OSI Systems reports Q1 adjusted EPS 91c, consensus 86c

Reports Q1 revenue $279.21M, consensus $280.01M. Q1-ended backlog of Approximately $1.8B. Deepak Chopra, OSI Systems’ chairman and CEO, stated, “Our first quarter sales and earnings were generally consistent with our expectations with strong growth in the Security division and solid performance in the Optoelectronics and Manufacturing division overcoming some headwinds in the Healthcare business. Given our strong backlog and momentum as demonstrated by our recent awards, we are excited about the significant revenues and earnings growth anticipated for the balance of fiscal 2024.”