Varex Imaging reports Q2 EPS 17c, consensus 14c

Reports Q2 revenue $212.9M, consensus $206.8M. Sunny Sanyal, Chief Executive Officer, stated, “Demand remained strong in the second quarter, driving year-over-year sales growth across both segments. Higher volumes, improved sales mix and productivity gains drove margin expansion, profitability and cash generation in the quarter.” Sanyal added, “Due to high tariffs imposed by China on U.S. products, several of our China-based customers have paused purchases, causing us to reduce our outlook for the short term.”