NASDAQ$VREX
Varex Imaging Corp · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Announced financial results for the second quarter of fiscal year 2020.
Varex Imaging Corporation reported Q2 2020 revenues of $197 million, a slight increase from the prior year. The company experienced a shift in mix between business segments, impacting overall margins. Net loss was ($0.05) per diluted share, while adjusted net earnings were $0.12 per diluted share.
- 2Q20 Revenues were $197 million.
- 2Q20 Gross margin was 29%, adjusted gross margin was 32%.
- 2Q20 Operating earnings margin was 1%, adjusted operating earnings margin was 5%.
- 2Q20 Net earnings were ($0.05) per diluted share, adjusted net earnings were $0.12 per diluted share.
Headline financials
Revenue & EPS history
Varex Imaging · Revenue · Quarterly
$197M
Revenue by segment
Varex Imaging · $197M total across 2 segments · Q2 2020
- Medical$155M+4.4%78.9%
- Industrial$41.6M-11.3%21.1%
Forward guidance
Due to the unprecedented nature of the COVID-19 pandemic and its impact on the global economy, Varex Imaging Corporation has withdrawn its previously issued guidance for fiscal year 2020. The company expects the uncertainty to continue for at least the remainder of the current fiscal year.
Headwinds
- Significant uncertainty in demand for certain products for medical and industrial applications.
- Increased variability in its supply chain
- Increased variability in manufacturing productivity.
- Unpredictability of when and how strong a global economic recovery may be.
- Implementing actions to reduce its expenses and cash disbursements
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2020
-4.3%
Avg return
Earnings day
-3.4%
Avg return
5 days after
-3.0%
Avg return
30 days after
37%
15 / 41 earnings
Positive
+22.1%
Q1 2021
Best reaction
-34.7%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -16.9% | -14.9% | — | |
| Q1 2026 | -3.8% | -4.5% | -23.6% | |
| Q4 2025 | -13.7% | -7.1% | +3.6% | |
| Q2 2025 | -20.5% | -13.9% | -2.7% | |
| Q1 2025 | -19.3% | -11.6% | -15.7% | |
| Q4 2024 | +9.2% | +17.8% | +1.8% | |
| Q3 2024 | -12.2% | -21.2% | -15.6% | |
| Q2 2024 | -6.0% | -4.4% | -6.8% | |
| Q1 2024 | -8.4% | -8.4% | -8.6% | |
| Q4 2023 | +3.1% | +1.7% | +12.7% | |
| Q3 2023 | -3.8% | -2.6% | -15.5% | |
| Q2 2023 | +17.6% | +25.5% | +25.6% | |
| Q1 2023 | -10.0% | -7.2% | -14.6% | |
| Q4 2022 | +3.8% | -1.6% | -10.7% | |
| Q3 2022 | +4.1% | -0.6% | -0.3% | |
| Q2 2022 | +11.5% | +11.5% | +15.8% | |
| Q1 2022 | -5.3% | -8.6% | -4.8% | |
| Q4 2021 | +17.1% | +15.0% | +8.7% | |
| Q3 2021 | +1.9% | +7.3% | +10.2% | |
| Q2 2021 | +2.6% | +2.0% | +6.1% | |
| Q1 2021 | +22.1% | +19.3% | +21.0% | |
| Q4 2020 | -3.2% | +1.0% | +16.6% | |
| Q3 2020 | -21.2% | -21.1% | -34.3% | |
| Q2 2020 | -34.7% | -32.9% | -38.3% | |
| Q1 2020 | -5.3% | -5.3% | -25.3% | |
| Q4 2019 | -9.7% | -7.5% | -3.5% | |
| Q3 2019 | -15.8% | -13.3% | -5.0% | |
| Q2 2019 | -9.1% | -8.1% | -16.4% | |
| Q1 2019 | +15.7% | +8.8% | +15.0% | |
| Q4 2018 | -8.3% | -1.8% | -10.8% | |
| Q3 2018 | -25.7% | -25.5% | -17.8% | |
| Q2 2018 | -1.6% | -0.3% | +1.1% | |
| Q1 2018 | -18.5% | -15.9% | -15.8% | |
| Q4 2015 | -1.2% | -0.2% | +7.2% | |
| Q4 2017 | +1.8% | +2.6% | +10.3% | |
| Q3 2016 | +0.8% | -0.2% | +9.4% | |
| Q3 2017 | -8.2% | -5.1% | +1.3% | |
| Q2 2016 | +0.2% | +0.2% | -3.3% | |
| Q2 2017 | +0.7% | +1.2% | +3.0% | |
| Q1 2017 | -2.4% | -5.1% | -0.3% | |
| Q4 2016 | -2.4% | -5.1% | -0.3% | |
| Q1 2016 | — | — | — |
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