VREX

In Q2 Fiscal Year 2026, Varex announced $216 million in revenue, a 1% increase year-over-year, but reported a GAAP net loss of $(0.19) per diluted share, leading to a 16.91% stock price decrease. The company successfully completed debt refinancing, which resulted in a 3.05% positive stock movement, but its intention to redeem 7.875% Senior Secured Notes due 2027 caused an 8.35% stock price decrease. In Q3 Fiscal Year 2026, Varex reported $211 million in revenues, up 4% year-over-year, with non-GAAP EPS of $0.31, beating estimates, driven by strong Industrial segment growth and tariff refunds. On the same day, Teledyne Technologies announced its acquisition of Varex Imaging for $18.90 per share in cash, a premium of over 50%, which caused VREX's stock price to surge by 48.75%. Following this, Varex Imaging's CFO sold 130,000 shares for approximately $2.4 million, representing a 48.15% decrease in their position. Additionally, several investor rights law firms initiated investigations into whether Varex Imaging Corporation was obtaining a fair price for its shareholders in the proposed sale to Teledyne Technologies. Overall, Varex Imaging's stock price has gained 50.7% over the past 12 months, reaching a 52-week high of $18.63.