earnings
confidence high
sentiment positive
materiality 0.70
Varex Q3 FY21 revenue $211M (+23% YoY, +4% seq); Non-GAAP EPS $0.40
Varex Imaging Corp
2021-Q3 EPS reported
$0.22
revenue$591,800,000
- Revenue $211M, up 23% YoY and 4% sequentially, driven by Medical and Industrial segment demand.
- GAAP EPS $0.29, Non-GAAP EPS $0.40; Non-GAAP gross margin 36%, up on higher volume and productivity.
- Cash from operations $22M; cash balance $128M (+$17M seq). $30M partial redemption of 7.875% senior secured notes post quarter.
- Q4 FY21 guidance: revenue $205M-$225M, Non-GAAP EPS $0.25-$0.40.