$OSIS (OSI Systems, Inc.)

$OSIS {{ '2016-08-17T07:24:21+0000' | timeago}} • Webcast

$OSIS' 4Q16 GM was 32%, down 150 BPs from 4Q15, due to decrease in sales in the Healthcare Division, which generates the highest GM of the 3 divisions. Operating cash flow was $19MM, CapEx was $8.7MM while D&A was $15.4MM in the quarter. Free cash flow was $10MM in 4Q16.

$OSIS {{ '2017-07-11T12:41:38+0000' | timeago}} • Announcement

Electronics company $OSIS said its Security division has received an order worth $20MM to provide spare parts for supporting the Z-Backscatter cargo and vehicle inspection systems.

$OSIS {{ '2017-07-10T12:42:00+0000' | timeago}} • Announcement

$OSIS completed its previously announced acquisition of the former Morpho global explosive trace detection (ETD) business from Smiths Group plc for $75.5MM in cash.

$OSIS {{ '2017-06-30T13:13:03+0000' | timeago}} • Webcast

$OSIS' Security division received orders totaling about $24MM to perform maintenance and support services for multiple categories of security inspection products. This includes models within Rapiscan's Eagle and AS&E's Z Portal and ZBV Cargo and Vehicle Inspection systems and Rapiscan's 600 series Baggage and Parcel Inspection product lines.

$OSIS {{ '2017-06-22T13:57:47+0000' | timeago}} • Announcement

$OSIS said its Security division has received an order for about $9MM from an international customer to provide multiple units of its Rapiscan Eagle P60 high-energy, drive-through cargo and vehicle inspection system. The P60 system is well suited for heavy traffic gateways such as ports and border crossings.

$OSIS {{ '2017-06-21T13:11:11+0000' | timeago}} • Announcement

$OSIS said its Security division received contract valued at about $23MM from a major European airport group to provide multiple units of its RTT 110 (Real Time Tomography) Explosive Detection Systems.

$OSIS {{ '2017-06-01T13:28:31+0000' | timeago}} • Announcement

$OSIS will acquire the global explosive trace detection business from Smiths Group plc for $75.5MM in cash. $OSIS expects to fund the acquisition with a combination of balance sheet cash and borrowings from its existing $525MM credit facility. The transaction is expected to add to its FY18 non-GAAP diluted EPS.

$OSIS {{ '2017-05-01T14:04:16+0000' | timeago}} • Announcement

$OSIS said its Security division has received a Foreign Military Sales (FMS) 2-year contract extension from the U.S. Department of Defense valued at about $23MM to provide training, service and logistics support for its Rapiscan cargo and vehicle inspection systems.

$OSIS {{ '2017-04-25T19:00:55+0000' | timeago}} • Announcement

$OSIS' Security division was awarded a multi-year contract valued at approx. $7MM by an international airport authority. The company will provide Rapiscan 620XR baggage and parcel inspection systems, including follow on maintenance and support services.

$OSIS {{ '2017-04-05T13:38:13+0000' | timeago}} • Announcement

$OSIS said its Security division received a contract valued at about $15MM to provide multiple cargo and vehicle inspection solutions, including OmniView Gantry cargo inspection systems.

$OSIS {{ '2017-03-06T15:46:00+0000' | timeago}} • Announcement

$OSIS healthcare division, Spacelabs Healthcare, has received an approx $8MM order to provide patient monitoring solutions and related accessories to a prominent US hospital group.

$OSIS {{ '2017-01-27T18:44:30+0000' | timeago}} • Announcement

$OSIS reiterated its FY17 sales outlook of $955-990MM and non-GAAP EPS guidance of $2.80-3.20. During 2Q16, $OSIS continued to face challenges in its Healthcare division with YoverY sales down 8%. The company looks forward to improvements in the 2H17.

$OSIS {{ '2017-01-27T18:41:51+0000' | timeago}} • Announcement

$OSIS reported a rise in 2Q17 earnings driven by positive contribution from American Science and Engineering, which was acquired during 1Q. Net income rose to $4.83MM or $0.25 per share from $0.11MM or $0.01 per share last year. Revenue grew to $242.55MM from $197.34MM. Non-GAAP EPS increased to $0.68 from $0.42.

$OSIS {{ '2016-12-21T14:06:17+0000' | timeago}} • Announcement

$OSIS has entered into an amendment to its senior secured credit facility that increases the amount available from $450MM to $525MM. The amendment also lowers borrowing costs, extends the maturity from May 2019 to December 2021, and increases the flexibility of certain restrictive covenants.

$OSIS {{ '2016-12-05T13:59:36+0000' | timeago}} • Announcement

$OSIS said its Security division received a contract valued at about $7MM from a major European Union international airport to provide multiple Rapiscan RTT 110 (Real Time Tomography) Systems.

$OSIS {{ '2016-10-24T14:07:53+0000' | timeago}} • Announcement

$OSIS's recently acquired business, American Science and Engineering, Inc., said it has been awarded an indefinite delivery, indefinite quantity contract from U.S. Customs and Border Protection for Z Portal cargo and vehicle screening systems. The two-year Z Portal sole-source IDIQ contract is valued at up to $64MM.

$OSIS {{ '2016-09-12T13:46:36+0000' | timeago}} • Announcement

Maker of specialized electronic systems $OSIS completed its acquisition of $ASEI, a provider of detection solutions for advanced cargo and personnel inspection. The company acquired all issued and outstanding shares of $ASEI for $37 per share in cash and assumed certain unvested equity awards of the latter, for a purchase price of approx. $269MM.

$OSIS {{ '2016-08-17T07:25:53+0000' | timeago}} • Webcast

$OSIS' 4Q16 SG&A expense was up 5%. R&D expense was down YoverY in absolute dollars, but rose to 5.4% as a percentage of sales. Effective tax rate was 23.9% in the quarter. Impairment, restructuring and other charges were $6.4MM, including severance costs, impairment charges, and acquisition and legal costs.

$OSIS {{ '2016-08-17T07:24:21+0000' | timeago}} • Webcast

$OSIS' 4Q16 GM was 32%, down 150 BPs from 4Q15, due to decrease in sales in the Healthcare Division, which generates the highest GM of the 3 divisions. Operating cash flow was $19MM, CapEx was $8.7MM while D&A was $15.4MM in the quarter. Free cash flow was $10MM in 4Q16.

$OSIS {{ '2016-08-17T07:22:28+0000' | timeago}} • Webcast

In 4Q16, $OSIS' Security Division revenue was softer than expected, driven by timing related items. Rapiscan revenue fell 16% versus 4Q15. FY16 was a challenging year for Healthcare Division due to internal challenges from new product rollout. Spacelabs sales fell 30% in 4Q16. Optoelectronics revenue fell 7% versus 4Q15, in line with expectations.

$OSIS {{ '2016-08-17T07:19:01+0000' | timeago}} • Webcast

Security and inspection systems maker $OSIS' 4Q16 revenue declined versus 4Q15, driven by declines in the Security and Healthcare Divisions. Non-GAAP 4Q16 diluted EPS was $0.55 in the quarter. Non-turnkey book-to-bill ratio was 1. In FY16, bookings were up 7% over FY15, driven by the Security Division.

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