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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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