Varex Imaging Past Earnings Performance
Past criteria checks 4/6
Varex Imaging has been growing earnings at an average annual rate of 32.7%, while the Medical Equipment industry saw earnings growing at 2% annually. Revenues have been growing at an average rate of 3.4% per year. Varex Imaging's return on equity is 7.7%, and it has net margins of 5.1%.
Key information
32.7%
Earnings growth rate
31.9%
EPS growth rate
| Medical Equipment Industry Growth | 4.3% |
| Revenue growth rate | 3.4% |
| Return on equity | 7.7% |
| Net Margin | 5.1% |
| Last Earnings Update | 29 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Varex Imaging makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 29 Dec 23 | 878 | 45 | 131 | 85 |
| 29 Sep 23 | 893 | 48 | 128 | 85 |
| 30 Jun 23 | 897 | 29 | 128 | 83 |
| 31 Mar 23 | 880 | 29 | 126 | 83 |
| 30 Dec 22 | 866 | 32 | 116 | 79 |
| 30 Sep 22 | 859 | 30 | 117 | 77 |
| 01 Jul 22 | 854 | 26 | 116 | 75 |
| 01 Apr 22 | 851 | 30 | 115 | 74 |
| 31 Dec 21 | 840 | 25 | 122 | 73 |
| 01 Oct 21 | 818 | 17 | 125 | 72 |
| 02 Jul 21 | 762 | -18 | 127 | 71 |
| 02 Apr 21 | 722 | -58 | 129 | 71 |
| 01 Jan 21 | 715 | -63 | 133 | 74 |
| 02 Oct 20 | 738 | -58 | 133 | 79 |
| 03 Jul 20 | 771 | -23 | 131 | 81 |
| 03 Apr 20 | 796 | 4 | 131 | 83 |
| 03 Jan 20 | 795 | 11 | 126 | 81 |
| 27 Sep 19 | 781 | 16 | 122 | 78 |
| 28 Jun 19 | 783 | 7 | 116 | 79 |
| 29 Mar 19 | 778 | 13 | 117 | 79 |
| 28 Dec 18 | 783 | 19 | 119 | 82 |
| 28 Sep 18 | 773 | 28 | 123 | 83 |
| 29 Jun 18 | 784 | 42 | 116 | 84 |
| 30 Mar 18 | 763 | 49 | 110 | 81 |
| 29 Dec 17 | 717 | 52 | 99 | 74 |
| 29 Sep 17 | 698 | 52 | 103 | 67 |
| 30 Jun 17 | 655 | 59 | 96 | 59 |
| 31 Mar 17 | 636 | 66 | 90 | 56 |
| 30 Dec 16 | 631 | 66 | 91 | 54 |
| 30 Sep 16 | 620 | 69 | 86 | 54 |
| 01 Jul 16 | 608 | 62 | 80 | 55 |
| 02 Oct 15 | 632 | 80 | 73 | 50 |
| 26 Sep 14 | 685 | 110 | 63 | 40 |
| 27 Sep 13 | 670 | 110 | 62 | 36 |
Quality Earnings: VI4 has a large one-off loss of $14.3M impacting its last 12 months of financial results to 29th December, 2023.
Growing Profit Margin: VI4's current net profit margins (5.1%) are higher than last year (3.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VI4's earnings have grown significantly by 32.7% per year over the past 5 years.
Accelerating Growth: VI4's earnings growth over the past year (39.5%) exceeds its 5-year average (32.7% per year).
Earnings vs Industry: VI4 earnings growth over the past year (39.5%) exceeded the Medical Equipment industry -9.8%.
Return on Equity
High ROE: VI4's Return on Equity (7.7%) is considered low.