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Varex Imaging Corp - VREX STOCK NEWS

Welcome to our dedicated page for Varex Imaging news (Ticker: VREX), a resource for investors and traders seeking the latest updates and insights on Varex Imaging stock.

Company Overview

Varex Imaging Corp is the world's largest independent supplier of x-ray imaging components, offering innovative solutions in both the medical imaging and industrial x-ray systems sectors. Specializing in the design and manufacture of high-quality x-ray tubes, digital detectors, and comprehensive image processing systems, Varex Imaging plays a pivotal role in enabling accurate diagnostics and effective security measures across various industries.

Core Business and Product Portfolio

The company operates through two primary segments. In the Medical Segment, Varex Imaging focuses on the development, production, and service of components critical for diagnostic processes. This includes a full suite of products such as x-ray tubes, digital detectors, generators, and accessories that consistently meet rigorous performance and safety standards demanded by modern healthcare diagnostics. Equally important is the Industrial Segment, where the company designs and manufactures advanced imaging solutions like Linatron x-ray accelerators, digital flat panel detectors, and high-voltage connectors. These products facilitate essential functions in security screening, industrial inspection, and non-destructive testing while ensuring precise and reliable operation.

Market Position and Global Reach

Varex Imaging has established a strong global presence, with a dominant market share in regions including Europe, the Middle East, and Africa (EMEA), complemented by robust activities in the Americas and Asia Pacific. This widespread reach underscores the company's ability to adapt to diverse regulatory frameworks and meet varying customer requirements across different geographies. The firm's dependable quality and continual innovation have solidified its position as a go-to provider for equipment manufacturers seeking bespoke x-ray imaging solutions.

Technological Innovation and Quality Control

Central to Varex Imaging's operations is a commitment to technological excellence. The company employs advanced engineering techniques and stringent quality control protocols to ensure that every component complies with high-performance standards. Its innovative approach is manifested in the extensive catalog of precision-engineered products that are integral to both diagnostic imaging and security screening. This focus on continuous improvement is supported by substantial research and development efforts aimed at enhancing product efficiency, safety, and reliability.

Operational Excellence and Strategic Differentiation

The company's operational strategy hinges on a deep understanding of industry dynamics. Its product portfolio, marked by technological superiority and an emphasis on customized solutions, sets it apart in a competitive market. Whether catering to the complex demands of modern healthcare diagnostics or addressing the rigorous requirements of industrial inspection systems, Varex Imaging maintains a steadfast commitment to quality and innovation. This dedication not only supports the success of its customers but also reinforces the firm's reputation for delivering robust and high-performance imaging components.

Industry Keywords and Expert Terminology

From the outset, key industry terms like "x-ray imaging components," "medical imaging solutions," and "industrial x-ray systems" underscore the company's expertise. By integrating such terms naturally into the content, the description demonstrates a high level of industry insight and technical proficiency, ensuring that both new and seasoned investors alike gain a clear perspective on the company's operations.

Conclusion

In summary, Varex Imaging Corp stands as an essential contributor to the x-ray imaging sector, with a diverse product offering that spans both medical and industrial applications. Its strategic approach, underpinned by innovative R&D and rigorous quality controls, has enabled the company to maintain its competitive edge in a global marketplace. For anyone seeking a detailed analysis of a firm that underpins vital diagnostic and security imaging technologies, Varex Imaging represents a comprehensive study in precision engineering and operational excellence.

Rhea-AI Summary
Varex Imaging Corporation (VREX) reported unaudited financial results for the first quarter of fiscal year 2024, with revenues of $190 million, representing a 8% year-over-year decrease. The GAAP gross margin was 30%, while the non-GAAP gross margin was 31%. The GAAP operating margin was 2%, and the non-GAAP operating margin was 5%. The company reported a GAAP net loss of $0.01 per diluted share and a non-GAAP net earnings of $0.06 per diluted share. Cash flow from operations was $10 million, and the balance sheet showed stable working capital management with flat cash, cash equivalents, marketable securities, and CDs at $195 million. Varex provided guidance for the second quarter of fiscal year 2024, expecting revenues between $195 million and $215 million, and non-GAAP net earnings per diluted share between $0.10 and $0.30.
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Varex Imaging Corporation (VREX) will report unaudited financial results for Q1 of fiscal year 2024 on February 6, 2024, followed by a conference call. The webcast and replay details are available on the company's website. Investors can access the call from the U.S. and non-U.S. locations.
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Varex Imaging Corporation (VREX) to Present at CJS Securities 24th Annual New Ideas for the New Year Virtual Conference
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Varex Imaging Corporation (Nasdaq: VREX) to participate in two investor conferences, including the 6th Annual Evercore ISI HealthCONx Conference and Mizuho Medical Devices & Healthcare Services Summit 2023. Details available on Varex's website.
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Varex Imaging Corporation (Nasdaq: VREX) announced unaudited financial results for Q4 FY23, reporting $227M in revenues, GAAP gross margin of 34%, Non-GAAP gross margin of 36%, and more. The company's revenues decreased 2% sequentially from Q3 FY23, with Medical segment down 7% and Industrial segment up 12%. Cash flow from operations was $47M for Q4 FY23. The company provided guidance for Q1 FY24 with revenues expected between $180M and $200M and Non-GAAP net income per diluted share expected between $0.00 and $0.20.
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Varex Imaging Corporation will report unaudited financial results for Q4 and full fiscal year 2023 on November 14, 2023. A conference call will follow at 3:00 pm MT. Webcast and replay details provided.
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Varex Imaging to present at Sidoti Small Cap Virtual Conference on September 20, 2023
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FAQ

What is the current stock price of Varex Imaging (VREX)?

The current stock price of Varex Imaging (VREX) is $8.28 as of April 4, 2025.

What is the market cap of Varex Imaging (VREX)?

The market cap of Varex Imaging (VREX) is approximately 355.6M.

What is the primary focus of Varex Imaging Corp?

Varex Imaging Corp is primarily focused on designing and manufacturing critical x-ray imaging components used in both medical diagnostics and industrial applications.

Which business segments does Varex Imaging operate in?

The company operates in two main segments: the Medical Segment, which supplies diagnostic imaging components, and the Industrial Segment, which offers products for security screening and industrial inspection.

What types of products does the Medical Segment provide?

The Medical Segment provides a range of products including x-ray tubes, digital detectors, generators, and various imaging accessories that support high-quality diagnostic imaging.

How does Varex Imaging support industrial imaging applications?

For industrial applications, Varex Imaging designs and manufactures devices such as Linatron x-ray accelerators, digital flat panel detectors, and high-voltage connectors, facilitating precise screening and inspection processes.

In which regions does Varex Imaging have significant market reach?

Varex Imaging enjoys a strong global presence with major market activity in the EMEA region, alongside significant operations in the Americas and Asia Pacific.

How does the company ensure product quality and reliability?

The company employs advanced engineering techniques and stringent quality assurance protocols in its manufacturing processes to ensure that every product meets the high standards required for critical imaging applications.

What distinguishes Varex Imaging from its competitors?

Its extensive, technically advanced product portfolio, combined with a commitment to innovation and customized solutions, allows Varex Imaging to consistently support the complex needs of its customers in both the medical and industrial sectors.

How important is technological innovation to Varex Imaging?

Technological innovation is central to the company’s strategy, with continuous research and development efforts that drive improvements in product design, efficiency, and reliability.
Varex Imaging Corp

Nasdaq:VREX

VREX Rankings

VREX Stock Data

355.62M
40.50M
1.7%
97.32%
2.34%
Medical Devices
Electronic Components, Nec
Link
United States
SALT LAKE CITY