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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] 1Q21                   1Q20 Sales                    $254.9M             $290.9M Net Inc.               $9.3M, $0.51     $20.7M, $1.10 Sales tumbled 12% on a 29% drop at the Security segment to $134.8million, which continues to suffer due to impacts from the ongoing COVID-19 pandemic. The coronavirus is limiting travel and getting people in place to install equipment, including at airports, ports and borders, Deepak Chopra, OSI’s CEO, said during the company’s earnings call. Bid activity remains strong, he added. The decline at the security segment…

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