Varex Imaging Corporation (VREX)

Varex Imaging Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 4, 2025	Sep 27, 2024	Sep 29, 2023	Sep 30, 2022	Oct 1, 2021	Oct 2, 2020
Revenue	821.4	811	893.4	859.4	818.1	738.3
Revenue Growth (YoY)	-1.36%	-9.22%	3.96%	5.05%	10.81%	-5.42%
Cost of Revenue	541.6	554.1	603.1	575.9	546.4	543.9
Gross Profit	279.8	256.9	290.3	283.5	271.7	194.4
Selling, General & Admin	227.5	137.8	128.4	116.5	124.7	132.9
Research & Development	88.8	87	84.8	77	71.9	78.9
Operating Expenses	316.3	224.8	213.2	193.5	196.6	211.8
Operating Income	-36.5	32.1	77.1	90	75.1	-17.4
Interest Expense	-35.2	-30.2	-29.3	-39.8	-42.1	-31.4
Interest & Investment Income	9.3	7.3	3.7	0.4	0.1	0.1
Earnings From Equity Investments	-0.9	-1	-1.4	-3	-3.4	-2.1
Currency Exchange Gain (Loss)	-2.3	-2.3	-1	-1.5	-0.2	-3.7
Other Non Operating Income (Expenses)	-5.2	-3	-1.4	0.2	0.1	-
EBT Excluding Unusual Items	-70.8	2.9	47.7	46.3	29.6	-54.5
Merger & Restructuring Charges	-	-	-	-1.8	-1	-13.5
Gain (Loss) on Sale of Investments	-0.9	-	-16.4	-	-	-2.7
Asset Writedown	-	-	-	-	-	-2.8
Other Unusual Items	0.9	2.1	-	-	-	0.9
Pretax Income	-70.8	5	31.3	44.5	28.6	-72.6
Income Tax Expense	61.2	52.2	-17.4	13.7	10.7	-15.2
Earnings From Continuing Operations	-132	-47.2	48.7	30.8	17.9	-57.4
Minority Interest in Earnings	-0.5	-0.5	-0.5	-0.5	-0.5	-0.5
Net Income	-132.5	-47.7	48.2	30.3	17.4	-57.9
Net Income to Common	-132.5	-47.7	48.2	30.3	17.4	-57.9
Net Income Growth	-	-	59.08%	74.14%	-	-
Shares Outstanding (Basic)	41	41	40	40	39	39
Shares Outstanding (Diluted)	41	41	50	42	40	39
Shares Change (YoY)	-18.72%	-18.89%	20.91%	3.23%	3.87%	0.52%
EPS (Basic)	-3.21	-1.17	1.20	0.76	0.44	-1.49
EPS (Diluted)	-3.22	-1.17	1.08	0.73	0.43	-1.49
EPS Growth	-	-	48.15%	69.77%	-	-
Free Cash Flow	36.4	20.4	87.7	-4.4	77.5	-10.3
Free Cash Flow Per Share	0.88	0.50	1.74	-0.11	1.92	-0.27
Gross Margin	34.06%	31.68%	32.49%	32.99%	33.21%	26.33%
Operating Margin	-4.44%	3.96%	8.63%	10.47%	9.18%	-2.36%
Profit Margin	-16.13%	-5.88%	5.39%	3.53%	2.13%	-7.84%
Free Cash Flow Margin	4.43%	2.51%	9.82%	-0.51%	9.47%	-1.40%
EBITDA	-9.4	63.2	110.3	123.6	112.4	19.2
EBITDA Margin	-1.14%	7.79%	12.35%	14.38%	13.74%	2.60%
D&A For EBITDA	27.1	31.1	33.2	33.6	37.3	36.6
EBIT	-36.5	32.1	77.1	90	75.1	-17.4
EBIT Margin	-4.44%	3.96%	8.63%	10.47%	9.18%	-2.36%
Effective Tax Rate	-	1044.00%	-	30.79%	37.41%	-

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q