OSIS News & Events

OSI Systems announced that its Security division received a task order for approximately $15 million from a U.S. government customer. OSI Systems is expected to provide its cargo and vehicle inspection systems. The scope of work is also expected to include follow-on service and support. OSI Systems' President and CEO, Ajay Mehra, commented, "This award underscores continued confidence in our inspection solutions and our ability to execute complex programs from deployment through sustained operations. We are proud to support critical mission requirements with proven technologies backed by our lifecycle maintenance and services."

OSI Systems is down -15.0%, or -$42.35 to $240.52.

Reports Q3 revenue $453M, consensus $449.26M. Ajay Mehra, OSI Systems' President and Chief Executive Officer, stated, "Our third quarter results demonstrate the strength and durability of our diversified portfolio highlighted by record Q3 non-GAAP earnings per share and strong bookings, reflecting sound execution in our Security and Optoelectronics and Manufacturing divisions. Our substantial backlog and a robust pipeline position us well as we capitalize on market opportunities and advance key strategic initiatives."