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