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 […]
Varex Imaging
Varex commences $300m offering
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 […]
Varex slides on missed Q3 projections, cuts workforce by 10%
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 […]
Varex Imaging prices $175m offering
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 […]
Varex Imaging announces $150m offering
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 […]
Varex Imaging closes Santa Clara facility
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 […]
Varex slides despite Street-beating Q2
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 […]
Varex Imaging closes $73m Direct Conversion buy
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 […]
Varex Imaging to pay $85m for Direct Conversion
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 […]
Varex Imaging shares rise on Street-beating FY2019 Q1 earnings
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 […]
Varex shares fall on Q4 miss
Shares in Varex Imaging (NSDQ:VREX) fell today after the company missed earnings expectations on Wall Street with its fourth-quarter financial results. The Salt Lake City, Utah-based company posted profits of $200,000, or 1¢ per share, on sales of $204.8 million for the three months ended Sept. 28, for a sales loss of 5% compared with the […]
