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Earnings News & Notes

Cal Biesecker By
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Earnings News & Notes
Tunnel entrance to Rapiscan’s RTT 110 explosive detection system. Photo: OSI Systems

OSI Systems [OSIS] 4Q19                   4Q18                   FY19                    FY20 Sales                    $308.4M             $287.3M             $1.2B                   $1.1B Net Inc.               $16.7M, 0.89     $5.1M, 0.27       $64.8M, 3.46     ($29.2M, 1.57) Profits in the quarter more than tripled due to significant improvements in operating income at all three of the company’s segments and a steep drop in restructuring charges, which combined to more than offset higher taxes. Sales increased 7% overall to a quarterly record, driven primarily by an increase in the Security segment followed by the Optoelectronics and…

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