ICR: B+
Outlook: Stable
Varex is a leading designer and manufacturer of X-ray imaging components, which include X-ray tubes, digital detectors and other image processing solutions that are key components of X-ray imaging systems. Varex's products are used in medical imaging as well as in industrial and security imaging applications, as components in complex systems produced by global equipment OEMs. In F'2024, the Medical segment accounted for 72% of sales and the Industrial segment accounted for the remaining 28%. The company's products are sold globally, with Americas accounting for 33% of sales, EMEA for 35% and APAC for 33%. Manufacturing footprint is global with facilities in the United States, United Kingdom, the Netherlands, Germany, Finland, the Philippines, China and India.
ICR: B+
Outlook: Stable
Varex is a leading designer and manufacturer of X-ray imaging components, which include X-ray tubes, digital detectors and other image processing solutions that are key components of X-ray imaging systems. Varex's products are used in medical imaging as well as in industrial and security imaging applications, as components in complex systems produced by global equipment OEMs. In F'2024, the Medical segment accounted for 72% of sales and the Industrial segment accounted for the remaining 28%. The company's products are sold globally, with Americas accounting for 33% of sales, EMEA for 35% and APAC for 33%. Manufacturing footprint is global with facilities in the United States, United Kingdom, the Netherlands, Germany, Finland, the Philippines, China and India.
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