OSI Systems [OSIS]
4Q21 4Q20 FY21 FY20
Sales $332.2M $277M $1.1B $1.2B
Net Inc. $25.9M, $1.40 $14.0M, $0.76 $74M, $4.03 $75.3M, $4.05
Sales in the quarter were 20% higher to a record on strong sales in the Security, and Optoelectronics and Manufacturing divisions. Security sales were up 23% to $201.9 million, which company officials said was due to gains across most of the product portfolio, including cargo and vehicle inspection systems, checkpoints, and the RTT explosive detection system. They also said that the growth was spread across many of the company’s “geographic channels” worldwide. Bookings for the quarter were solid at one-to-one with sales and backlog at the end of June stood at $1.1 billion, up 25% from $861 million a year ago with backlog in the Security division up 21%. Operating income in the Security segment nearly doubled to $32.9 million. Free cash flow for the year was $123.3 million. For fiscal year 2022, OSI is expecting sales of about $1.2 billion and adjusted earnings between $5.72 and $6 per share. Adjusted earnings in FY ’21 were $5.32 per share.