---
schema_version: "secwatch.filing_event.v1"
accession: "0001681622-22-000088"
form_type: "8-K"
ticker: "VREX"
cik: "0001681622"
company_name: "Varex Imaging Corp"
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T18:36:05.457193+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001681622-22-000088
- form_type: 8-K
- ticker: VREX
- cik: 0001681622
- company_name: Varex Imaging Corp
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681622/000168162222000088/0001681622-22-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681622/000168162222000088/vrex-20221115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001681622-22-000088
- JSON: https://secwatch.observer/filing/0001681622-22-000088.json
- Plain text: https://secwatch.observer/filing/0001681622-22-000088.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681622/000168162222000088/0001681622-22-000088-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681622/000168162222000088/0001681622-22-000088-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681622/000168162222000088/0001681622-22-000088-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.