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 […]
Varex shares plunge on Q3 miss
Shares in Varex Imaging (NSDQ:VREX) have fallen nearly 25% today after the medical imaging device maker missed expectations on Wall Street with its third quarter fiscal year 2018 earnings results. The Salt Lake City, Utah-based company posted profits of $3.8 million, or 10¢ per share, on sales of $191.2 million for the three months ended June […]
Varex meets The Street with fiscal Q2 earnings
Varex Imaging (NSDQ:VREX) yesterday met the consensus forecast with its fiscal second-quarter results, powered by a 30% top-line surge, sending share prices up today. The Salt Lake City-basedX-ray imaging components maker posted profits of $12.2 million, or 32¢ per share, on sales of $201.2 million for the three months ended March 30, for a bottom-line slide […]
Zimmer Biomet picks ex-Covidien exec Lannum for IR chief | Personnel Moves – March 20, 2018
Zimmer Biomet (NYSE:ZBH) said yesterday it tapped former Covidien investor relations head Coleman Lannum as its investor relations senior VP, reporting directly to prez & CEO Bryan Hanson. Lannum has more than 15 years in investor relations, having held positions with Mallinckrodt Pharmaceuticals (NYSE:MNK), Covidien and Tyco Healthcare. During his time with Covidien, Lannum oversaw the company’s initial […]
Varex Imaging slides on Q3 miss
Shares in Varex Imaging (NSDQ:VREX) fell today after the medical device maker missed expectations on Wall Street with its 3rd quarter earnings results. The Salt Lake City, Utah-based company posted profits of $10.6 million, or 28¢ per share, on sales of $170.1 million for the 3 months ended June 30, seeing its bottom-line shrink 39.8% while sales […]
Varex Imaging closes $276m PerkinElmer medical imaging acquisition
Varex Imaging (NSDQ:VREX) said today it closed its $276 million acquisition of PerkinElmer Inc.‘s (NYSE:PKI) medical imaging business. The 280-worker PerkinElmer segment is an OEM business that makes digital flat panel X-ray detectors for industrial, medical, dental and veterinary X-ray imaging systems. Varex financed the buyout of the Santa Clara, Calif.-based operation by expanding its credit line to $600 million, using […]
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