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Mar 31, 2023
Varex Imaging Q2 2023 Earnings Report
Announced strong financial results.
Key Takeaways
Varex Imaging Corporation reported revenue of $228 million, up 11% sequentially and 6% year-over-year. GAAP net earnings were $0.10 per diluted share, while non-GAAP net earnings were $0.26 per diluted share.
Revenues reached $228 million.
GAAP gross margin was 32%, and non-GAAP gross margin was 33%.
GAAP operating margin was 7%, and non-GAAP operating margin was 10%.
Cash flow from operations was $27 million.
Varex Imaging
Varex Imaging
Varex Imaging Revenue by Segment
Revenue by Segment
Medical Segment Revenue
CapyFin.comIndustrial Segment Revenue
CapyFin.com Forward Guidance
Revenues are expected to be between $220 million and $240 million. Non-GAAP net earnings per diluted share is expected to be between $0.20 and $0.40.
Revenue & Expenses
Visualization of income flow from segment revenue to net income