Varex Imaging Corp

For the period ended Mar 29, 2024. Filed May 2, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 29, 2024 · Filed May 2, 2024

VREX$18.450.0%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

	Three Months Ended		Six Months Ended
(In millions, except per share amounts)	March 29, 2024	March 31, 2023	March 29, 2024	March 31, 2023
Revenues, net	$206.2	$228.2	$396.2	$433.8
Cost of revenues	140.4	155.5	273.3	297.8
Gross profit	65.8	72.7	122.9	136.0
Operating expenses:
Research and development	22.6	23.0	43.1	43.0
Selling, general, and administrative	35.5	34.1	67.9	64.4
Total operating expenses	58.1	57.1	111.0	107.4
Operating income	7.7	15.6	11.9	28.6
Interest income	1.8	0.7	3.7	1.2
Interest expense	(7.9)	(7.3)	(15.2)	(14.8)
Other income (expense), net	0.7	(1.2)	1.3	(1.8)
Interest and other expense, net	(5.4)	(7.8)	(10.2)	(15.4)
Income before taxes	2.3	7.8	1.7	13.2
Income tax expense	0.7	3.5	0.5	5.7
Net income	1.6	4.3	1.2	7.5
Less: Net income attributable to noncontrolling interests	0.2	0.2	0.3	0.3
Net income attributable to Varex	$1.4	$4.1	$0.9	$7.2
Net income per common share attributable to Varex
Basic	$0.03	$0.10	$0.02	$0.18
Diluted	$0.03	$0.10	$0.02	$0.18
Weighted average common shares outstanding
Basic	40.7	40.2	40.6	40.2
Diluted	41.2	40.5	41.1	40.5

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.