Varex Imaging Corporation (VREX) CEO Sunny Sanyal on Q4 2019 Results - Earnings Call Transcript

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Q4: 2019-11-12 Earnings Summary

EPS of $0.46 beats by $0.02
 | Revenue of $202.40M (-1.17% Y/Y) misses by $1.74M

Varex Imaging Corporation (NASDAQ:VREX) Q4 2019 Earnings Conference Call November 12, 2019 5:00 PM ET

Company Participants

Howard Goldman - Director of IR
Sunny Sanyal - President and CEO
Clarence Verhoef – CFO

Conference Call Participants

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

Operator

Greetings and welcome to the Varex Imaging Corporation Fourth Quarter and Fiscal Year 2019 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I’ll now turn the conference over to your host, Mr. Howard Goldman, Director of Investor Relations. You may begin.

Howard Goldman

Good afternoon, and welcome to Varex Imaging Corporation’s earnings conference call for the fourth quarter and 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 annual comparisons are for fiscal year 2019 versus fiscal year 2018. Similarly, all references to the quarter are comparisons for the fourth quarter of fiscal 2019 versus the fourth quarter of fiscal 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.

Outlook 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 our outlook for GAP net earnings per

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