secwatch.observer — SEC 8-K summary
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Issuer:     Varex Imaging Corp (VREX)
CIK:        0001681622
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001681622-23-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Varex Q1 revenue $206M, down 11% sequential; Non-GAAP EPS $0.21; Q2 guidance soft
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- Revenue $206M (-11% QoQ, +3% YoY); Medical $160M, Industrial $46M.
- GAAP EPS $0.08; Non-GAAP EPS $0.21 (down from $0.42 prior quarter).
- Non-GAAP gross margin 32% vs 33% in Q4 FY22.
- Q2 FY23 guidance: revenue $205M-$225M; Non-GAAP EPS $0.05-$0.25.
- Operating cash flow -$4M on higher inventory and annual incentive payments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681622/000168162223000012/0001681622-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681622/000168162223000012/vrex-20230131.htm
  HTML page:      https://secwatch.observer/filing/0001681622-23-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer