Hollysys Automation (HOLI) Reports Q1 EPS of $0.46

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Hollysys Automation Technologies Reports Unaudited Financial Results for the First Quarter Ended September 30, 2018

November 13, 2018 5:00 PM EST

First Quarter of Fiscal Year 2019 Financial Highlights

Non-GAAP net income attributable to Hollysys was $28.1 million, an increase of 27.9% compared to the comparable prior year period. Total revenues were $138.7 million, an increase of 20.1% compared to the comparable prior year period. Non-GAAP gross margin was at 37.2%, compared to 36.6% for the comparable prior year period. Non-GAAP diluted EPS were at $0.46, an increase of 27.8% compared to the comparable prior year period. Net cash provided by operating activities was $36.6 million for the current quarter.... More