May 8, 2021
Business News

Varex Announces Financial Results for Second Quarter Fiscal Year 2021

SALT LAKE CITY–()–Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the second quarter of fiscal year 2021.

2QFY21 Summary

  • Revenues $204 million
  • GAAP gross margin 32% | Non-GAAP gross margin* 35%
  • GAAP operating expense $49 million | Non-GAAP operating expense* $45 million
  • GAAP operating margin 8% | Non-GAAP operating margin* 13%
  • GAAP net earnings $0.08 per diluted share | Non-GAAP net earnings* $0.35 per diluted share

“Financial results for the second quarter of fiscal year 2021 were stronger than our expectations and exceeded pre-COVID revenue levels. Driving this was continued strong global CT tube sales and higher sales of industrial digital…

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