OSI Systems, Inc. (NASDAQ:OSIS) Q3 2023 Earnings Conference Call April 27, 2023 12:00 PM ET

Company Participants

Alan Edrick - Executive Vice President and Chief Financial Officer

Deepak Chopra - President and Chief Executive Officer

Conference Call Participants

Josh Nichols - B. Riley

Brian Ruttenbur - Imperial Capital

Jeff Martin - Roth Capital

Larry Solow - CJS Securities

Operator

Thank you for standing by and welcome to the OSI Systems, Inc. Third Quarter 2023 Conference Call. [Operator Instructions] As a reminder, today’s program is being recorded. And now I’d like to introduce your host for today’s program, Alan Edrick, Executive Vice President and Chief Financial Officer. Please go ahead, sir.

Alan Edrick

Thank you. Good morning and thank you for joining us. I am Alan Edrick, Executive Vice President and CFO of OSI Systems. And I am here today with Deepak Chopra, OSI’s President and CEO.

Welcome to the OSI Systems fiscal ‘23 third quarter conference call. We are pleased that you can join us as we review our financial and our operational results. Earlier today, we issued a press release announcing our third quarter fiscal ‘23 financial results.

Before we discuss our results, however, I would like to remind everyone that today’s discussion will include forward-looking statements and the company wishes to take advantage of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to such forward-looking statements. All forward-looking statements made on this call are based on currently available information and the company undertakes no obligation to update any forward-looking statement based on subsequent events or new information or otherwise.

During today’s call, we will refer to both GAAP and non-GAAP financial measures when describing the company’s results. For information regarding non-GAAP measures and comparable GAAP measures of the company’s results and a quantitative reconciliation of those figures, please refer to today’s earnings release.

I will begin with a discussion of our Q3 financial performance and then turn the call over to Deepak for an overview of our business performance. We will then finish with more detail regarding our financial results and a discussion of our outlook for the remainder of the fiscal year. Our third quarter financial results were solid as we navigated the current economic environment, which continues to be impacted by supply chain delays and increased cost, disruptive geopolitical events, inflation and rising interest rates. We are excited about finishing the fiscal year strong and entering fiscal ‘24 with solid visibility given excellent backlog.