10,792,000 against $16,478,000 a year ago. Income before income taxes was $7,653,000 against $15,061,000 a year ago. Net income was $5,510,000 against $10,913,000 a year ago. Diluted earnings per share were $0.28 against $0.53 a year ago. Non GAAP net income was $22,067,000 or $1.12 per share against $19,768,000 or $0.97 per share a year ago.
The Company reiterates its fiscal 2017 sales guidance of $955 million - $990 million and its non-GAAP earnings guidance of $2.80 - $3.20 per diluted share.
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.
OSI Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2016; Reiterates Earnings Guidance for Fiscal 2017
OSI SYSTEMS, INC. 
