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Jun 28, 2024
Varex Imaging Q3 2024 Earnings Report
Announced financial results, with revenue of $209 million, GAAP EPS of $0.03, and non-GAAP EPS of $0.14.
Key Takeaways
Varex Imaging Corporation reported revenue of $209 million for Q3 2024, a 10% decrease year-over-year. GAAP EPS was $0.03, and non-GAAP EPS was $0.14. The industrial segment saw a 6% increase driven by cargo inspection, while the medical segment declined by 15%.
Revenue was $209 million, down 10% year-over-year.
GAAP EPS was $0.03 per diluted share, while non-GAAP EPS was $0.14 per diluted share.
Medical segment revenue was $149 million, a 15% decrease year-over-year.
Industrial segment revenue was $60 million, a 6% increase year-over-year driven primarily by continued strength in cargo inspection business.
Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal year 2024, Varex expects revenues to be between $190 million and $210 million, and non-GAAP net earnings per diluted share to be between $0.00 and $0.15.
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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