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Varex Imaging Corporation (VREX)
NASDAQ:VREX
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.02Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -4.51%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong performance in revenue growth, margin improvement, and cash position, countered by significant challenges from tariffs affecting sales in China and potential margin pressures. The company is actively working on mitigation strategies, but the geopolitical situation remains dynamic.Company Guidance
During the Varex Q2 Fiscal Year 2025 earnings call, the company reported strong demand. Revenue was near the high end of expectations, with both Medical and Industrial segments experiencing a 3% year-over-year increase. Gross margin reached 36%, up from 33% in the previous year, due to improved volume, a favorable product sales mix, and productivity gains. Cash from operations was $17 million, contributing to $226 million in cash, cash equivalents, and marketable securities, up $36 million year-over-year. Adjusted EBITDA was $34 million, and non-GAAP EPS was $0.26, compared to $25 million and $0.16 in the prior year. Varex highlighted a $25 million order for cargo inspection systems, reflecting ongoing strength in the Industrial segment. However, the company expressed concern over the impact of the 125% tariff imposed by China, potentially reducing sales by $20 million in Q3. Despite these challenges, Varex is actively pursuing strategies to mitigate tariff impacts and expects continued growth driven by innovation and cost leadership.Revenue Growth in Medical and Industrial Segments
Both the Medical and Industrial segments delivered revenue growth of 3% year-over-year. The Medical segment showed strong demand, particularly in CT tubes, while the Industrial segment benefited from global security screening demand.
Improved Gross Margin
Gross margin increased to 36% from 33% in the same quarter last year, driven by improved volume, favorable product sales mix, and productivity gains.
Strong Cash Position
Cash from operations was $17 million, with cash, cash equivalents, and marketable securities totaling $226 million, up $36 million year-over-year.
Significant Cargo Inspection Order
A $25 million order was announced for cargo inspection systems, adding to the previous quarter's $14 million order, with expected installations over the next 12 to 18 months.
Photon Counting Technology Advancements
Continued progress in photon counting technology with active engagement from large imaging OEMs for next-generation CT systems.
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
VREX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $8.65 | $6.88 | -20.46% |
Feb 06, 2025 | $15.20 | $12.27 | -19.28% |
Nov 19, 2024 | $14.56 | $15.42 | +5.91% |
Aug 01, 2024 | $14.27 | $12.98 | -9.04% |
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.
FAQ
When does Varex Imaging Corporation (VREX) report earnings?
Varex Imaging Corporation (VREX) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Varex Imaging Corporation (VREX) earnings time?
Varex Imaging Corporation (VREX) earnings time is at Aug 05, 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 (Q3) is 0.02.