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Dec 30, 2022
Varex Imaging Q1 2023 Earnings Report
Varex Imaging announced financial results for the first quarter of fiscal year 2023.
Key Takeaways
Varex Imaging's revenue was $206 million, up 3% year-over-year. GAAP net earnings were $0.08 per diluted share and non-GAAP net earnings were $0.21 per diluted share. The company is beginning to see some cautiousness from customers due to the uncertain economic environment.
Revenues were $206 million.
GAAP gross margin was 31% and non-GAAP gross margin was 32%.
GAAP operating margin was 6% and non-GAAP operating margin was 9%.
GAAP net earnings were $0.08 per diluted share and non-GAAP net earnings were $0.21 per diluted share.
Revenue by Segment
Forward Guidance
Revenues are expected to be between $205 million and $225 million. Non-GAAP net earnings per diluted share is expected to be between $0.05 and $0.25 for the second quarter of fiscal year 2023.
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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