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Jul 01, 2022
Varex Imaging Q3 2022 Earnings Report
Announced financial results for the third quarter of fiscal year 2022.
Key Takeaways
Varex Imaging Corporation's revenues were $214 million, flat sequentially, with the Medical segment down 2% and the Industrial segment up 7% from the second quarter of fiscal year 2022. Compared to the third quarter of fiscal year 2021, total revenues increased 2%, with the Medical segment flat and the Industrial segment up 8%. Non-GAAP gross margin increased to 35% in the quarter compared to 34% last quarter and non-GAAP EPS was flat sequentially at $0.37.
Revenues $214 million
GAAP gross margin 34%
GAAP operating margin 11%
GAAP net earnings $0.20 per diluted share
Revenue by Segment
Forward Guidance
The following guidance is provided for the fourth quarter of fiscal year 2022: Revenues are expected to be between $210 million and $240 million Non-GAAP net earnings per diluted share is expected to be between $0.25 and $0.45
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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