Aerospace Group:

Earnings News & Notes

By Cal Biesecker

Tuesday, August 23rd, 2016

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OSI Systems [OSIS] 4Q16 4Q15 FY16 FY15Sales $221.5 $266.6 $829.7M $958.2MNet Inc. $5.9M, 0.30 $22.4M, 1.09 $26.2M, $1.30$65.2M, $3.17Sales fell 17% on declines across all three of the company’s segments with the Security and Healthcare businesses off the most. Sales in the Rapiscan Systems security segment fell 19% to $110.5 million due to contract delays and a slower conversion of backlog into revenue, says Deepak Chopra, the company’s president and CEO. For example, he says, a $20 million…

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