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Varex Imaging Corporation (Nasdaq: VREX) is the world’s largest independent supplier of medical X-ray tubes and image processing solutions. With a mission to be the leader in imaging components by delivering high-quality products that enable customer success, Varex Imaging serves a variety of industries, from medical imaging to cargo screening and border security.
Core Business: Varex Imaging operates in two main segments: Medical and Industrial. The Medical segment, the key revenue driver, designs, manufactures, sells, and services a range of X-ray imaging components such as X-ray tubes, digital flat panel image detectors, high voltage connectors, ionization chambers, and buckys. The Industrial segment focuses on components like Linatron X-ray accelerators, digital flat panel detectors, and high voltage connectors. These components are integral to X-ray imaging systems used worldwide for diagnosis, detection, and protection.
Recent Achievements and Projects: Varex Imaging has an extensive catalog of innovative and cost-effective X-ray imaging solutions. The company conducts manufacturing, research, and development operations in the United States, Europe, the Philippines, and China, with sales and service operations globally. Varex's commitment to innovation is evident through its continual development of high-voltage connectors, X-ray collimators, ionization chambers, and mammography paddles, among others.
Financial and Partnerships: Varex Imaging has solidified its position in the market through strategic partnerships and a robust financial outlook. The company's products help their customers become world-class system suppliers by harnessing the power of X-ray energy to pioneer advances in various applications.
Overall, Varex Imaging Corporation stands out as a key player in the imaging components industry, driving advancements that benefit both medical and industrial applications.
Varex Imaging Corporation (Nasdaq: VREX) will announce its unaudited financial results for Q2 of fiscal 2023 on May 2, 2023, after market close. A conference call will follow at 3:00 pm Mountain Time, and interested parties can listen live via the company’s website or by phone. The conference call will be archived for future access.
Varex specializes in X-ray imaging components including tubes and digital detectors, servicing the medical, industrial, and security sectors. Headquartered in Salt Lake City, Utah, Varex employs around 2,400 personnel across North America, Europe, and Asia.
Varex Imaging Corporation (Nasdaq: VREX) announced upcoming presentations at two virtual investor conferences. The presentations will be held at the Oppenheimer 33rd Annual Healthcare Conference on March 14, 2023, at 12:40 pm ET, and the Sidoti Small-Cap Conference on March 23, 2023, at 2:30 pm ET. Both events will be available via live webcast on Varex’s website, with replays accessible for 90 days post-event. Varex is a leading manufacturer of X-ray imaging components used in various applications, employing around 2,300 people globally.
Varex Imaging Corporation (Nasdaq: VREX) reported its unaudited financial results for Q1 FY23. Revenues reached $206 million, reflecting an 11% sequential decline but a 3% year-over-year increase. The GAAP gross margin was 31%, while the non-GAAP gross margin stood at 32%. Operating expenses were $50 million (GAAP) and $47 million (non-GAAP). The GAAP net earnings were $0.08 per diluted share, down from $0.42 last quarter, with non-GAAP EPS at $0.21. The company anticipates Q2 revenues between $205 million and $225 million and non-GAAP EPS between $0.05 and $0.25.
Varex Imaging Corporation (Nasdaq: VREX) will announce its unaudited financial results for Q1 FY 2023 on January 31, 2023, after regular trading hours. A conference call will follow at 3:00 PM MT, accessible via the company's website or by phone. The replay will be available until February 14, 2023. Varex is a leader in X-ray imaging components, serving various applications in medical, industrial, and security sectors. Employing approximately 2,300 people globally, the company has a rich history of innovation in imaging technologies.
Varex Imaging Corporation (Nasdaq: VREX) will present at the CJS Securities 23rd Annual New Ideas for the New Year Conference on Wednesday, January 11, 2023, at 3:45 PM ET. The presentation will be given by the Chief Financial Officer, Sam Maheshwari, and will provide an overview of the company’s business. The event will be accessible via a listen-only webcast and will be available for replay for 90 days at vareximaging.com.
Varex Imaging Corporation (NASDAQ: VREX) has announced its 2023 Annual Meeting of Stockholders will take place virtually on February 9, 2023, at 5:30 pm Mountain Time. The board believes this format increases participation, cuts costs, and ensures health safety. Stockholders who were on record by the close of business on December 12, 2022, can vote on meeting matters. Varex will provide essential details and encourages stockholders to vote and submit proxies in advance.
Varex Imaging Corporation (Nasdaq: VREX) reported record Q4 FY22 revenues of $231 million, with a GAAP gross margin of 32% and a non-GAAP operating margin of 13%. For FY22, total revenues reached $859 million, marking a 10% operating margin. Q4 earnings were $0.32 GAAP and $0.42 non-GAAP per diluted share. Despite supply chain challenges, the company saw an 8% sequential revenue increase driven by growth in Medical and Industrial segments. For Q1 FY23, Varex expects revenues between $195 million and $215 million.
Varex Imaging Corporation (Nasdaq: VREX) announced it will release unaudited financial results for Q4 and fiscal year 2022 after market close on November 15, 2022. A conference call will follow at 3:00 pm MT, available via webcast on the company's website. Varex specializes in X-ray imaging components, including tubes and digital detectors, utilized in medical and security sectors. With over 2,100 employees globally, Varex continues its 70+ year history of innovation in the imaging industry.
Varex Imaging Corporation (Nasdaq: VREX) has appointed Kathleen L. Bardwell to its Board of Directors, effective July 29, 2022. Bardwell, with over 35 years of experience in regulatory affairs and compliance, previously served as Senior Vice President at STERIS Corporation. Her extensive background in quality and regulatory matters is expected to enhance Varex's governance. The board has increased its size from seven to eight members. Bardwell has also held various key roles in other financial institutions and is affiliated with professional organizations such as NACD and AICPA.
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