OSI Systems (OSIS) Tops Q4 EPS by 8c, Revenues Beat; FY19 EPS Mid-Point Views Above Consensus, FY19 Revenue Outlook Above Consensus

OSI Systems (NASDAQ: OSIS) reported Q4 EPS of $1.02, $0.08 better than the analyst estimate of $0.94. Revenue for the quarter came in at $287 million versus the consensus estimate of $274.13 million.

• Record Q4 Revenues of $287 Million (14% year-over-year increase)
• Record Fiscal 2018 Revenues of $1.089 Billion (13% year-over-year increase)
• Q4 Earnings Per Diluted Share
  • GAAP EPS of $0.27
  • Non-GAAP EPS of $1.02
• Backlog of $976 Million (32% year-over-year increase)
• FY 2019 Guidance
  • Sales Guidance of $1.125 Billion - $1.165 Billion
  • Non-GAAP Diluted EPS Guidance of $3.80 - $4.00

Deepak Chopra, OSI Systems’ Chairman and Chief Executive Officer, said, “We are pleased to announce a strong finish to fiscal 2018 highlighted by impressive sales and bookings in the Security division. We are proud to have surpassed $1 billion in annual sales for the first time in our history. We enter fiscal 2019 with a strong backlog, an enhanced leadership team, and heightened focus on our core strengths.”

GUIDANCE:

OSI Systems sees FY2019 EPS of $3.80-$4.00, versus the consensus of $3.84. OSI Systems sees FY2019 revenue of $1.125-1.165 billion, versus the consensus of $1.12 billion.

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

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