OSI Systems, Inc. announced its financial results for the three and six months ended December 31, 2024, on January 23, 2025. The company reported record second-quarter revenues of $419.8 million, marking a 12% increase compared to $373.2 million in the prior year period.
GAAP diluted earnings per share for Q2 FY25 were $2.22, with non-GAAP diluted earnings per share reaching $2.42. The company achieved a book-to-bill ratio of 1.2 for the quarter, and its backlog stood at over $1.8 billion as of December 31, 2024.
Cash provided by operating activities was $52.5 million in Q2 FY25, a significant improvement from cash used in operations of $23.5 million in the prior year. The Security division's revenues increased 16% year-over-year, contributing to an adjusted operating margin of 19.9%.
OSI Systems increased its fiscal 2025 revenue guidance to a range of $1.685 billion to $1.710 billion, representing 9.5% to 11.1% growth. Non-GAAP diluted earnings per share guidance was also raised to $9.10 to $9.40, indicating 11.9% to 15.6% growth.
The Optoelectronics and Manufacturing division delivered solid financial results with year-over-year growth in revenues and operating income. The Healthcare division showed encouraging Q2 sales growth and bookings momentum, with a continued focus on new product development in patient monitoring.
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