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Varian Medical Systems Inc (VAR.N)

VAR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Varian probeam proton therapy system receives Shonin approval
Wednesday, 10 May 2017 08:00am EDT 

May 10 (Reuters) - Varian Medical Systems Inc :Varian probeam proton therapy system receives shonin approval.Varian medical systems- received shonin approval from japanese ministry of health, labor and welfare to market probeam system for proton therapy in japan.  Full Article

Varex Imaging announces Q2 earnings per share $0.40
Thursday, 4 May 2017 04:01pm EDT 

May 4 (Reuters) - Varex Imaging Corp :Varex Imaging announces financial results for the second quarter of fiscal year 2017.Q2 earnings per share $0.40.Q2 revenue rose 3 percent to $155 million.Varex Imaging Corp - For fiscal year 2017, Varex maintains its previous expectation that organic revenues will grow by 3% to 4% over fiscal year 2016.  Full Article

Varian Medical Systems Q2 non-gaap EPS $0.89 from continuing operations
Wednesday, 26 Apr 2017 04:02pm EDT 

April 26 (Reuters) - Varian Medical Systems Inc ::Varian Medical Systems reports results for second quarter of fiscal year 2017.Q2 revenue rose 6 percent to $655 million.Sees q3 non-gaap earnings per share $0.92 to $0.96.Q2 non-gaap earnings per share $0.89 from continuing operations.Q2 gaap earnings per share $0.74 from continuing operations.Q2 earnings per share view $0.90, revenue view $650.0 million -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.97 -- Thomson Reuters I/B/E/S.Says company ended quarter with a $3.1 billion backlog, up 4 percent from same point in fiscal year 2016.Varian Medical Systems - for full fiscal year, sees total company revenues from continuing operations growing in range of 2 to 4 percent.Varian Medical Systems - for second through fourth quarters, expects earnings per diluted share from continuing operations in range of $2.98 to $3.06.Varian Medical Systems Inc- for third fiscal quarter, we believe varian revenues from continuing operations will grow by about 3 percent.Varian Medical Systems Inc- for third fiscal quarter expect that non-gaap earnings per diluted share will be in range of $0.92 to $0.96 for varian.  Full Article

Varian Medical Systems names new CFO
Wednesday, 5 Apr 2017 08:30am EDT 

Varian Medical Systems Inc : Varian Medical Systems names new CFO . Varian medical systems inc says named Gary E. Bischoping of dell technologies as chief financial officer effective may 8, 2017 .Bischoping will replace Elisha W. Finney.  Full Article

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

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