Hollysys Automation (HOLI) Reports In-Line Q4 EPS, Revenues Miss

Hollysys Automation (NASDAQ: HOLI) reported Q4 EPS of $0.42, in-line with the analyst estimate of $0.42. Revenue for the quarter came in at $157 million versus the consensus estimate of $162.75 million.

Fourth Quarter of Fiscal Year 2019 Financial Highlights

• Non-GAAP net income attributable to Hollysys was $25.7 million, a decrease of 10.1% compared to the comparable prior year period.
• Total revenues were $157.0 million, an increase of 6.6% compared to the comparable prior year period.
• Non-GAAP gross margin was at 34.0%, compared to 39.6% for the comparable prior year period.
• Non-GAAP diluted EPS was $0.42, a decrease of 8.7% compared to the comparable prior year period.
• Net cash provided by operating activities was $13.8 million for the current quarter.
• DSO of 160 days, compared to 166 days for the comparable prior year period.
• Inventory turnover days of 42 days, compared to 59 days for the comparable prior year period.

For earnings history and earnings-related data on Hollysys Automation (HOLI) click here.

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