Varex Imaging Corporation (VREX) specializes in the development and production of X-ray imaging components. Its operations are divided into two primary divisions: ...
Varex Imaging Corporation, headquartered in Salt Lake City, Utah, was established in 2017 as a spin-off from Varian Medical Systems. It operates in two main segments: Medical and Industrial. The Medical segment provides X-ray tubes, digital detectors, high-voltage connectors, and software for image processing, 3D reconstruction, and computer-aided diagnostics. These components are used in radiography, fluoroscopy, mammography, CT, cardiac, dental, surgical, radiation therapy, and oncology applications. The Industrial segment offers X-ray technology for security and inspection, including Linatron accelerators, X-ray tubes, and detectors for airport security, cargo screening, and nondestructive testing. The company sells directly, through OEMs, service providers, and distributors globally across North America, South America, Europe, Russia, Middle East, India, Africa, Asia, and Australia. With a 70+ year history of innovation, Varex is the world's largest independent supplier of medical X-ray tubes. Financially, Varex has a market cap of about $522 million, with negative profitability in recent periods (net margin -9.6% TTM), but maintains a strong current ratio of 3.2 and invests significantly in R&D (10.4% of revenue). The CEO is Sunny Sanyal, leading a team of 2,400 employees. The company emphasizes high-quality, cost-effective products and long-term partnerships with customers.
