OSI Systems (NASDAQ: OSIS) reported Q3 EPS of $1.17, $0.23 better than the analyst estimate of $0.94. Revenue for the quarter came in at $304 million versus the consensus estimate of $289.15 million.

• Record Revenue of $304 Million (14% increase over prior year)
• Record Q3 Earnings Per Diluted Share
  • GAAP EPS of $1.05
  • Non-GAAP EPS of $1.17 (36% increase over prior year)
• Company Raises Fiscal Year 2019 Guidance

Deepak Chopra, OSI Systems’ Chairman and Chief Executive Officer, stated, “We are pleased to report excellent third quarter revenues, earnings and cash flow. This quarter was marked by strength in each of our three divisions, positioning the Company for a strong fiscal 2019.”

Mr. Chopra commented, “Our Security division delivered record third quarter revenues of $193 million, or a 14% increase compared with the prior-year period. This led to strong profits and year-over-year operating margin expansion. This increase in sales was driven by outstanding growth in cargo scanning equipment sales.”

“As we noted last quarter, we are building positive momentum in the Healthcare division. Led by the performance in the United States, our Healthcare division revenues increased 12% year-over-year with significant improvement in operating income. With our enhanced focus and leadership, we believe we are well positioned for further operating margin expansion,” Mr. Chopra continued.

Mr. Chopra concluded, “Our Optoelectronics and Manufacturing division continued to perform well, delivering 7% year-over-year sales growth and a strong operating margin.”

GUIDANCE:

OSI Systems sees FY2019 EPS of $4.10-$4.43, versus the consensus of $4.03. OSI Systems sees FY2019 revenue of $1.15-1.185 billion, versus the consensus of $1.16 billion.

For earnings history and earnings-related data on OSI Systems (OSIS) click here.