Hollysys Automation (HOLI) Misses Q2 EPS by 4c, Revenues Beat

Hollysys Automation (NASDAQ: HOLI) reported Q2 EPS of $0.56, $0.04 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $170.1 million versus the consensus estimate of $156.93 million.

Second Quarter of Fiscal Year 2020 Financial Highlights

• Non-GAAP net income attributable to Hollysys was $34.2 million, a decrease of 22.9% compared to the comparable prior year period.
• Total revenues were $170.1 million, an increase of 13.8% compared to the comparable prior year period.
• Non-GAAP gross margin was at 36.3%, compared to 38.2% for the comparable prior year period.
• Non-GAAP diluted EPS were at $0.56, a decrease of 23.3% compared to the comparable prior year period.
• Net cash provided by operating activities was $70.5 million for the current quarter.
• DSO of 137 days, compared to 157 days for the comparable prior year period.
• Inventory turnover days of 39 days, compared to 39 days for the comparable prior year period.

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

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