Varex Imaging Corporation (VREX) CEO Sunny Sanyal on Q3 2019 Results - Earnings Call Transcript

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Q3: 2019-08-06 Earnings Summary

EPS of $0.24 misses by $0.10
 | Revenue of $196.70M (2.88% Y/Y) beats by $7.28M

Varex Imaging Corporation (NASDAQ:VREX) Q3 2019 Earnings Conference Call August 6, 2019 5:00 PM ET

Company Participants

Howard Goldman - Director of Investor Relations
Sunny Sanyal - President & Chief Executive Officer
Clarence Verhoef - Chief Financial Officer

Conference Call Participants

Larry Solow - CJS Securities
Anthony Petrone - Jefferies
Jim Sidoti - Sidoti & Company

Operator

Greetings, and welcome to Varex Imaging Corporation Third Quarter Fiscal Year 2019 Earnings Call.

At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host Howard Goldman, Director of Investor Relations. Thank you, Mr. Goldman. You may begin.

Howard Goldman

Good afternoon, and welcome to Varex Imaging Corporation's earnings conference call for the third quarter of fiscal year 2019. With me today are Sunny Sanyal, our President and CEO; and Clarence Verhoef, our CFO. To simplify our discussion, unless otherwise stated, all references to the quarter are fiscal quarters. Quarterly comparisons are for the third quarter of fiscal year 2019 versus the third quarter of fiscal year 2018 unless otherwise stated.

On today's call, we will discuss certain non-GAAP financial measures. These adjusted measures are not presented in accordance with, nor are they a substitute for GAAP financial measures. We provided a reconciliation of each adjusted financial measure to the most directly comparable GAAP financial measure in our earnings press release, which is posted on our website.

Guidance for our net earnings per diluted share is provided on an adjusted basis only. This adjusted financial measure is forward-looking and we are unable to provide a meaningful or accurate compilation of reconciling items to guidance for GAAP net earnings per diluted share, due to the uncertainty of the amount

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