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Homeland Security

Earnings News & Notes

By Cal Biesecker

Tuesday, September 3rd, 2019

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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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