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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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