Loading...
•
Dec 29, 2023
Varex Imaging Q1 2024 Earnings Report
Reported financial results for the first quarter of fiscal year 2024.
Key Takeaways
Varex Imaging Corporation reported revenue of $190 million, which was at the midpoint of their guidance. Unfavorable mix in both the Medical and Industrial segments impacted profitability. Revenue was down 8% year-over-year.
Revenues were $190 million.
GAAP gross margin was 30%, while non-GAAP gross margin was 31%.
GAAP operating margin was 2%, while non-GAAP operating margin was 5%.
GAAP net loss was $0.01 per diluted share, while non-GAAP net earnings was $0.06 per diluted share.
Varex Imaging
Varex Imaging
Varex Imaging Revenue by Segment
Revenue by Segment
Medical Segment Revenue
CapyFin.comIndustrial Segment Revenue
CapyFin.com Forward Guidance
The following guidance is provided for the second quarter of fiscal year 2024:
Positive Outlook
- Revenues are expected to be between $195 million and $215 million
- Non-GAAP net earnings per diluted share is expected to be between $0.10 and $0.30
Revenue & Expenses
Visualization of income flow from segment revenue to net income