Filing Flows › Varex Imaging (VREX) › Q4 FY24
Varex Imaging (VREX) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 19, 2024
Varex Imaging (VREX) reported revenue of $206M for the fourth quarter fiscal 2024 (Q4 FY24), -10% from a year earlier and -2% from the quarter before. Operating margin was 5.3%, net loss $51.0M (24.8% of revenue).
Varex Imaging, Q4 FY24: revenue $206M (-10% year over year), operating margin 5.3%, net loss $51.0M, operating cash flow $25.9M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $206M | -2% | -10% |
| Operating profit | $10.9M | — | — |
| Net earnings | −$51.0M | — | — |
| Operating cash flow | $25.9M | +224% | -45% |
| Free cash flow | $19.9M | +503% | -52% |
What changed
Revenue was $205.7M in Q4 FY24, down 10% year over year and down 2% from the previous quarter.
Gross margin was 32.6%, down 1.7 points from a year earlier. Operating profit was $10.9M, a 5.3% margin (down 5.4 points year over year). Operating expenses grew 5% against a revenue fall of 10%. The quarter ended with a net loss of $51.0M, after a profit of $1.5M the previous quarter.
Operating cash flow was $25.9M (down 45% year over year). Non-cash charges added back $6.6M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $66.8M. Capital expenditures of $6.0M left free cash flow of $19.9M.
Questions
What was Varex Imaging's revenue in the fourth quarter fiscal 2024?
Varex Imaging (VREX) reported revenue of $206M for the fourth quarter fiscal 2024 (Q4 FY24), -10% from a year earlier and -2% from the quarter before.
Was Varex Imaging profitable in the fourth quarter fiscal 2024?
Operating profit was $10.9M (5.3% of revenue) and net loss $51.0M.
Source: Varex Imaging 10-K on SEC EDGAR.