Varex Announces Strong Financial Results for Second Quarter Fiscal Year 2023

SALT LAKE CITY--(BUSINESS WIRE)--Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the second quarter of fiscal year 2023.

“Reconciliation between GAAP and non-GAAP Financial Measures”

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2QFY23 Summary

• Revenues $228 million
• GAAP gross margin 32% | Non-GAAP gross margin* 33%
• GAAP operating margin 7% | Non-GAAP operating margin* 10%
• GAAP net earnings $0.10 per diluted share | Non-GAAP net earnings* $0.26 per diluted share
• Cash flow from operations $27 million

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