Hollysys Automation (HOLI) Misses Q3 EPS by 13c, Revenues Beat

May 13, 2021 5:03 PM EDT

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Hollysys Automation (NASDAQ: HOLI) reported Q3 EPS of $0.31, $0.13 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $109.9 million versus the consensus estimate of $94.64 million.

Third Quarter of Fiscal Year 2021 Financial Highlights

  • Total revenues were $109.9 million, an increase of 36.1% compared to the comparable prior year period.
  • Non-GAAP gross margin was at 37.5%, compared to 30.8% for the comparable prior year period.
  • Non-GAAP net income attributable to Hollysys was $18.7 million, an increase of 34.0% compared to the comparable prior year period.
  • Non-GAAP diluted EPS were at $0.31, an increase of 34.8% compared to the comparable prior year period.
  • Net cash used in operating activities was $6.4 million for the current quarter.
  • DSO of 279 days, compared to 266 days for the comparable prior year period.
  • Inventory turnover days of 58 days, compared to 71 days for the comparable prior year period.

For earnings history and earnings-related data on Hollysys Automation (HOLI) click here.



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