OSI Systems, Inc.
249.37-1.57 (-0.63%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · OSIS · USD
Key Stats
Market Cap
4.23BP/E (TTM)
28.63Basic EPS (TTM)
8.71Dividend Yield
0%Recent Filings
10-K
FY2025 results
OSI Systems delivered solid FY2025 results, with net revenues climbing 11.3% year-over-year to $1.71 billion, fueled by Security division growth of 14.7% to $1.20 billion from stronger cargo and vehicle inspection sales, while Optoelectronics and Manufacturing rose 7.5% to $349 million on contract manufacturing gains, but Healthcare dipped 1.8% to $168 million amid softer cardiology demand. Q4 accelerated the momentum, posting $505 million in revenues—up sequentially from Q3's $444 million—with Security margins expanding on higher volumes and efficient service delivery, though overall gross margins held steady at 34.3%. Operating income hit $218 million, up 15%, supported by disciplined cost controls despite $8.3 million in higher operating expenses; free cash flow (derived) of $73.8 million reflected robust collections and inventory optimization. Liquidity remained strong at $106 million in cash, bolstered by $350 million in convertible notes, with no dividends or further buybacks disclosed, but year-end debt stood at $650 million including the new notes. No annual guidance was provided, leaving quarterly outlook uncertain. Yet supply chain disruptions could stall Q4's quarterly momentum.
8-K
Record revenues, strong EPS guidance
OSI Systems reported record fiscal 2025 revenues of $1.713 billion, up 11% year-over-year, with Q4 hitting $505 million on surging Security division service revenues from a growing installed base. GAAP EPS rose 18% to $8.71, while non-GAAP EPS climbed 15% to $9.36, backed by a year-end backlog exceeding $1.8 billion. Backlog builds momentum. For 2026, the company guides $1.805-$1.850 billion in revenues and $10.11-$10.39 non-GAAP EPS, yet contract delays pose risks.
8-K
OSI upsizes credit facility
OSI Systems boosted its revolving credit facility to $725 million from $600 million and added a $100 million term loan via the Ninth Amendment to its Credit Agreement, effective July 1, 2025, extending maturity to July 2030. This upsizing, led by Wells Fargo and new lenders PNC and BMO, removes restrictive covenants while enhancing financial flexibility for growth. Lenders released three subsidiaries from guarantor status. Yet, it signals heavier debt reliance amid expansion.
8-K
Leadership change at OSI Systems
OSI Systems announced on May 27, 2025, that Manoocher Mansouri will retire as President of its Optoelectronics and Manufacturing division effective June 30, 2025, but he'll stay on as Chief Technology Officer. Paul Morben, current President of the OSI Electronics unit, steps in as Opto President on July 1. This internal shift ensures continuity in leadership. Smooth transition ahead.
10-Q
Q3 FY2025 results
OSI Systems posted solid Q3 FY2025 results, with net revenues climbing 9.6% y/y to $444.4M, fueled by 10.1% growth in the Security division to $314.9M from cargo and vehicle inspection systems plus the acquired business's $50.7M contribution since September 2024. Gross margin held steady at 33.8%, while operating income rose 9.4% y/y to $56.2M, lifting diluted EPS 22.9% y/y to $2.40 amid a lower 14.3% effective tax rate from discrete benefits. YTD, revenues surged 14.2% y/y to $1,208.2M, operating income gained 14.4% to $144.5M, and diluted EPS advanced 17.6% y/y to $5.67, with EPS reconciling to 17,089K diluted shares. Cash from operations flipped to $97.0M YTD from a $58.5M use, funding a $75.5M acquisition that added $31.5M goodwill and $38.2M finite-lived intangibles amortized over 7-10 years; total debt stood at $629.2M including $350M 2.25% convertible notes due 2029, with $368.9M revolver availability and $95.8M cash. The firm repurchased $80.4M in shares YTD. Yet regulatory scrutiny in international markets lingers as a key risk.
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