Welcome to our dedicated page for Varex Imaging news (Ticker: VREX), a resource for investors and traders seeking the latest updates and insights on Varex Imaging stock.
Varex Imaging Corporation (NASDAQ: VREX) is a designer and manufacturer of X-ray imaging components and systems used in medical, industrial, and security applications. The VREX news page on Stock Titan aggregates company announcements, earnings releases, conference presentations, and product-related updates so readers can follow how the business is evolving over time.
Recent news for Varex has focused on quarterly and annual financial results, including detailed segment reporting for its Medical and Industrial businesses, as well as reconciliations between GAAP and non-GAAP financial measures. Earnings releases typically discuss revenue trends in medical X-ray components, demand in industrial imaging, and developments affecting specific markets such as China. Management commentary often highlights factors such as segment performance, margins, cash flow from operations, and capital structure items like convertible notes and senior secured notes.
In addition to financial results, Varex issues news about orders and deployments of its high-energy non-intrusive cargo and vehicle inspection systems. These announcements describe international customers placing systems at strategic sea and land ports and reference the company’s reputation in high-energy Linear Accelerator based imaging. The news flow also includes updates on investor conference appearances, where management presents at events hosted by firms such as CJS Securities, Sidoti, and Jefferies.
Visitors to the VREX news page can use this stream of press releases and updates to monitor trends in medical imaging components, industrial and security imaging systems, cargo inspection orders, and corporate developments. Bookmarking the page allows investors and observers to review new announcements alongside prior releases for context on Varex Imaging Corporation’s ongoing disclosures.
Varex Imaging Corporation (Nasdaq: VREX) will present its advanced X-ray technologies at the RSNA 2020, taking place virtually from November 29 to December 5, 2020. Key highlights include intro of nanotube-based X-ray tubes and Liquid Metal Bearing (LMB) X-ray tubes, enhancing efficiency and lifespan. Additionally, Varex will showcase photon counting digital detectors and the Z Platform digital detector, promising improved imaging capabilities. A virtual booth featuring 3D models and product videos will also be launched to engage participants.
Varex Imaging Corporation (Nasdaq: VREX) reported its unaudited financial results for Q4 and fiscal year 2020. Q4 revenues reached $170 million, with a GAAP gross margin of 27% and a net loss of $0.66 per diluted share. For the full year, revenues totaled $738 million, with a GAAP gross margin of 26% and a net loss of $1.47 per diluted share. Despite a decline in sales for some products, Varex noted improved margins due to cost reduction actions. The company expects Q1 FY2021 revenue guidance between $160 million and $180 million.
Varex Imaging Corporation (Nasdaq: VREX) will announce its unaudited financial results for Q4 and fiscal year 2020 on November 17, 2020, post-market close. A conference call will follow at 3:00 PM MT, accessible via the company’s website or by phone. Varex specializes in X-ray imaging components, offering products like X-ray tubes and digital detectors used in medical and security applications, with a workforce of about 2,000 employees worldwide.
Varex Imaging Corporation (Nasdaq: VREX) has completed a private offering of $300 million in 7.875% senior secured notes due 2027 at face value. In conjunction with this, Varex secured a $100 million asset-based revolving credit facility. The funds from the notes will be used to pay off the previous credit facility, alleviating concerns about the company's financial viability. The remaining proceeds will enhance cash reserves for general corporate purposes. This strategic move aims to strengthen Varex's financial position and support its ongoing operations.
Varex Imaging Corporation (Nasdaq: VREX) has priced a private offering of $300 million in senior secured notes due 2027, with a yield of 7.875%. The net proceeds will be used to repay existing credit facility obligations and for general corporate purposes. The offering is set to close on September 30, 2020, and is accompanied by a potential $100 million asset-based revolving credit facility, though its effectiveness is uncertain. The notes will be secured by various assets, and are being offered under regulations that limit their resale.