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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.
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 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