Trade Varex Imaging Corp - VREX CFD

Varex Imaging Company profile

About Varex Imaging Corp

Varex Imaging Corporation is a designer and manufacturer of X-ray tubes, digital detectors, linear accelerators and other image software processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect. The Medical business segment designs, manufactures, sells and services X-ray imaging components for use in a range of applications, including radiographic or fluoroscopic imaging, mammography, special procedures, computed tomography, radiation therapy and computer-aided detection. The Industrial business segment designs, manufactures, sells and services products for use in security and industrial inspection applications, such as cargo screening at ports and borders and non-destructive examination in a range of applications.

Financial summary

BRIEF: For the 13 weeks ended 31 December 2021, Varex Imaging Corp revenues increased 12% to $198.8M. Net income totaled $1.4M vs. loss of $6.4M. Revenues reflect Medical segment increase of 12% to $155.7M, Industrial segment increase of 14% to $43.1M, APAC segment increase of 25% to $70.9M, EMEA segment increase of 16% to $67.4M. Net Income reflects Selling, General & Administrative decrease of 8% to $29.1M (expense).