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Varian Medical Systems Inc (VAR.N)

VAR.N on New York Stock Exchange

91.36USD
22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Varian Medical Systems reports Q1 GAAP earnings per share $0.22
Wednesday, 25 Jan 2017 04:02pm EST 

Varian Medical Systems Inc : Varian Medical Systems reports results for first quarter of fiscal year 2017 . Sees Q2 non-GAAP earnings per share $0.84 to $0.90 . Q1 non-GAAP earnings per share $0.75 . Q1 GAAP earnings per share $0.22 . Sees Q2 revenue up 4 to 5 percent . Q1 revenue $763 million versus I/B/E/S view $766.4 million . Q1 earnings per share view $1.05 -- Thomson Reuters I/B/E/S . Imaging components separation on track for end of January . For varex imaging, we expect revenues for fiscal year 2017 to grow by 3-4 percent . Q2 earnings per share view $1.19, revenue view $797.7 million -- Thomson Reuters I/B/E/S . Varian Medical Systems Inc says company ended quarter with a $3.4 billion backlog, up 2 percent from end of q1 of fiscal year 2016 . Varian Medical Systems - anticipate gaap net earnings per diluted share for second through fourth quarters of fy 2017 to be in range of $1.20 to $1.30 .FY2017 earnings per share view $4.88, revenue view $3.31 billion -- Thomson Reuters I/B/E/S.  Full Article

Varian Medical Systems to buy PerkinElmer's medical imaging business for $276 mln
Thursday, 22 Dec 2016 08:15am EST 

Varian Medical Systems Inc : Varex plans to finance acquisition through an expansion of its bank credit facilities to approximately $600 million . Deal expected to be immediately accretive to varex following closing . Acquisition is expected to close after planned separation of Varex from Varian . Varian Medical Systems Inc says Varex will pay $276 million to acquire PerkinElmer's medical imaging business . "will serve to accelerate our profitable growth with more than $140 million in new revenue" .Varian medical systems announces agreement to acquire PerkinElmer's medical imaging business; $276 million acquisition to expand digital flat panel business for Varex Imaging.  Full Article

Varian Medical Systems says planned separation of imaging components business will include about $200 mln cash transfer to Varian
Wednesday, 7 Dec 2016 08:30am EST 

Varian Medical Systems Inc : Varian medical systems- separation intended to be executed as a tax-free distribution to Varian stockholders of stock in Varex imaging corporation . Varian Medical Systems Inc - Varex imaging corporation to be a new stand-alone public company that will hold imaging components business . Varian Medical Systems Inc - Varex imaging will borrow approximately $200 million to fund the cash transfer . Varian Medical Systems announces that planned separation of its imaging components business will include an approximate $200 million cash transfer to Varian . Varian medical systems inc - Varex imaging will borrow approximately $200 million to fund cash transfer .Varian medical systems inc - cash transfer from Varex imaging provides Varian with means to reduce debt and conduct further share repurchases.  Full Article

Varian Medical Systems CFO announces plan to retire
Wednesday, 26 Oct 2016 04:15pm EDT 

Varian Medical Systems Inc : Elisha W. Finney will remain in her current role until a successor is named . Varian medical systems inc says company has initiated a search to identify a replacement for Elisha W. Finney . Elisha W. Finney announces plan to retire as CFO of varian medical systems . Varian expects to name successor during fiscal year 2017 .Company has initiated a search to identify a replacement.  Full Article

Varian Medical Systems says Q3 gaap earnings per share $1.04
Wednesday, 27 Jul 2016 04:05pm EDT 

Varian Medical Systems Inc : Company ended quarter with a $3.3 billion backlog, up 5 percent from end of q3 of fiscal year 2015 . Varian medical systems reports results for third quarter of fiscal year 2016 . Q3 gaap earnings per share $1.04 . Q3 revenue $789 million versus i/b/e/s view $780 million . Q3 earnings per share view $1.17 -- Thomson Reuters I/B/E/S . Sees fy 2016 non-gaap earnings per share $4.62 to $4.66 . Q3 non-gaap earnings per share $1.22 . Sees fy 2016 revenue up about 3 percent .Fy2016 earnings per share view $4.58 -- Thomson Reuters I/B/E/S.  Full Article

Varian Medical Systems plans to spin off imaging components business
Monday, 23 May 2016 04:05pm EDT 

Varian Medical Says Expects To Incur An $35 Mln In Charges For Transaction Advisory Services, Assuming Spin : Off anticipated to be completed by end of calendar year 2016 . Imaging components business will become a new independent publicly traded company . New imaging components co expected to have annual revenues of about $575 million . New imaging components company is expected to have annual revenues of about $575 million . Says new company's management team will include sunny sanyal as new chief executive officer . Company does not expect spin-off to impact company's non-gaap financial guidance for fiscal year 2016 . Deal intended to take form of a tax-free distribution to varian stockholders of shares of new company's common stock . Off is completed by end of calender year . Says new company's management team will include clarence verhoef as chief financial officer .Varian medical systems announces plan to spin off imaging components business.  Full Article

Varian Medical Systems Inc gives Q2 2016 guidance; updates FY 2016 EPS guidance; reaffirms FY 2016 revenue guidance
Wednesday, 27 Jan 2016 04:02pm EST 

Varian Medical Systems Inc:Including effects of R&D tax credit re-enactment and suspension of medical device excise tax in U.S., co believe that for FY 2016 total company non-GAAP earnings will be in the range of $4.55 to $4.65 per diluted share.Continues to expect that revenues for Fy 2016 will increase by about 4 to 5 percent over FY 2015.Says For Q2 2016, expect revenues to be up one to two percent from the year-ago quarter in dollars.expect non-GAAP earnings for Q2 2016 to be in the range of $1.06 to $1.10 per diluted share.  Full Article

Varian Medical Systems Authorizes Repurchase of Additional 8 Million Shares of Stock through Calendar Year 2016; Also Authorizes Increase of Existing Revolving Debt Facility from $300 mln to $500 mln
Monday, 23 Nov 2015 08:30am EST 

Varian Medical Systems:Board of directors has authorized the company to repurchase an additional 8 million shares of its common stock between November 21, 2015 and December 31, 2016.company has completed a 6 million share repurchase authorization that covered the period between August 15, 2014 and December 31, 2015.The company expects to begin repurchasing shares under the new authorization during the first quarter of fiscal year 2016.Board of directors also authorized company to amend its credit agreement to increase the aggregate commitments under its 2013 revolving credit facility from $300 million to $500 million.additional funds would be used for working capital, capital expenditures, share repurchases, acquisitions, and other corporate purposes.  Full Article

Varian Medical Systems Inc gives Q1 2016 guidance; EPS guidance below analysts' estimates; gives FY 2016 guidance in line with analysts' estimates
Wednesday, 28 Oct 2015 04:05pm EDT 

Varian Medical Systems Inc:Says FY 2016 total company non-GAAP earnings will be in the range of $4.45 to $4.55 per diluted share and revenues will increase by about 4 to 5 percent on a reported basis.Expects Q1 2016 revenues to be roughly even with the year-ago quarter in dollars.Expects Q1 2016 non-GAAP earnings to be in the range of $0.88 to $0.92 per diluted share.Reported revenue of $737.9 million in Q1 2015 and $3.10 billion in FY 2015.Q1 2016 revenue of $748 million and EPS of $1.00 - Thomson Reuters I/B/E/S.FY 2016 revenue of $3.23 billion and EPS of $4.51 - Thomson Reuters I/B/E/S.  Full Article

Varian Medical Systems Inc lowers FY 2015 EPS guidance; reaffirms FY 2015 revenue guidance
Monday, 19 Oct 2015 04:05pm EDT 

Varian Medical Systems Inc:Lower earnings for FY 2015 than was previously guided in its earnings report for the third quarter of the fiscal year.Sees FY 2015 non-GAAP net earnings will be approximately $4.29 per diluted share and that GAAP net earnings will be approximately $4.09 per diluted share.Continues to expect that revenues for FY 2015 will grow by about 2 percent, or 6 percent on a constant currency basis.Reported revenue of $3.05 billion in FY 2014.FY 2015 revenue of $3.15 billion and EPS of $4.40 - Thomson Reuters I/B/E/S.  Full Article

More From Around the Web

BRIEF-Varian Medical Systems announces distribution ratio for separation of imaging components

* Varian Medical Systems announces distribution ratio for separation of imaging components business; Varian stockholders to get 0.4 shares of Varex per Varian share Source text for Eikon: Further company coverage: