OSI Systems, Inc. (NASDAQ:OSIS) Q1 2023 Earnings Conference Call October 27, 2022 12:00 PM ET
Company Participants
Alan Edrick - Executive Vice President and CFO
Deepak Chopra - President and CEO
Conference Call Participants
Brian Ruttenbur - Imperial Capital
Larry Solow - CJS Securities
Christopher Glynn - Oppenheimer
Jeff Martin - ROTH Capital
Josh Nichols - B. Riley
Operator
Good day and thank you for standing by. Welcome to the OSI Systems, Inc. First Quarter 2023 Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation there will be a question-and-answer session. [Operator Instructions]
Please be advised that today’s conference is being recorded. I would now like to turn the conference over to your speaker today, Alan Edrick, Chief Finance Officer. Please go ahead.
Alan Edrick
Well, thank you. Hello 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 2023 first 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 first quarter of fiscal 2023 financial results.
Before we discuss these 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 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 Q1 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 year.
Our first quarter revenues and earnings were generally consistent with our expectations. We anticipated a softer start to the fiscal year with momentum building beginning in Q2 as supported by the timing of planned deliveries from our significant backlog.