Reports Q4 revenue $411.87M, consensus $384.46M. As of June 30, the company’s backlog was $1.8B. The company commented, “We were pleased with our Security division’s fourth quarter performance, marked by strong revenues, operating income, and bookings. Revenues in the fourth quarter increased 29% year over year, with growth across several product lines, most significantly in our cargo and vehicle inspection products. Our book-to-bill ratio of 2.4 underscores our industry leadership position. With a record backlog and growing opportunity pipeline, we believe we are well-positioned in the Security division for fiscal 2024.”
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