Hollysys(HOLI) - 2023 Q3 - Quarterly Report

Exhibit 99.1 FOR IMMEDIATE RELEASE 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 34.1% for the comparable prior year period. • Ne ...