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Earnings News & Notes

Cal Biesecker By
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OSI Systems [OSIS] 3Q14               3Q13               Sales                            $204M             $198.4M Net Inc.                       $4.8M, 0.23     $13.5M, 0.66 Net income tumbled largely due to a $7.6 million charge incurred at the company’s Rapiscan Systems division related to tax elections taken on the turnkey screening services program with Mexico to accelerate depreciation and realize immediate cash tax savings of about $21 million. Restructuring and other charges, mainly related to issues with Rapiscan’s work with the Transportation Security Administration (TSA), also helped lead earnings down.…

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