Varex Imaging Corporation (VREX) CEO Sunny Sanyal on Q3 2020 Results - Earnings Call Transcript

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Q3: 2020-08-12 Earnings Summary

EPS of -$0.20 misses by $0.27
 | Revenue of $171.20M (-12.96% Y/Y) beats by $100.00K

Varex Imaging Corporation (NASDAQ:VREX) Q3 2020 Earnings Conference Call August 12, 2020 5:00 PM ET

Company Representatives

Sunny Sanyal - President, Chief Executive Officer
Sam Maheshwari - Chief Financial Officer
Clarence Verhoef - Retiring Chief Financial Officer
Howard Goldman - Director of Investor Relations

Conference Call Participants

Larry Solow - CJS Securities
Anthony Petrone - Jefferies
Suraj Kalia - Northland Security
Jim Sidoti - Sidoti & Company
Mark Strouse - JP Morgan

Operator

Greetings! And welcome to the 3Q FY ’20 Earnings 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 would now like to turn the conference over to your host, Mr. Howard Goldman, Director of Investor Relations. Thank you. You may begin.

Howard Goldman

Good afternoon and welcome to Varex Imaging Corporation’s earnings conference call for the third quarter of fiscal year 2020. With me today are Sunny Sanyal, our President and CEO; Sam Maheshwari our new CFO, and Clarence Verhoef, our Retiring CFO.

To simplify our discussion, unless otherwise stated, all references to the quarter are for the third quarter of fiscal year 2020, unless otherwise stated comparisons are to the same quarter of the prior year.

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

Please be advised that during this call we will be making forward-looking statements, which are predictions or projections about future events. These statements are based on current expectations and assumptions that are subject to

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