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Sep 27, 2024
Varex Imaging Q4 2024 Earnings Report
Varex Imaging's financial performance declined due to decrease in revenue and EPS.
Key Takeaways
Varex Imaging Corporation reported a decrease in revenue and earnings per share (EPS) for the fourth quarter of fiscal year 2024. Revenue was $206 million, and GAAP net loss per diluted share was $(1.22). The company's cash flow from operations was $26 million, and it ended the year with $213 million in cash and marketable securities.
Q4 revenue reached $206 million, at the high end of guidance, driven by Industrial segment strength.
Medical segment revenue decreased 12% year-over-year to $144 million.
Industrial segment revenue decreased 4% year-over-year to $61 million.
Cash generation was strong, with $213 million in cash and marketable securities at fiscal year-end.
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 first quarter of fiscal year 2025, Varex Imaging expects revenues between $195 million and $215 million and non-GAAP net earnings per diluted share between -$0.05 and $0.10.
Positive Outlook
- Revenues are expected between $195 million and $215 million
Challenges Ahead
- Non-GAAP net earnings per diluted share is expected to be between -$0.05 and $0.10
Revenue & Expenses
Visualization of income flow from segment revenue to net income