Hollysys(HOLI) - 2024 Q1 - Quarterly Report

Exhibit 99.1 FOR IMMEDIATE RELEASE 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% for the comparable prior year period. • Net income attributable to H ...