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Mar 29, 2024
Varex Imaging Q2 2024 Earnings Report
Announced financial results for the second quarter of fiscal year 2024.
Key Takeaways
Varex Imaging Corporation reported revenue of $206 million, which was in line with guidance but down 10% year-over-year, primarily due to lower sales in China. GAAP net earnings were $0.03 per diluted share, while non-GAAP net earnings were $0.16 per diluted share.
Revenue was $206 million.
GAAP gross margin was 32%, and non-GAAP gross margin was 33%.
GAAP operating margin was 4%, while non-GAAP operating margin was 6%.
GAAP net earnings were $0.03 per diluted share, and non-GAAP net earnings were $0.16 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
For the third quarter of fiscal year 2024, Varex expects revenues to be between $200 million and $220 million, and non-GAAP net earnings per diluted share to be between $0.05 and $0.25.
Revenue & Expenses
Visualization of income flow from segment revenue to net income