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Stock impact report

Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2023

Hollysys Automation Technologies, Ltd. (HOLI) 
Last hollysys automation technologies, ltd. earnings: 2/19 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: hollysys.investorroom.com
Company Research Source: PR Newswire
First Half of Fiscal Year 2024 Financial HighlightsTotal revenues were $423.6 million, an increase of 2.1% compared to the comparable prior year period.Gross margin was 31.9%, compared to 36.1% for the comparable prior year period. Non-GAAP gross margin was 32.1%, compared to 36.3% for the comparable prior year period.Net income attributable to Hollysys was $45.8 million, a decrease of 34.3% compared to the comparable prior year period. Non-GAAP net income attributable to Hollysys was $46.8 million, a decrease of 35.5% compared to the comparable prior year period. Diluted earnings per share was $0.74, a decrease of 33.9% compared to the comparable prior year period. Non-GAAP diluted earnings per share was $0.75, a decrease of 35.9% compared to the comparable prior year period.Net cash provided by operating activities was $88.3 million.Days sales outstanding ("DSO") was 146 days, compared to 144 days for the comparable prior year period.Inventory turnover days were 74 days, compared to Show less Read more
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