Varex Imaging Income Statement

Financials in millions USD. Fiscal year is November - October.

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 3, 2025	Sep '24 Sep 27, 2024	Sep '23 Sep 29, 2023	Sep '22 Sep 30, 2022	Oct '21 Oct 1, 2021
Revenue	844.6	811	893.4	859.4	818.1
Revenue Growth (YoY)	4.14%	-9.22%	3.96%	5.05%	10.81%
Cost of Revenue	554.1	554.1	603.1	575.9	546.4
Gross Profit	290.5	256.9	290.3	283.5	271.7
Selling, General & Admin	133.3	137.8	128.4	116.5	124.7
Research & Development	91.1	87	84.8	77	71.9
Operating Expenses	224.4	224.8	213.2	193.5	196.6
Operating Income	66.1	32.1	77.1	90	75.1
Interest Expense	-35.5	-30.2	-29.3	-39.8	-42.1
Interest & Investment Income	8.5	7.3	3.7	0.4	0.1
Earnings From Equity Investments	-2.3	-1	-1.4	-3	-3.4
Currency Exchange Gain (Loss)	-3	-2.3	-1	-1.5	-0.2
Other Non Operating Income (Expenses)	0.9	-3	-1.4	0.2	0.1
EBT Excluding Unusual Items	34.7	2.9	47.7	46.3	29.6
Merger & Restructuring Charges	-	-	-	-1.8	-1
Impairment of Goodwill	-93.9	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-16.4	-	-
Other Unusual Items	-	2.1	-	-	-
Pretax Income	-59.2	5	31.3	44.5	28.6
Income Tax Expense	10.7	53.3	-16.6	13.7	10.7
Earnings From Continuing Operations	-69.9	-48.3	47.9	30.8	17.9
Minority Interest in Earnings	-0.4	-0.5	-0.5	-0.5	-0.5
Net Income	-70.3	-48.8	47.4	30.3	17.4
Net Income to Common	-70.3	-48.8	47.4	30.3	17.4
Net Income Growth	-	-	56.44%	74.14%	-
Shares Outstanding (Basic)	41	41	40	40	39
Shares Outstanding (Diluted)	41	41	50	42	40
Shares Change (YoY)	1.47%	-18.89%	20.91%	3.23%	3.87%
EPS (Basic)	-1.70	-1.20	1.18	0.76	0.44
EPS (Diluted)	-1.70	-1.20	1.07	0.73	0.43
EPS Growth	-	-	45.97%	69.77%	-
Free Cash Flow	18.8	20.4	87.7	-4.4	77.5
Free Cash Flow Per Share	0.45	0.50	1.74	-0.11	1.92
Gross Margin	34.39%	31.68%	32.49%	32.99%	33.21%
Operating Margin	7.83%	3.96%	8.63%	10.47%	9.18%
Profit Margin	-8.32%	-6.02%	5.31%	3.53%	2.13%
Free Cash Flow Margin	2.23%	2.51%	9.82%	-0.51%	9.47%
EBITDA	93.3	63.2	110.3	123.6	112.4
EBITDA Margin	11.05%	7.79%	12.35%	14.38%	13.74%
D&A For EBITDA	27.2	31.1	33.2	33.6	37.3
EBIT	66.1	32.1	77.1	90	75.1
EBIT Margin	7.83%	3.96%	8.63%	10.47%	9.18%
Effective Tax Rate	-	1066.00%	-	30.79%	37.41%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.