Varex Imaging reports Q4 adjusted EPS 45c, consensus 35c

Reports Q4 revenue $227M, consensus $232.33M. “We are pleased to report another solid quarter. Revenue of $227 million in the fourth quarter of fiscal 2023 was the result of the strong performance in our Industrial segment, offset primarily by lower revenue in China in our Medical segment,” said Sunny Sanyal, Chief Executive Officer of Varex. Sanyal added, “Cash generation remained robust due to solid profitability and a continued focus on inventory management, enabling us to finish the fiscal year with $195 million of cash and marketable securities on the balance sheet.”