Q2 2025 Varex Imaging Corp Earnings Call Transcript

May 8, 2025 / 09:00 PM GMT

Release Date Price: €7.15 (-0.69%)

Transcript 10-Q8-K

Key Points

Positve

Varex Imaging Corp (VREX) reported strong demand in both medical and industrial segments, resulting in revenue near the high end of expectations.
Gross margin improved to 36%, up from 33% in the same quarter last year, driven by improved volume, favorable product sales mix, and productivity gains.
Cash generation was robust, with $17 million from operations, reflecting improved profitability and solid working capital management.
The company ended the quarter with $226 million in cash equivalents and marketable securities, an increase of $36 million year over year.
Varex Imaging Corp (VREX) secured a new $25 million order for cargo inspection systems, indicating strong demand in the industrial segment.

Negative

The company faces a potential $20 million sales impact in the third quarter due to tariffs imposed by China on US products.
Tariffs on raw materials and components sourced globally range from 10% to 145%, impacting cost of goods sold.
The ongoing tariff situation with China has led to a pause in purchases by some China-based customers, affecting sales.
The company anticipates a 150 to 200 basis point impact on gross margins due to tariffs, despite mitigation efforts.
Varex Imaging Corp (VREX) is facing investigations by the China Ministry of Commerce regarding the impact of imports on the domestic industry and alleged dumping of products.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VREX.OQ - Varex Imaging Corp
Q2 2025 Varex Imaging Corp Earnings Call
May 08, 2025 / 09:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Greetings and welcome to the Verix Q2 fiscal year 2025 call.

At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press 0 on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce you to your host Chris Belfour, director of investor relations.

Thank you, Chris. You may begin.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Good afternoon and welcome to Verricks Imaging

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.