Loading...
•
Apr 02, 2021
Varex Imaging Q2 2021 Earnings Report
Announced financial results for the second quarter of fiscal year 2021 which were stronger than expectations and exceeded pre-COVID revenue levels.
Key Takeaways
Varex Imaging Corporation's financial results for Q2 2021 exceeded expectations, surpassing pre-COVID revenue levels, driven by strong global CT tube sales and higher sales of industrial digital detectors. Revenues increased 3% year-over-year, and the company benefited from strong expense management.
Revenues were $204 million.
GAAP gross margin was 32%, while non-GAAP gross margin was 35%.
GAAP operating margin was 8%, and non-GAAP operating margin was 13%.
GAAP net earnings were $0.08 per diluted share, while non-GAAP net earnings were $0.35 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 third quarter of fiscal year 2021: Revenues are expected to be between $195 million and $215 million and Non-GAAP earnings per diluted share is expected to be between $0.15 and $0.35
Revenue & Expenses
Visualization of income flow from segment revenue to net income