VREX Stock - Varex Imaging Corporation
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $844.60M | $811.00M | $893.40M | $859.40M | $818.10M |
| Gross Profit | $290.50M | $256.90M | $290.30M | $283.50M | $271.50M |
| Gross Margin | 34.4% | 31.7% | 32.5% | 33.0% | 33.2% |
| Operating Income | $-27,800,000 | $32.10M | $77.10M | $88.20M | $74.10M |
| Net Income | $-69,900,000 | $-47,700,000 | $48.20M | $30.30M | $17.40M |
| Net Margin | -8.3% | -5.9% | 5.4% | 3.5% | 2.1% |
| EPS | $-1.70 | $-1.17 | $1.20 | $0.76 | $0.44 |
Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys. This segment's products are used in a range of applications, including radiographic and fluoroscopic imaging, mammography, computed tomography, radiation therapy, oncology, CT, cardiac, surgery, dental, computer-aided detection, and other diagnostic radiography uses. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital detectors, and high voltage connectors for use in security and industrial inspection applications, such as airport security, cargo screening at ports and borders, and nondestructive testing and examination in various applications. Varex Imaging Corporation sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. The company has operations in North America, South America, Europe, Russia, the Middle East, India, Africa, Asia, and Australia. Varex Imaging Corporation was founded in 2016 and is based in Salt Lake City, Utah.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 23rd 2024 | B. Riley Securities | Initiation | Buy | $21 |
| October 12th 2022 | Jefferies | Initiation | Hold | $24 |
Earnings History & Surprises
VREXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 5, 2026 | $0.14 | — | — | — |
Q4 2025 | Nov 18, 2025 | $0.18 | $0.37 | +105.6% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $0.04 | $0.18 | +350.0% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $0.14 | $0.26 | +85.7% | ✓ BEAT |
Q1 2025 | Feb 6, 2025 | $0.04 | $0.07 | +75.0% | ✓ BEAT |
Q4 2024 | Nov 19, 2024 | $0.09 | $0.19 | +111.1% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $0.19 | $0.14 | -26.3% | ✗ MISS |
Q2 2024 | May 2, 2024 | $0.23 | $0.16 | -30.4% | ✗ MISS |
Q1 2024 | Feb 6, 2024 | $0.11 | $0.06 | -45.5% | ✗ MISS |
Q4 2023 | Nov 14, 2023 | $0.33 | $0.45 | +36.4% | ✓ BEAT |
Q3 2023 | Aug 1, 2023 | $0.33 | $0.37 | +12.1% | ✓ BEAT |
Q2 2023 | May 2, 2023 | $0.17 | $0.26 | +52.9% | ✓ BEAT |
Q1 2023 | Jan 31, 2023 | $0.11 | $0.08 | -27.3% | ✗ MISS |
Q4 2022 | Nov 15, 2022 | $0.21 | $0.32 | +52.4% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $0.21 | $0.20 | -4.8% | ✗ MISS |
Q2 2022 | May 3, 2022 | $0.23 | $0.37 | +60.9% | ✓ BEAT |
Q1 2022 | Feb 8, 2022 | $0.30 | $0.25 | -16.7% | ✗ MISS |
Q4 2021 | Nov 16, 2021 | $0.38 | $0.45 | +18.4% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $0.27 | $0.40 | +48.1% | ✓ BEAT |
Latest News
Varex Imaging shares are trading lower. The company reported Q4 financial results.
📉 NegativeB. Riley Securities Reiterates Buy on Varex Imaging, Maintains $16 Price Target
📈 PositiveOppenheimer Maintains Outperform on Varex Imaging, Lowers Price Target to $18
➖ NeutralVarex Imaging Non-GAAP EPS of $0.37 beats by $0.19, revenue of $228.9M beats by $9.64M
📈 PositiveVarex Imaging Sees Q1 Adj EPS $0.05-$0.25 vs $0.14 Est; Sees Sales $200.000M-$215.000M vs $205.475M Est
📈 PositiveVarex Imaging Q4 Adj. EPS $0.37 Beats $0.18 Estimate, Sales $228.900M Beat $219.260M Estimate
📈 PositiveFrequently Asked Questions about VREX
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