Varex reports record Q4 revenue of $231M; non-GAAP EPS $0.42, guides Q1 $195-215M

Varex Imaging Corp

2022-FY EPS reported $0.73 revenue$859,400,000

Record Q4 revenue $231M (up 8% seq., 2% YoY); FY22 record revenue $859M.
GAAP EPS $0.32; non-GAAP EPS $0.42 diluted (FY22: $0.73 GAAP, $1.43 non-GAAP).
Operating cash flow $17M; cash & securities $113M at year-end.
Q1 FY2023 guidance: revenue $195M-$215M, non-GAAP EPS $0.10-$0.30.
Medical flat YoY, Industrial +9% YoY; supply chain improving.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Varex Imaging Corp reported fiscal year 2022 results: revenue $859 million, EPS GAAP net earnings $0.73 per diluted share.

Period: fiscal year 2022
Revenue: $859 million
EPS: GAAP net earnings $0.73 per diluted share
Result: preliminary results

Exact text from the filing

FY22 Summary • Record revenues of $859 million • GAAP gross margin 33% | Non-GAAP gross margin* 34% • GAAP operating expense $195 million | Non-GAAP operating expense* $179 million • GAAP operating margin 10% | Non-GAAP operating margin* 13% • GAAP net earnings $0.73 per diluted share | Non-GAAP net earnings* $1.43 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Varex Imaging Corp reported the fourth quarter of fiscal year 2022 results: revenue $231 million, EPS GAAP net earnings $0.32 per diluted share.

Period: the fourth quarter of fiscal year 2022
Revenue: $231 million
EPS: GAAP net earnings $0.32 per diluted share
Result: preliminary results

Exact text from the filing

Q4 FY22 Summary • Record revenues of $231 million • GAAP gross margin 32% | Non-GAAP gross margin* 33% • GAAP operating expense $50 million | Non-GAAP operating expense* $47 million • GAAP operating margin 11% | Non-GAAP operating margin* 13% • GAAP net earnings $0.32 per diluted share | Non-GAAP net earnings* $0.42 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Varex Imaging Corp reported the first quarter of fiscal year 2023 results: revenue between $195 million and $215 million, EPS between $0.10 and $0.30. Guidance initiated.

Period: the first quarter of fiscal year 2023
Revenue: between $195 million and $215 million
EPS: between $0.10 and $0.30
Guidance: initiated
Result: guidance update

Exact text from the filing

The following guidance is provided for the first quarter of fiscal year 2023: • Revenues are expected to be between $195 million and $215 million • Non-GAAP net earnings per diluted share is expected to be between $0.10 and $0.30

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Source: SEC EDGAR

accession 0001681622-22-000088

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