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Earnings News & Notes

Cal Biesecker By
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Earnings News & Notes
Rapiscan’s CarView InLane vehicle scanner. Photo: OSI Systems

OSI Systems [OSIS] 1Q22                   1Q21 Sales                    $279.3M             $254.9M Net Inc.               $19.1M, $1.04   $9.3M, $0.51 Sales increased 10% on strength in the Security and Optoelectronics segments, with Security revenue 11% higher to $149.5 million on cargo and vehicle inspection systems, and checkpoint screening systems. The company’s earnings benefited from a steep reduction in impairment and restructuring costs. Orders in the Security segment were an impressive 1.9 times sales and the company put about $200 million into backlog from recent cargo and…

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