Varex Q2 FY2023 revenue $228M beats guidance; non-GAAP EPS $0.26

Varex Imaging Corp

2023-Q2 EPS reported $0.18 revenue$433,800,000

Revenue $228M, up 6% YoY and 11% sequentially; GAAP EPS $0.10, non-GAAP EPS $0.26.
Medical segment rev $174M (+2% YoY); Industrial segment rev $54M (+22% YoY).
Cash flow from operations $27M; cash, equivalents, securities $122M, up $14M sequentially.
Q3 FY2023 guidance: revenue $220–$240M, non-GAAP EPS $0.20–$0.40.
Management cites strong demand, exceeded high-end of guidance.

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 second quarter of fiscal year 2023 results: revenue $228 million, EPS $0.10 per diluted share.

Period: second quarter of fiscal year 2023
Revenue: $228 million
EPS: $0.10 per diluted share
Result: preliminary results

Exact text from the filing

VAREX ANNOUNCES STRONG FINANCIAL RESULTS FOR SECOND QUARTER FISCAL YEAR 2023 SALT LAKE CITY, May 2, 2023 – Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the second quarter of fiscal year 2023. 2QFY23 Summary • Revenues $228 million • GAAP gross margin 32% | Non-GAAP gross margin* 33% • GAAP operating margin 7% | Non-GAAP operating margin* 10% • GAAP net earnings $0.10 per diluted share | Non-GAAP net earnings* $0.26 per diluted share • Cash flow from operations $27 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Varex Imaging Corp reported third quarter of fiscal year 2023 results: revenue between $ 220 million and $ 240 million, EPS between $0.20 and $0.40. Guidance initiated.

Period: third quarter of fiscal year 2023
Revenue: between $ 220 million and $ 240 million
EPS: between $0.20 and $0.40
Guidance: initiated
Result: guidance update

Exact text from the filing

Outlook The following guidance is provided for the third quarter of fiscal year 2023: • Revenues are expected to be between $ 220 million and $ 240 million • Non-GAAP net earnings per diluted share is expected to be between $0. 20 and $0.40

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Source: SEC EDGAR

accession 0001681622-23-000047

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