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 Imaging
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 […]
Varex Imaging inks 3-year supply deal with Toshiba Medical
Varex Imaging (NSDQ:VREX) said today it inked a renewed 3-year pricing agreement with Canon‘s (NYSE:CAJ) Toshiba Medical subsidiary. Through the deal, Salt Lake City, Utah.-based Varex Imaging will supply Toshiba Medical with its computed tomography tubes for integration into its CT imaging systems. The agreement is set to take effect April 1. “The continuation of our four-decades long […]
Varian Medical closes $600m Varex Imaging spinout
Varian Medical (NYSE:VAR) today announced it successfully completed the $600 million spin-out of its imaging components biz, Varex Imaging (NSDQ:VREX). Salt Lake City, Utah-based Varex Medical said that common stock in the company will begin trading in the “regular way” today on the Nasdaq Global Select Market under the symbol “VREX.” “We are very pleased that we […]
Varian Medical’s components spinout, Varex Imaging, begins public trading
Shares in Varex Imaging (NSDQ:VREXV), the $600 million components business spun out of Varian Medical (NYSE:VAR), hit the market last week for their 1st day of public trading. Stock in Salt Lake City-based Varex debuted Jan. 20 at $28 apiece, hitting a high of $28.50 before closing up 0.5% at $28.15 per share. Varian said earlier this month that it expects […]
Varian Medical details Varex Imaging components spinout
Varian Medical (NYSE:VAR) said today that its board of directors approved the $200 million spin-out of the stand-alone Varex imaging components business and released more information on the distribution of Varex shares. The Palo Alto, Calif.-based company’s new spin-out will be separated through a tax-free distribution of shares, with each Varian stockholder receiving 0.4 shares of Varex […]
Varian Medical Systems puts up $276m for PerkinElmer’s medical imaging biz
Varian Medical (NYSE:VAR) said today that it agreed to put up $267 million to acquire the medical imaging business of PerkinElmer Inc. (NYSE:PKI) for the planned spinout of its Varex imaging components unit next month. 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. Varian said […]