Varex Imaging Corp Stock Price, News & Analysis

Varex Imaging (VREX) has announced it will release its unaudited financial results for the first quarter of fiscal year 2025 after market close on Thursday, February 6, 2025. The company will host a conference call at 3:00 pm Mountain Time on the same day.

Investors can access the conference call through multiple channels: via webcast on the company's website, by calling 877-524-8416 from the U.S., or 412-902-1028 from international locations. A replay will be available from February 6th through February 20th, accessible at 877-660-6853 (U.S.) or 201-612-7415 (international) using access code 13751211.

Varex is a leading manufacturer of X-ray imaging components, including X-ray tubes, digital detectors, and image processing solutions, serving medical, industrial, and security imaging markets globally with approximately 2,300 employees across North America, Europe, and Asia.

Varex Imaging (VREX) has announced its upcoming participation in the CJS Securities 25th Annual New Ideas for the New Year Virtual Conference. The company's management team is scheduled to deliver a presentation on Tuesday, January 14, 2025, at 2:20 PM Eastern Time. Interested parties can access the presentation webcast through a provided link or via Varex's official website at vareximaging.com/news.

Varex Imaging (VREX) has successfully closed a private offering of $125 million in 7.875% senior secured notes due 2027. The notes were priced at 101.5% of principal amount, with accrued interest from October 15, 2024. According to CFO Sam Maheshwari, the funds will be used for partial repayment of convertible notes maturing in June 2025 while maintaining revolving credit facility availability. The notes were offered to qualified institutional buyers under Rule 144A and international investors under Regulation S of the Securities Act, and are not registered under the Securities Act or state securities laws.

Varex Imaging (VREX) has priced a private offering of $125 million in 7.875% senior secured notes due October 15, 2027, at 101.5% of principal value. These notes are additional to the existing $243 million outstanding from the initial $300 million issuance in September 2020.

The company plans to use the proceeds to partially repay or repurchase Convertible Notes due June 2025. The offering is expected to close on December 20, 2024. Following the offering, Varex will terminate its $20 million Equipment Credit Agreement. The notes will be guaranteed by domestic and select foreign subsidiaries, secured by first-priority interest in equipment, capital stock, intellectual property, and certain real property.

Varex Imaging (VREX) has announced a private offering of $125 million in 7.875% senior secured notes due October 15, 2027. These notes will be issued as 'Additional Notes' to the existing $300 million notes issued in September 2020, of which $243 million remains outstanding.

The company plans to use the proceeds to partially repay or repurchase its Convertible Notes due June 2025. The notes will be guaranteed by Varex's domestic and certain foreign subsidiaries, secured by first-priority interest in equipment, capital stock, intellectual property, and specific real property, along with second-lien security on inventory, accounts receivables, and other assets.

The offering is exclusively available to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.

Varex Imaging (VREX) has announced its 2025 Annual Meeting of Stockholders will be held virtually on February 13, 2025, at 4:30 pm Mountain Time. Stockholders of record as of December 16, 2024 will be eligible to vote on meeting matters.

The meeting will be conducted in a virtual-only format, with no in-person attendance option. Stockholders will receive detailed information about the meeting and voting procedures in the upcoming proxy materials. The company encourages stockholders to submit their votes and proxies in advance using the methods outlined in the meeting materials.

Varex Imaging (Nasdaq: VREX) has launched two new digital radiography detectors: the LUMEN HD and LUMEN HD Pro. These detectors are designed to address modern healthcare imaging demands with key features including reliability for uninterrupted high-quality imaging, faster image production for improved workflow efficiency, and user-friendly operation with ergonomic design. The LUMEN family offers configurable options to meet specialized healthcare requirements while maintaining cost-effectiveness through competitive pricing and customizable features.

Varex Imaging (VREX) reported Q4 FY24 revenues of $206 million, marking a 10% year-over-year decrease. The Medical segment revenue fell 12% to $144 million, while Industrial revenue declined 4% to $61 million. Q4 GAAP net earnings were $(1.22) per diluted share, with non-GAAP earnings at $0.19. For full FY24, revenues reached $811 million with cash flow from operations of $47 million. The company ended the fiscal year with $213 million in cash and marketable securities. Looking ahead, Q1 FY25 guidance projects revenues between $195-215 million with non-GAAP earnings per share between -$0.05 and $0.10.

Varex Imaging (Nasdaq: VREX) has announced it will release its fourth quarter and fiscal year 2024 unaudited financial results after market close on Tuesday, November 19, 2024. The company will host a conference call at 3:00 pm Mountain Time on the same day. The call will be accessible via webcast on the company's investor relations website and through dial-in numbers for both U.S. and international participants. A replay will be available from November 19th through December 3rd.