Varex Imaging Corporation (VREX) CEO Sunny Sanyal on Q1 2020 Results - Earnings Call Transcript

Feb. 11, 2020 8:51 PM ETVarex Imaging Corporation (VREX) StockVREX
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Q1: 2020-02-11 Earnings Summary

EPS of $0.21 misses by $0.05
 | Revenue of $200.10M (7.75% Y/Y) beats by $10.94M

Varex Imaging Corporation (NASDAQ:VREX) Q1 2020 Earnings Conference Call February 11, 2020 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
Mark Strouse - JP Morgan
Jim Sidoti - Sidoti & Co

Operator

Greetings and welcome to the Varex Imaging Corporation First Quarter Fiscal Year 2020 Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I will now turn the conference over to your host, Mr. Howard Goldman, Director of Investor Relations. You may begin. Please go ahead, sir.

Howard Goldman

Good afternoon and welcome to our earnings conference call for the first quarter and fiscal year 2020. 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 quarter are comparisons are for the first quarter of fiscal 2020 versus first quarter of fiscal 2019. 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 guidance for GAAP net earnings per diluted share due to the uncertainty of the amount and timing of the unusual

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