Varex Imaging Corp

For the period ended Jun 28, 2024. Filed Aug 1, 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.

Jun 28, 2024 · Filed Aug 1, 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		Nine Months Ended
(In millions, except per share amounts)	June 28, 2024	June 30, 2023	June 28, 2024	June 30, 2023
Revenues, net	$209.1	$232.2	$605.3	$666.0
Cost of revenues	142.2	155.9	415.5	453.7
Gross profit	66.9	76.3	189.8	212.3
Operating expenses:
Research and development	22.0	20.0	65.1	63.0
Selling, general, and administrative	35.6	32.1	103.5	96.5
Total operating expenses	57.6	52.1	168.6	159.5
Operating income	9.3	24.2	21.2	52.8
Interest income	1.8	0.9	5.5	2.1
Interest expense	(7.4)	(7.3)	(22.6)	(22.1)
Other expense, net	(2.9)	(0.7)	(1.6)	(2.5)
Interest and other expense, net	(8.5)	(7.1)	(18.7)	(22.5)
Income before taxes	0.8	17.1	2.5	30.3
Income tax (benefit) expense	(0.7)	7.9	(0.2)	13.6
Net income	1.5	9.2	2.7	16.7
Less: Net income attributable to noncontrolling interests	0.1	0.1	0.4	0.4
Net income attributable to Varex	$1.4	$9.1	$2.3	$16.3
Net income per common share attributable to Varex
Basic	$0.03	$0.23	$0.06	$0.41
Diluted	$0.03	$0.21	$0.06	$0.40
Weighted average common shares outstanding
Basic	40.9	40.4	40.7	40.2
Diluted	41.2	50.4	41.2	40.6

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.