News | February 02, 2009

Varian Reports 13 Percent Revenue Boost in Q109

February 2, 2009 - Varian Medical Systems reported first quarter revenues rose 13 percent to $509 million, net orders rose 13 percent to $551 million, and the quarter-ending backlog rose 14 percent to $1.9 billion, compared to continuing operations in the year-ago quarter.

Net earnings from continuing operations of $0.56 per diluted share in the first quarter of fiscal year 2009 versus net earnings from continuing operations of $0.46 per diluted share in the year-ago quarter. Including the discontinued ACCEL research instruments operation, net earnings per diluted share in the same period were $0.55.

“Net orders and revenues increased in our Oncology Systems and X-Ray products business segments as well as our Security and Inspection Products business,” said Tim Guertin, president and CEO of Varian Medical Systems. “Our gross margin improved by more than half a percentage point and contributed to higher earnings versus the year-ago quarter.”

The company ended the first quarter with $423 million in cash and cash equivalents and $65 million of debt. Days sales outstanding of 83 days in the quarter improved by 4 days versus the year-ago period. The company spent $72 million during the quarter to repurchase 1.5 million shares under its stock repurchase authorization.

Oncology Systems’ revenues for the quarter totaled $398 million, up 11 percent from the first quarter of last fiscal year. This business recorded first-quarter net orders of $428 million, up 11 percent from the same period last year. Net orders were up 6 percent in North America and up 16 percent in international markets.

Revenues for the X-Ray Products business, including tubes and digital flat-panel detectors for filmless X-ray imaging, were $86 million for the first quarter, up 23 percent from the year-ago quarter. Net orders for this business were $91 million, up 21 percent from the year-ago quarter.

For more information:

Related Content

Rayence Demonstrates Full Digital Imaging Product Line at RSNA 2017
News | Digital Radiography (DR) | January 16, 2018
January 16, 2018 — Rayence recently showcased their entire line of new as well as enhanced digital imaging products a
Fat Distribution in Women and Men Provides Clues to Heart Attack Risk
News | Women's Health | January 11, 2018
January 11, 2018 – It’s not the amount of fat in your body but where it is stored that may increase your risk for hea
Emergency Radiologists See Inner Toll of Opioid Use Disorders

Rates of Imaging Positivity for IV-SUDs Complications. Image courtesy of Efren J. Flores, M.D.

News | Clinical Study | January 11, 2018
January 11, 2018 – Emergency radiologists are seeing a high prevalence of patients with complications related to opio
Hip Steroid Injections Associated with Bone Changes

58-year-old woman with left hip pain. X-ray from one month prior to the steroid/anesthetic injection demonstrates moderate joint space narrowing (arrows) and bony proliferation (arrowheads).

News | Orthopedic Imaging | January 11, 2018
January 11, 2018 – Osteoarthritis patients who received a steroid injection in the hip had a significantly greater in
Radiology Offers Clues in Cases of Domestic Abuse and Sexual Assault

Image of 21-year-old woman, who presented with a chronic nasal bone fracture and soft tissue swelling of the left lateral face. Review of electronic medical records revealed presentation to an outside hospital 9 months ago with oblique fracture of the right ring finger proximal phalanx, blowout fracture of the medial wall of the left orbit and similar soft tissue swelling of the left face. Traumatic findings separated in time suggest recurrent violence. Image courtesy of Elizabeth George, M.D.

News | Orthopedic Imaging | January 08, 2018
Radiologic signs of injury could help identify victims of intimate partner violence, according to a study presented at...
New Thales Pixium Portable 3543 DR Features Embedded Patient Identification
Technology | Digital Radiography (DR) | December 28, 2017
December 28, 2017 — At the 2017 Radiological Society of North America (RSNA) Annual Meeting, Nov. 26-Dec.
FDA Issues Final Guidance on Pediatric X-ray Imaging Device Notifications
News | Pediatric Imaging | December 21, 2017
The U.S. Food and Drug Administration (FDA) published a final guidance document entitled “Pediatric Information for X-...
Kubtec Supplies Imaging Equipment for Excavation of 3,500-Year-Old Greek Tomb
News | Digital Radiography (DR) | December 07, 2017
Kubtec announced it has been selected to supply high-resolution X-ray imaging equipment to the international research...
Canon Showcases New CXDI Digital Radiography Detectors at RSNA 2017
News | Digital Radiography (DR) | December 06, 2017
Canon U.S.A. Inc. and Virtual Imaging Inc. recently announced the launch of the CXDI-710C, CXDI-810C and CXDI-410C...
Fujifilm Introduces FDR Go Plus Version Portable DR System at RSNA 2017
Technology | Digital Radiography (DR) | November 28, 2017
November 28, 2017 — Fujifilm Medical Systems U.S.A. Inc.
Overlay Init