Filing Flows › Varex Imaging (VREX) › Q2 FY25
Varex Imaging (VREX) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 8, 2025
Varex Imaging (VREX) reported revenue of $213M for the second quarter fiscal 2025 (Q2 FY25), +3% from a year earlier and +7% from the quarter before. Operating margin was 10.4%, net earnings $6.9M (3.2% of revenue).
Varex Imaging, Q2 FY25: revenue $213M (+3% year over year), operating margin 10.4%, net earnings $6.9M, operating cash flow $16.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $213M | +7% | +3% |
| Gross profit | $76.7M | +12% | +17% |
| Operating profit | $22.1M | +97% | +187% |
| Net earnings | $6.9M | — | +393% |
| Operating cash flow | $16.6M | +75% | +435% |
| Free cash flow | $9.8M | +85% | — |
What changed
Revenue was $212.9M in Q2 FY25, up 3% year over year and up 7% from the previous quarter. Medical was the largest line at 72% of revenue. Medical added $5.0M year over year (up 3%), 75% of the total change.
Gross margin was 36.0%, up 4.1 points from a year earlier. Operating profit was $22.1M, a 10.4% margin (up 6.6 points year over year). Of the extra revenue versus a year earlier, 215% reached operating profit, above the 4% margin then. Operating expenses fell 6% while revenue rose 3%. Net earnings were $6.9M, up 393% year over year. The effective tax rate was 34.3%.
Operating cash flow was $16.6M (up 435% year over year), 234% of net income including minority interests. Non-cash charges added back $6.6M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $900K. Capital expenditures of $6.8M left free cash flow of $9.8M.
Questions
What was Varex Imaging's revenue in the second quarter fiscal 2025?
Varex Imaging (VREX) reported revenue of $213M for the second quarter fiscal 2025 (Q2 FY25), +3% from a year earlier and +7% from the quarter before.
Was Varex Imaging profitable in the second quarter fiscal 2025?
Operating profit was $22.1M (10.4% of revenue) and net earnings $6.9M.
Source: Varex Imaging 10-Q on SEC EDGAR.