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Varex Imaging

Baxter, 3M, Abbott near the top of Newsweek’s most responsible companies list

December 3, 2021 By Sean Whooley

Several medtech, healthcare and life sciences companies, including big names like Abbott (NYSE:ABT), 3M (NYSE:MMM) and Baxter (NYSE:BAX), are among the 500 “most responsible,” according to Newsweek. The outlet published its “America’s Most Responsible Companies 2022” list, marking the third installment of the compilation (in partnership with Statista), this time expanded to include 500 of […]

Filed Under: Business/Financial News, Featured, News Well Tagged With: 3m, Abbott, Amerisource Bergen, Avanos Medical (formerly Halyard Health), Baxter, BD, Biogen, Boston Scientific, Cantel Medical Corp., Cardinal Health, Edwards Lifesciences, Gilead Sciences, Henry Schein, Hillrom, Hologic, Illumina Inc., Insulet, LabCorp, Merck, Pfizer, Quest Diagnostics Inc., ResMed, Thermo Fisher Scientific, Varex Imaging, Varian Medical Systems

Varex shares jump 8% on Street-beating Q2 results

May 5, 2021 By Danielle Kirsh

Varex Imaging (NSDQ:VREX) yesterday posted second-quarter results that beat the overall consensus on Wall Street. The Salt Lake City-based imaging company reported profits of $3.2 million, or 8¢ per share, on sales of $203.5 million for the three months ended April 2, for a sales growth of 3.3% compared with Q2 2020. Adjusted to exclude one-time […]

Filed Under: Imaging, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Varex Imaging

Varex commences $300m offering

September 23, 2020 By Sean Whooley

Varex Imaging (NSDQ:VREX) announced that it commenced a private offering of $300 million in senior secured notes. Proceeds from Salt Lake City-based Varex’s notes, due 2027, are earmarked for the payment in full all amounts outstanding under its existing credit facility, including its term loan and revolving credit facility. Another use for the proceeds is general […]

Filed Under: Business/Financial News, Funding Roundup, Imaging Tagged With: Varex Imaging

Varex slides on missed Q3 projections, cuts workforce by 10%

August 13, 2020 By Sean Whooley

Varex Imaging (NSDQ:VREX) shares took a massive hit today on third-quarter results that came up short of the consensus forecast. VREX shares were down -21% at $12.65 per share in midday trading today. The Salt Lake City-based X-ray imaging component maker posted losses of -$28.2 million, or -73¢ per share, on sales of $137.6 million for […]

Filed Under: Business/Financial News, Featured, Imaging, MassDevice Earnings Roundup, Wall Street Beat Tagged With: coronavirus, COVID-19, Varex Imaging

Varex Imaging prices $175m offering

June 5, 2020 By Sean Whooley

X-ray imaging component maker Varex Imaging (NSDQ:VREX) announced today that it priced a $175 million private offering of convertible senior notes. The 4% convertible senior notes due in 2025 are accompanied by a 13-day option for initial purchasers to buy up to an additional $25 million in notes. Varex expects the offering to close on June […]

Filed Under: Business/Financial News, Funding Roundup, Imaging Tagged With: Varex Imaging

Varex Imaging announces $150m offering

June 4, 2020 By Sean Whooley

Varex Imaging (NSDQ:VREX) announced today that it plans to offer $150 million in a private offering of convertible senior notes due in 2025. Salt Lake City-based Varex expects to grant initial purchasers a 13-day option to purchase up to an additional $22.5 in notes as well, according to a news release. Notes in the offering are […]

Filed Under: Business/Financial News, Funding Roundup, Imaging Tagged With: Varex Imaging

Varex Imaging closes Santa Clara facility

July 15, 2019 By Danielle Kirsh

Varex Imaging (NSDQ:VREX) last week announced that it is closing its Santa Clara, Calif. facility. The closure of the company’s Santa Clara facility is part of an ongoing integration of business acquired from PerkinElmer in May 2017. The Salt Lake City-based company expects operations at the Santa Clara facility to completely stop by the end of […]

Filed Under: Imaging Tagged With: Varex Imaging

Varex slides despite Street-beating Q2

May 8, 2019 By Brad Perriello

Shares in Varex Imaging (NSDQ:VREX) fell today despite the Wall Street-beating fiscal second quarter numbers the X-ray components maker put up yesterday. Salt Lake City-based Varex reported profits of $5.8 million, or 15¢ per share, on sales of $195.8 million for the three months ended March 29, for a bottom-line slide of -52.5% on sales growth […]

Filed Under: Imaging, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Varex Imaging

Varex Imaging closes $73m Direct Conversion buy

April 30, 2019 By Fink Densford

Varex Imaging (NSDQ:VREX) said yesterday that it closed its $72.6 million (EU €64.7 million) acquisition of linear array digital detector maker Direct Conversion. In the deal, Salt Lake City, Utah-based Varex said that it it paid approximately $69.7 million (EU €62.1 million) for approximately 97.4% of Stockholm-based Direct Conversion’s outstanding shares. Varex added that it also […]

Filed Under: Business/Financial News, Imaging, Mergers & Acquisitions, Wall Street Beat Tagged With: Varex Imaging

Varex Imaging to pay $85m for Direct Conversion

March 22, 2019 By Fink Densford

Varex Imaging (NSDQ:VREX) said yesterday it inked a deal to acquire linear array digital detector maker Direct Conversion for $84.6 million (EU €75 million). In the deal, Salt Lake City, Utah-based Varex said that it agreed to acquire at least 90% of the outstanding shares of Stockholm-based Direct Conversion, and that the $84.6 million price tag was […]

Filed Under: Business/Financial News, Imaging, Mergers & Acquisitions Tagged With: Varex Imaging

Varex Imaging shares rise on Street-beating FY2019 Q1 earnings

February 6, 2019 By Fink Densford

Shares in Varex Imaging (NSDQ:VREX) rose today after the medical imaging developer beat expectations on Wall Street with its fiscal year 2019 first quarter earnings. The Salt Lake City, Utah-based company posted profits of $3 million, or 8¢ per share, on sales of $185.7 million for the three months ended December 28, seeing a 73.5% drop […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Varex Imaging

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