Last $92.56 USD
Change Today -1.48 / -1.57%
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As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

varian medical systems inc (VAR) Key Developments

Varian Medical Systems, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter of Fiscal 2015; Maintains Earnings Guidance for the Fiscal Year 2015; Provides Earnings Guidance for the Second Quarter of Fiscal 2015

Varian Medical Systems, Inc. announced unaudited consolidated earnings results for the first quarter of fiscal 2015. For the quarter, the company reported revenue of $737.9 million against $711.5 million a year ago. Operating earnings were $129.5 million against $142 million a year ago. Earnings before taxes were $130.4 million against $142.4 million a year ago. Net earnings were $93.3 million or $0.92 diluted per share against $98 million or $0.91 diluted per share a year ago. Cash flow from operations for the first quarter was $79 million. Operating earnings are down from the year-ago quarter due in large part to the restructuring charge. For the second quarter of fiscal 2015, the company expects revenues should increase by about 2% versus the year-ago period. Net earnings per diluted share for the second quarter could be in the range of $0.98 to $1.02. For the fiscal year 2015, the company maintains prior guidance of $4.16 to $4.26 per diluted share. The company continue to expect that the tax rate will be 28% to 30% for the fiscal year. The company also expects operating margin to be 19%.

Varian Medical Systems, Inc., Q1 2015 Earnings Call, Jan 28, 2015

Varian Medical Systems, Inc., Q1 2015 Earnings Call, Jan 28, 2015

Varian Medical Systems, Inc. Presents at 33rd Annual J.P. Morgan Healthcare Conference, Jan-13-2015 01:30 PM

Varian Medical Systems, Inc. Presents at 33rd Annual J.P. Morgan Healthcare Conference, Jan-13-2015 01:30 PM. Venue: Westin St. Francis Hotel, San Francisco, California, United States. Speakers: Dow R. Wilson, Chief Executive Officer, President and Director.

Varian Medical Systems, Inc. to Report Q1, 2015 Results on Jan 28, 2015

Varian Medical Systems, Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Jan 28, 2015

Guy's Hospital Cancer Center Selects Varian Medical Systems, Inc.'s Radiotherapy and Radiosurgery Systems

Guy's Hospital Cancer Center has selected TrueBeam medical linear accelerators from Varian Medical Systems, to deliver radiotherapy and radiosurgery treatments for cancer patients at two new facilities. Six TrueBeam devices, including a TrueBeam STx which is optimized for radiosurgery, will be installed at the new Guy's Hospital Cancer Center while two further machines will equip a satellite center at Queen Mary's Hospital in nearby Sidcup, Kent. Guy's and St Thomas' NHS Foundation Trust is replacing its existing treatment machines with TrueBeam systems as radiotherapy services are centralized at the new flagship center, which is due to start treating patients in 2016. In addition to the equipment, the Trust is also acquiring a full suite of Varian's Eclipse treatment planning software. The radiotherapy service at Guy's and St Thomas' NHS Foundation Trust serves a catchment population of approximately 1.6 million people and currently treats about 3,500 cancer patients each year, but the service is expecting this number to increase with the installation of the new systems, which can deliver more complex treatments than the center's existing equipment.

 

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Price/Earnings 24.1x
Price/Sales 3.0x
Price/Book 5.8x
Price/Cash Flow 23.2x
TEV/Sales 2.5x
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