Varex Imaging CorpVREX

NasdaqTechnologyElectronic Components, NEC
Price (close)
$18.47
Market cap
$778.5M
P/E
35.2x
Revenue (TTM)
$865.0M
Net income
$22.1M
Dividend yield
—
1-year total return
54.4%
Net margin
2.6%
Revenue growth
5.3%
Debt / equity
0.70x

What Varex Imaging Corp does.

Varex Imaging Corporation is a leading innovator, designer and manufacturer of X-ray imaging components including X-ray tubes, flat panel and photon counting detectors and accessories, linear accelerators, image software processing solutions, and stand-alone X-ray based systems in select application areas. Our components are used in medical diagnostic imaging, security inspection systems, and industrial quality inspection systems, as well as for analysis and measurement applications in industrial manufacturing applications. Global OEMs incorporate our X-ray imaging components into their systems to detect, diagnose, protect, irradiate, and inspect. Varex has approximately 2,400 full-time equivalent employees, located at engineering, manufacturing, and service center sites in North America, Europe, and Asia.

Our products are sold in three geographic regions: the Americas, EMEA, and APAC. The Americas includes North America (primarily the United States) and Latin America. EMEA includes Europe, the Middle East, India, and Africa. APAC includes Asia (other than India) and Australia. Revenues by region are based on the known final destination of products sold.

Our success depends, among other things, on our ability to anticipate and respond to changes in our business, the direction of technological innovation, and the demand from our customers. We continually invest in research and development and employ approximately 400 individuals in product development related activities. Our focus on innovation and product performance along with strong and long-term customer relationships allows us to collaborate with our customers to deliver industry-leading X-ray imaging products. We continue to work to improve the life and quality of our imaging components and leverage our scale as one of the largest independent X-ray imaging component suppliers to provide cost-effective solutions for our customers.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$738.3M$818.1M$859.4M$893.4M$811.0M$844.6M
Net income-$57.9M$17.4M$30.3M$47.4M-$48.8M-$70.3M
Free cash flow-$10.3M$77.5M-$4.4M$87.7M$20.4M$18.8M

More on VREX.

Figures from Varex Imaging Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.