Hollysys Automation (HOLI) Misses Q4 EPS by 34c, Revenues Miss
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Hollysys Automation Technologies Reports Unaudited Financial Results for the Fiscal year and the Fourth Quarter Ended June 30, 2020
August 13, 2020 5:05 PM EDTFiscal Year 2020 Financial Highlights
Non-GAAP net income attributable to Hollysys was $80.1 million, a decrease of 36.5% compared to the comparable prior year period. Total revenues were $503.3 million, a decrease of 11.7% compared to the comparable prior year period. Non-GAAP gross margin was at 37.9%, compared to 37.1% for the comparable prior year period. Non-GAAP diluted EPS was $1.32, a decrease of 36.2% compared to the comparable prior year period. Net cash provided by operating activities was $175.1 million, an increase of 74.2% compared to the comparable prior... More