Varian Reports Results for Fourth Quarter and Full Fiscal Year 2018

Varian Reports Results for Fourth Quarter and Full Fiscal Year 2018

@sqnabr
em 27/11/2018 18:59
Fourth Quarter 2018 Summary
– Oncology gross orders grew 13% in dollars, or 14% in constant currency
– 84 Halcyon orders in the quarter
– Total company revenues of $802 million grew 11%, or 12% in constant currency
– GAAP operating earnings grew 29% at 16.8% of revenues; Non-GAAP operating earnings grew 14% at 17.8% of revenues
– GAAP net earnings per diluted share from continuing operations of $1.26; Non-GAAP net earnings per diluted share from continuing operations of $1.16

Fiscal Year 2018 Summary
– Oncology gross orders grew 9%, or 8% in constant currency
– Added 224 linear accelerators to the installed base which is now greater than 8,000 units
– Total company revenues of $2.9 billion grew 11%, or 10% in constant currency
– GAAP operating earnings grew 47% at 15.1% of revenues; Non-GAAP operating earnings grew 31% at 17.7% of revenues
– GAAP net earnings per diluted share from continuing operations of $1.62; Non-GAAP net earnings per diluted share from continuing operations of $4.42
@sqnabr
em 27/11/2018 19:03
Excelente resultado no trimestre e FY18 e a reacao do mercado foi extremamente positiva.

Alguns milestones alcancados:

o 1st Billion dollar orders quarter
o 1st Billion dollar orders year in EMEIA
o 1st >$1.5B orders year in the AMERICAS
o RECORD APAC Q4 with orders growth of 31% and largest orders year ever.
o Oncology systems revenue reached a record $2.8B or 14% growth!
o Global accelerator installed base GREW by 224 units for the fiscal year!
? This represents an additional roughly 100,000 patients per year who will benefit from Varian technology and over 1M patients during the 10 year cycle of the machine.
o Q4 resulted in 84 new Halcyon orders! This incredible product is generating global excitement and adoption.
o 1st new Brachytherapy afterloader (Bravos) for the market in 10 years and 20 years for Varian. Including initial treatments at 2 locations!
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