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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
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 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