Financial Snapshot

Revenue
$811.0M
TTM
Gross Margin
31.64%
TTM
Net Earnings
-$47.70M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
331.75%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$549.2M
Q3 2024
Cash
Q3 2024
P/E
-14.04
Nov 29, 2024 EST
Free Cash Flow
$20.40M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $811.0M $893.4M $859.4M $818.1M $738.3M $780.6M $773.4M $698.1M $620.1M $632.3M $685.2M $669.8M
YoY Change -9.22% 3.96% 5.05% 10.81% -5.42% 0.93% 10.79% 12.58% -1.93% -7.72% 2.3%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $811.0M $893.4M $859.4M $818.1M $738.3M $780.6M $773.4M $698.1M $620.1M $632.3M $685.2M $669.8M
Cost Of Revenue $554.1M $603.1M $575.9M $546.6M $548.1M $523.9M $519.5M $444.6M $371.7M $381.7M $406.6M $401.7M
Gross Profit $256.9M $290.3M $283.5M $271.5M $190.2M $256.7M $253.9M $253.5M $248.4M $250.6M $278.6M $268.1M
Gross Profit Margin 31.68% 32.49% 32.99% 33.19% 25.76% 32.88% 32.83% 36.31% 40.06% 39.63% 40.66% 40.03%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Selling, General & Admin $137.8M $128.4M $118.3M $125.5M $142.2M $128.1M $123.4M $102.5M $85.80M $72.70M $62.60M $61.70M
YoY Change 7.32% 8.54% -5.74% -11.74% 11.01% 3.81% 20.39% 19.46% 18.02% 16.13% 1.46%
% of Gross Profit 53.64% 44.23% 41.73% 46.22% 74.76% 49.9% 48.6% 40.43% 34.54% 29.01% 22.47% 23.01%
Research & Development $87.00M $84.80M $77.00M $71.90M $78.90M $78.10M $83.00M $67.30M $53.50M $50.40M $40.00M $35.90M
YoY Change 2.59% 10.13% 7.09% -8.87% 1.02% -5.9% 23.33% 25.79% 6.15% 26.0% 11.42%
% of Gross Profit 33.87% 29.21% 27.16% 26.48% 41.48% 30.42% 32.69% 26.55% 21.54% 20.11% 14.36% 13.39%
Depreciation & Amortization $21.20M $19.50M $19.00M $20.50M $22.30M $23.50M $26.00M $16.90M $9.800M $9.600M $10.10M $10.10M
YoY Change 8.72% 2.63% -7.32% -8.07% -5.11% -9.62% 53.85% 72.45% 2.08% -4.95% 0.0%
% of Gross Profit 8.25% 6.72% 6.7% 7.55% 11.72% 9.15% 10.24% 6.67% 3.95% 3.83% 3.63% 3.77%
Operating Expenses $224.8M $213.2M $195.3M $197.4M $223.9M $211.0M $209.4M $169.8M $139.3M $123.1M $102.6M $97.60M
YoY Change 5.44% 9.17% -1.06% -11.84% 6.11% 0.76% 23.32% 21.9% 13.16% 19.98% 5.12%
Operating Profit $32.10M $77.10M $88.20M $74.10M -$33.70M $45.70M $44.50M $83.70M $109.1M $127.5M $176.0M $170.5M
YoY Change -58.37% -12.59% 19.03% -319.88% -173.74% 2.7% -46.83% -23.28% -14.43% -27.56% 3.23%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Interest Expense -$26.20M $29.30M $39.80M $42.10M $31.40M $21.10M $21.70M $12.30M $1.900M $1.200M -$1.800M $2.500M
YoY Change -189.42% -26.38% -5.46% 34.08% 48.82% -2.76% 76.42% 547.37% 58.33% -166.67% -172.0%
% of Operating Profit -81.62% 38.0% 45.12% 56.82% 46.17% 48.76% 14.7% 1.74% 0.94% -1.02% 1.47%
Other Income/Expense, Net -$27.10M -$45.80M -$43.70M -$45.50M -$38.90M -$24.20M -$18.80M -$8.900M -$4.100M $100.0K
YoY Change -40.83% 4.81% -3.96% 16.97% 60.74% 28.72% 111.24% 117.07% -4200.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Pretax Income $5.000M $31.30M $44.50M $28.60M -$72.60M $21.50M $25.70M $74.80M $105.0M $127.6M $174.2M $171.3M
YoY Change -84.03% -29.66% 55.59% -139.39% -437.67% -16.34% -65.64% -28.76% -17.71% -26.75% 1.69%
Income Tax $52.20M -$17.40M $13.70M $10.70M -$15.20M $5.700M -$2.600M $22.80M $36.00M $46.80M $64.10M $61.70M
% Of Pretax Income 1044.0% -55.59% 30.79% 37.41% 26.51% -10.12% 30.48% 34.29% 36.68% 36.8% 36.02%
Net Earnings -$47.70M $48.20M $30.30M $17.40M -$57.90M $15.50M $27.50M $51.60M $68.50M $80.00M $110.1M $109.6M
YoY Change -198.96% 59.08% 74.14% -130.05% -473.55% -43.64% -46.71% -24.67% -14.38% -27.34% 0.46%
Net Earnings / Revenue -5.88% 5.4% 3.53% 2.13% -7.84% 1.99% 3.56% 7.39% 11.05% 12.65% 16.07% 16.36%
Basic Earnings Per Share -$1.17 $1.20 $0.76 $0.44 -$1.49 $0.41 $0.73 $1.37 $1.83 $2.14
Diluted Earnings Per Share -$1.17 $1.08 $0.73 $0.43 -$1.49 $0.40 $0.72 $1.36 $1.82 $2.12 $2.944M $2.930M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Cash & Short-Term Investments $200.5M $192.6M $89.40M $144.6M $100.6M $29.90M $51.90M $83.30M $36.50M $20.60M $500.0K
YoY Change 4.1% 115.44% -38.17% 43.74% 236.45% -42.39% -37.7% 128.22% 77.18% 4020.0%
Cash & Equivalents $168.7M $152.6M $89.40M $144.6M $100.6M $29.90M $51.90M $83.30M $36.50M $20.60M $500.0K
Short-Term Investments $31.80M $40.00M $14.50M
Other Short-Term Assets $26.90M $24.60M $44.00M $29.50M $25.70M $19.30M $17.10M $13.90M $3.800M $2.800M $1.800M
YoY Change 9.35% -44.09% 49.15% 14.79% 33.16% 12.87% 23.02% 265.79% 35.71% 55.56%
Inventory $264.8M $277.5M $303.2M $224.8M $271.9M $248.2M $235.1M $234.5M $197.4M $174.9M $139.6M
Prepaid Expenses
Receivables $157.7M $163.6M $173.3M $155.3M $123.8M $141.0M $154.0M $163.6M $122.2M $117.8M $128.7M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $649.9M $658.3M $609.9M $554.2M $522.0M $438.4M $458.1M $495.3M $359.9M $316.1M $270.6M
YoY Change -1.28% 7.94% 10.05% 6.17% 19.07% -4.3% -7.51% 37.62% 13.86% 16.81%
Property, Plant & Equipment $181.7M $172.6M $164.5M $164.5M $172.9M $142.3M $144.9M $148.3M $108.9M $96.20M $63.00M
YoY Change 5.27% 4.92% 0.0% -4.86% 21.5% -1.79% -2.29% 36.18% 13.2% 52.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $26.80M $29.00M $46.40M $49.30M $51.30M $53.60M $51.00M $52.30M $49.30M $58.70M $49.70M
YoY Change -7.59% -37.5% -5.88% -3.9% -4.29% 5.1% -2.49% 6.09% -16.01% 18.11%
Other Assets $51.50M $78.80M $45.50M $36.60M $32.70M $27.50M $16.50M $11.00M $8.900M $13.90M $9.100M
YoY Change -34.64% 73.19% 24.32% 11.93% 18.91% 66.67% 50.0% 23.6% -35.97% 52.75%
Total Long-Term Assets $567.1M $591.3M $574.5M $593.3M $617.5M $600.5M $529.8M $544.8M $262.5M $267.5M $162.5M
YoY Change -4.09% 2.92% -3.17% -3.92% 2.83% 13.34% -2.75% 107.54% -1.87% 64.62%
Total Assets $1.217B $1.250B $1.184B $1.148B $1.140B $1.039B $987.9M $1.040B $622.4M $583.6M $433.1M
YoY Change
Accounts Payable $59.10M $64.70M $78.20M $58.80M $72.90M $58.20M $66.30M $58.90M $41.90M $49.70M $41.80M
YoY Change -8.66% -17.26% 32.99% -19.34% 25.26% -12.22% 12.56% 40.57% -15.69% 18.9%
Accrued Expenses $64.00M $65.90M $85.40M $95.70M $76.40M $65.00M $47.50M $49.20M $23.70M $18.40M $23.10M
YoY Change -2.88% -22.83% -10.76% 25.26% 17.54% 36.84% -3.46% 107.59% 28.8% -20.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $46.70M $1.600M $2.100M $3.000M $2.700M $30.70M $25.00M $20.00M
YoY Change 2818.75% -23.81% -30.0% 11.11% -91.21% 22.8% 25.0%
Total Short-Term Liabilities $195.9M $162.8M $173.1M $166.6M $160.6M $175.1M $152.0M $151.8M $77.80M $78.60M $68.80M
YoY Change 20.33% -5.95% 3.9% 3.74% -8.28% 15.2% 0.13% 95.12% -1.02% 14.24%
Long-Term Debt $403.0M $441.3M $412.3M $432.0M $453.2M $364.4M $364.8M $463.9M $0.00 $0.00 $0.00
YoY Change -8.68% 7.03% -4.56% -4.68% 24.37% -0.11% -21.36%
Other Long-Term Liabilities $67.50M $64.50M $51.80M $50.20M $57.60M $32.50M $8.500M $4.700M $5.300M $5.600M $5.000M
YoY Change 4.65% 24.52% 3.19% -12.85% 77.23% 282.35% 80.85% -11.32% -5.36% 12.0%
Total Long-Term Liabilities $470.5M $505.8M $464.1M $482.2M $510.8M $396.9M $373.3M $468.6M $5.300M $5.600M $5.000M
YoY Change -6.98% 8.99% -3.75% -5.6% 28.7% 6.32% -20.34% 8741.51% -5.36% 12.0%
Total Liabilities $681.9M $681.9M $651.0M $664.2M $687.8M $594.0M $561.7M $661.1M $96.40M $99.00M $73.80M
YoY Change 0.0% 4.75% -1.99% -3.43% 15.79% 5.75% -15.04% 585.79% -2.63% 34.15%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $669.52 Million

About Varex Imaging Corp

Varex Imaging Corp. engages in the design, manufacture, and sale of imaging components. The company is headquartered in Salt Lake City, Utah. The company went IPO on 2017-01-20. The firm 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.

Industry: Electronic Components, NEC Peers: ABBOTT LABORATORIES Alphatec Holdings, Inc. CUTERA INC ANGIODYNAMICS INC Butterfly Network, Inc. Cryoport, Inc. HESKA CORP LEMAITRE VASCULAR INC