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Jan 01, 2021
Varex Imaging Q1 2021 Earnings Report
Varex Imaging's first quarter of fiscal year 2021 financial results were announced.
Key Takeaways
Varex Imaging Corporation announced its financial results for the first quarter of fiscal year 2021, with revenues of $177 million. The company's performance exceeded expectations, with a sequential revenue increase of 4% over the previous quarter and a significant improvement in non-GAAP gross margin to 34%.
Revenues reached $177 million.
GAAP gross margin was 32%, while non-GAAP gross margin was 34%.
GAAP operating margin was 3%, and non-GAAP operating margin was 8%.
GAAP net earnings per diluted share were $(0.16), while non-GAAP net earnings per diluted share were $0.08.
Revenue by Segment
Forward Guidance
The following guidance is provided for the second quarter of fiscal year 2021: Revenues are expected to be between $180 million and $200 million and Non-GAAP earnings per diluted share is expected to be between $0.05 and $0.25.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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