Varex Announces Financial Results for Second Quarter Fiscal Year 2021
SALT LAKE CITY–(BUSINESS WIRE)–Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the second quarter of fiscal year 2021.
- 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…