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Varex Imaging Corporation (VREX)
NASDAQ:VREX
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -16.84%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with notable revenue growth across segments, improved gross margins, and strong cash management. However, challenges such as unscheduled absences impacting demand fulfillment, increased operating expenses, and uncertainty in the China market present notable concerns. Despite these challenges, the positive aspects, especially in revenue and strategic orders in the industrial segment, suggest a favorable position moving forward.Company Guidance
In the first quarter of fiscal year 2025, Varex Imaging Corporation reported a 5% year-over-year revenue increase, with the medical segment up by 3% and the industrial segment up by 10%. The company's non-GAAP gross margin rose to 35% from 31% in the previous year, benefiting from favorable product sales mix and refunds of German customs duties. Adjusted EBITDA was $24 million, and non-GAAP earnings per share grew to $0.07 from $0.06. Cash generation was strong, with $10 million from operations and a cash balance of $219 million, including $124 million in restricted cash from a senior secured debt offering. The quarter saw significant growth in China sales, up 7% year-over-year, and a notable increase in security inspection product sales within the industrial segment, driven by global demand for security screening. The company also discussed expanded offerings in cargo and security inspection systems, expecting long-term growth in this area. For the second quarter, Varex anticipates revenues between $200 million and $215 million and non-GAAP EPS between $0.05 and $0.20, with a gross margin of 32% to 34%.Revenue Growth Across Segments
Revenue increased by 5% year over year, with the medical segment growing by 3% and the industrial segment by 10%.
Improved Gross Margin
Non-GAAP gross margin increased to 35%, up from 31% in the same quarter last year, aided by product sales mix and productivity gains.
Strong Cash Management
Cash from operations was $10 million for the quarter, with cash, cash equivalents, and marketable securities totaling $219 million, up $6 million from fiscal 2024 year-end.
China Sales Improvement
Sales in China increased by 7% year over year and 12% sequentially, accounting for 18% of total sales.
Security Inspection Orders
Received additional orders from industrial customers valued at approximately $14 million for cargo inspection systems, contributing to long-term growth opportunities.
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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 |
|---|---|---|---|
| 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% |
| May 02, 2024 | $16.43 | $15.59 | -5.11% |
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 May 06, 2025, TBA Not Confirmed.
What is Varex Imaging Corporation (VREX) earnings time?
Varex Imaging Corporation (VREX) earnings time is at May 06, 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 (Q2) is 0.13.
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