Varex Imaging Corp (OQ:VREX)

Business Focus: Medical Diagnostic & Testing Equipment

Sector:  Healthcare Industry:  Advanced Medical Equipment & Technology
 
See Regulatory Filings on SEC
Company Contact
Address: 1678 S Pioneer Rd
SALT LAKE CITY UT 84104-4205
Tel: 1-801-9731566
Website: https://www.vareximaging.com
IR: See website
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Key People
Sunny S. Sanyal
President, Chief Executive Officer, Director
Shubham Maheshwari
Chief Financial Officer
Kimberley E. Honeysett
Senior Vice President, Chief Legal Officer, General Counsel, Corporate Secretary
Andrew Hartmann
Senior Vice President, General Manager - Detectors
Mark S. Jonaitis
Senior Vice President, General Manager - X-Ray Sources
 
Business Overview
Varex Imaging Corporation is a designer and manufacturer of X-ray tubes, digital detectors and other image processing solutions. The Company operates through two segments: Medical and Industrial. The Medical segment designs, manufactures, sells and services X-ray imaging components, including X-ray tubes, digital detectors, ionization chambers and buckys, high voltage connectors, image-processing software and workstations, three-dimensional (3D) reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers. These components are used in a range of medical imaging applications. The Industrial segment designs, develops, manufactures, sells and services X-ray imaging products for use in a number of markets, including security applications for cargo screening at ports and borders and baggage screening at airports, and nondestructive testing, irradiation and inspection applications used in various other markets.
Financial Overview
For the 26 weeks ended 29 March 2024, Varex Imaging Corp revenues decreased 9% to $396.2M. Net income decreased 88% to $900K. Revenues reflect Medical segment decrease of 14% to $288.7M, APAC segment decrease of 19% to $127.9M, United States segment decrease of 11% to $124.7M. Net income also reflects Selling, General & Administrative increase of 4% to $62.8M (expense), Stock-based Compensation in SGA increase of 28% to $5.1M (expense).
Employees: 2,300 as of Mar 29, 2024
Reporting Currency: U.S. Dollars
Enterprise value: $888.75M as of Mar 29, 2024
Annual revenue (TTM): $877.80M as of Mar 29, 2024
EBITDA (TTM): $102.20M as of Mar 29, 2024
Net annual income (TTM): $44.60M as of Mar 29, 2024
Free cash flow (TTM): $96.80M as of Mar 29, 2024
Net Debt Last Fiscal Year: $255.80M as of Mar 29, 2024
Shares outstanding: 40,900,000 as of Apr 25, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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