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Oct 01, 2021
Varex Imaging Q4 2021 Earnings Report
Announced record financial results.
Key Takeaways
Varex Imaging Corporation reported record quarterly revenue of $226 million in the fourth quarter of fiscal 2021, driven by broad-based strength globally, especially in the Medical Segment. Profitability improved due to strong growth and stable operating expenses, leading to robust cash generation with $51 million in cash flow from operations.
Revenues reached $226 million.
GAAP gross margin was 33%, while non-GAAP gross margin was 34%.
GAAP operating margin was 12%, and non-GAAP operating margin was 14%.
GAAP net earnings were $0.20 per diluted share, and non-GAAP net earnings were $0.45 per diluted share.
Forward Guidance
For the first quarter of fiscal year 2022, Varex expects revenues to be between $200 million and $220 million, and non-GAAP net earnings per diluted share to be between $0.20 and $0.40.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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