NASDAQ:HOLI

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

First Half of Fiscal Year 2024 Financial Highlights * Total 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 t...

2024-03-08 06:00 3147

Hollysys Announces Shareholder Approval of Merger Agreement with Ascendent

BEIJING, Feb. 8, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that, at an extraordinary general meeting of shareholders ("EGM") held today, the Company's shareholders voted in favor of, among other things, the proposal to ...

2024-02-08 18:52 3386

Hollysys Recommends Shareholders Vote FOR Ascendent Transaction to Secure Compelling Value

Updated proxy to detail recent engagement with Dazheng BEIJING, Jan. 31, 2024 /PRNewswire/ -- The Board of Directors of Hollysys Automation Technologies Ltd. ("Hollysys" or the "Company") today issued a letter to shareholders reiterating its support for the proposed acquisition of the Company b...

2024-01-31 22:15 2718

Hollysys Reiterates Strong Support for Ascendent Deal; Provides Update on Engagement with Dazheng

- Special Committee concluded Dazheng proposal was not superior after rigorous negotiations - Dazheng was unable to provide sufficient assurances around equity financing and last-minute introduction of yet another new member after multiple changes in its consortium composition raised further que...

2024-01-30 09:00 1062

Hollysys Announces Shareholder Meeting to Vote on Acquisition by Ascendent Capital Partners

-- Board recommends shareholders to vote "FOR" merger agreement for acquisition by Ascendent at$26.50/share BEIJING, Jan. 5, 2024 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it will hold an extraordinary general meeting ...

2024-01-05 22:21 1360

Hollysys Announces End of "Go-Shop" Period under Merger Agreement with Ascendent Capital Partners

* Company receives additional offers during "go-shop" period * None of the offers received constitutes or would reasonably be expected to result in a Superior Proposal BEIJING, Dec. 27, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") toda...

2023-12-27 20:00 4363

Hollysys to be Acquired by Ascendent Capital Partners for US$26.50 in Cash Per Share

* Hollysys Board has unanimously approved Ascendent's all cash offer at 42% premium to the unaffected price as of23 August 2023 * Agreement marks culmination of formal sale process conducted by Special Committee of independent directors BEIJING, Dec. 11, 2023 /PRNewswire/ -- Hollysys Automati...

2023-12-11 22:10 2504

Hollysys Update: EGM, Sale Process

 - Hollysys intends to hold special meeting of shareholders in January 2024 - Special Committee continues sale process in expedited manner BEIJING, Nov. 22, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced its intention to h...

2023-11-23 06:00 1323

Hollysys Automation Technologies Reports Unaudited Financial Results for the First Quarter Ended September 30, 2023

First Quarter of Fiscal Year 2024 Financial Highlights * Total revenues were $199.9 million, an increase of 17.6% compared to the comparable prior year period. * Gross margin was 34.6%, compared to 31.1% for the comparable prior year period.Non-GAAP gross margin was 34.8%, compared to 31.3% f...

2023-11-16 06:00 2614

Hollysys Provides Update on Sale Process; Responds to Shareholder Request for Special Meeting

- Board Special Committee receives several indications of interest from financial sponsors and strategic buyers  - Board to confirm plans for special meeting, pending outcome of November 21 court hearing on an injunction application against Ace Lead Profits and its Hollysys shares BEIJING, Oct....

2023-10-30 19:00 1878

Hollysys Provides Update on Ongoing Sale Process and Special Meeting Request; Discloses Offer from Management-Backed Buyer Group

- Proposal on behalf of management team offers U.S. $25 per share - - Sale process continues as Special Committee engages other parties- BEIJING, Oct. 24, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that its special commi...

2023-10-24 21:33 3014

Hollysys Announces Formal Sale Process as Part of Review of Strategic Options

- Forms special committee of independent directors to conduct process - - Will evaluate proposal from bidder group - - Deutsche Bank to solicit additional potential offers on behalf of the Company - BEIJING, Oct. 2, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hol...

2023-10-02 18:00 4155

Hollysys Receives Notices of Intention to Request Special Meeting of Shareholders and Additionally an Unsolicited Offer to Acquire the Company

BEIJING, Sept. 5, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") announced that onAugust 23, 2023, it received from certain shareholders of the Company, notices of intention (collectively, the "Notices of Intention") to request the board of...

2023-09-05 18:00 3483

Hollysys Automation Technologies Reports Unaudited Financial Results for the Fourth Quarter and the Fiscal Year Ended June 30, 2023

Fiscal Year 2023 Financial Highlights * Total revenues were $777.4 million, an increase of 9.9% compared to the comparable prior year period. Unfavorable impact from depreciation of Renminbi against the U.S. dollar has adversely affected our revenues for fiscal year 2023. * Gross margin was ...

2023-08-16 05:00 2623

Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2023

First Nine Months of Fiscal Year 2023 Financial Highlights * Total revenues were $582.4 million, an increase of 10.9% compared to the comparable prior year period. * Gross margin was 33.4%, compared to 33.9% for the comparable prior year period.Non-GAAP gross margin was 33.6%, compared to 34....

2023-05-17 05:00 2804

Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2022

First Half of Fiscal Year 2023 Financial Highlights * Total revenues were $414.8 million, an increase of 12.2% compared to the comparable prior year period. * Gross margin was 36.1%, compared to 35.3% for the comparable prior year period.Non-GAAP gross margin was 36.3%, compared to 35.4% for ...

2023-02-16 06:00 3188

Hollysys Automation Technologies Reports Unaudited Financial Results for the First Quarter Ended September 30, 2022

First Quarter of Fiscal Year 2023 Financial Highlights * Total revenues were $170.0 million, an increase of 10.9% compared to the comparable prior year period. * Gross margin was 31.1%, compared to 34.2% for the comparable prior year period.Non-GAAP gross margin was 31.3%, compared to 34.3% f...

2022-11-16 06:00 2920

Hollysys Automation Technologies Reports Unaudited Financial Results for the Fiscal Year and the Fourth Quarter Ended June 30, 2022

Fiscal Year 2022 Financial Highlights * Total revenues were $707.5 million, an increase of 19.2% compared to the comparable prior year period. * Gross margin was 33.8%, compared to 36.8% for the comparable prior year period.Non-GAAP gross margin was 34.0%, compared to 36.8% for the comparable...

2022-08-12 18:00 4165

Hollysys Automation Technologies Reports Unaudited Financial Results for the Third Quarter and the First Nine Months Ended March 31, 2022

First Nine months of Fiscal Year 2022 Financial Highlights * Total revenues were $525.3 million, an increase of 20.9% compared to the comparable prior year period. * Gross margin was 33.9%, compared to 36.4% for the comparable prior year period.Non-GAAP gross margin was 34.1%, compared to 36....

2022-04-30 05:00 4899

Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2021

First Half of Fiscal Year 2022 Financial Highlights * Total revenues were $369.6 million, an increase of 13.8% compared to the comparable prior year period. * Gross margin was 35.3%, compared to 36.1% for the comparable prior year period.Non-GAAP gross margin was 35.4%, compared to 36.1% for ...

2022-03-16 05:00 2147
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