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Varex Imaging Corporation (VREX)
NASDAQ:VREX
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.06Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: -7.14%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call revealed strong performance and strategic advancements in the industrial segment and photon counting technologies, alongside positive cash flow. However, challenges remain with declining revenues, destocking impacts, stable yet lower China business, and lower gross margins. The sentiment is cautiously optimistic, with plans to address these challenges and drive growth.Company Guidance
During the Varex Fourth Quarter Fiscal Year 2024 Earnings Call, the company provided guidance indicating that revenues reached $206 million, which was towards the high end of the guidance range, while the non-GAAP gross margin was 23% at the low end. The non-GAAP EPS exceeded expectations at $0.19. The call highlighted a year-over-year revenue decrease of 10%, with the Medical segment declining by 12% and the Industrial segment by 4%. Non-GAAP gross margin for the fourth quarter was 33%, and adjusted EBITDA was $23 million. The company ended the fiscal year with $213 million in cash, cash equivalents, and marketable securities, marking an $18 million increase from the previous year. For the first quarter of fiscal 2025, Varex expects revenues between $195 million and $215 million, with a non-GAAP EPS range of a loss of $0.05 to a profit of $0.10 per share, based on a non-GAAP gross margin of approximately 31%.Strong Performance in Industrial Segment
Fourth quarter revenues were at the high end of guidance, driven by strength in the industrial segment, particularly in security screening and cargo inspection products.
Photon Counting Technology Advancements
Varex is advancing photon counting technologies, poised to be a significant revenue driver by fiscal 2029, targeting approximately $150 million in annual revenue.
Positive Cash Flow and Strong Cash Position
Ended Q4 with $213 million in cash, cash equivalents, and marketable securities, an increase of $18 million compared to the prior fiscal year-end.
Investment in India Production
India expansion plans are on track, with production of components expected to begin in Q3 of fiscal 2025, aiming for a cost-competitive advantage.
Non-GAAP EPS Exceeds Guidance
Non-GAAP EPS was $0.19, exceeding the high end of the guidance range for the quarter.
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VREX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VREX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $14.56 | $15.42 | +5.91% |
| Aug 01, 2024 | $14.27 | $12.98 | -9.04% |
| May 02, 2024 | $16.43 | $15.59 | -5.11% |
| Feb 06, 2024 | $19.44 | $17.65 | -9.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Varex Imaging Corporation (VREX) report earnings?
Varex Imaging Corporation (VREX) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Varex Imaging Corporation (VREX) earnings time?
Varex Imaging Corporation (VREX) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VREX EPS forecast?
VREX EPS forecast for the fiscal quarter 2025 (Q1) is 0.02.
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