varian medical systems investor relations

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Investor Relations. First-hand information for our shareholders and the capital market, Second-quarter results FY2023 | May 10, 2023, Goldman Sachs 44th Annual Global Healthcare Conference, Dana Point. Continued leadership in innovation and market execution drove strong worldwide growth in 2019. The amount of purchase price allocated to intangible assets and the term of amortization can vary significantly and are unique to each acquisition or purchase. This press release includes the forward-looking non-GAAP financial measure, non-GAAP diluted net earnings per share. In EMEA, gross orders in the quarter rose 10%, driven in part by orders for 13 TrueBeam systems as a part of the Tata Trusts framework agreement. At Varian, a Siemens Healthineers company, we envision a world without fear of cancer. "category": "Corporate and Financial Releases" {

[7] After the merger it will continue to operate independently and will retain its headquarters along with its 10,000 employees. We took one new order at Ohio State University in the fourth quarter for a total of four proton orders in the full year.

Our effective tax rate decreased in fiscal year 2020 over fiscal year 2019, primarily because the prior period included a goodwill impairment charge and an in-process research and development expense, neither of which generated a tax benefit for the Company. Ms. Kennedy served as President, Proton Solutions & Growth Office at Varian Medical Systems ("Varian") from 2018 until December 31, 2021 when she retired. [25], In 2019, the company acquired CyberHeart, a privately-held company with intellectual property (IP) that covers the use of radiation in the heart (cardiac radioablation) and other forms of radiosurgery for cardiovascular disease. The net benefit to operating earnings was $23 million, or $0.19 on a Non-GAAP earnings per share basis. [8][9], Varian Medical Systems has acquired other companies including Pan-Pacific Enterprises,[17] ACCEL Instruments,[18] Bio-Imaging Research, Inc.[19] Sigma Micro Informatique Conseil,[20] Argus Software,[21] Dosetek Oy,[22] Velocity Medical Solutions. Michael BruffSenior Vice President, Investor Relations+1 (650) 424-5163investors@varian.com, Press ContactMark PlungyDirector, Public Relations+1 (650) 424-5630mark.plungy@varian.com. Published Mar 24, 2021 10:53PM EDT (RTTNews) - Siemens Healthineers said it will raise 2.3 billion euros through selling new shares.

Bruff, 48, replaced Spencer Sias who retired in June 2017.. Mr. Bruff served Dell for 19 years in both domestic and international roles, most recently as Senior Vice President of North America . "introText": "", Represents the tax effect of a change in law related to the U.S. Tax Cuts and Jobs Act. After careful consideration of these assumptions, we expect the following for fiscal year 2020: Non-GAAP Operating Earnings as a percentage of Revenues, Non-GAAP net earnings per share-diluted ($)(2). Varian Announces First Participant Treated in RADIATE-VT Clinical Trial of Cardiac Radioablation . For more than 70 years, we have developed, built and delivered innovative cancer care technologies and solutions for our clinical partners around the globe to help them treat millions of patients each year. In addition, this measure may be different from non-GAAP measures used by other companies, limiting its usefulness for comparison purposes. He also held executive and leadership roles in financial planning & analysis, internal audit and Enterprise Solutions Group finance. Everywhere. Discussion of Non-GAAP Financial Measures. "pageType": "news-article", Such risks and uncertainties include our ability to achieve expected synergies from acquisitions; risks associated with integrating recent acquisitions; global economic conditions and changes to trends for cancer treatment regionally; currency exchange rates and tax rates; the impact of the Tax Cuts and Jobs Act; the impact of the Affordable Health Care for America Act (including excise taxes on medical devices) and any further healthcare reforms (including changes to Medicare and Medicaid), and/or changes in third-party reimbursement levels; recent and potential future tariffs or a global trade war; demand for and delays in delivery of the company's products; the company's ability to develop, commercialize and deploy new products; the company's ability to meet Food and Drug Administration (FDA) and other regulatory requirements, regulations or procedures; changes in regulatory environments; risks associated with the company providing financing for the construction and start-up operations of particle therapy centers, challenges associated with commercializing the company's proton solutions business; challenges to public tender awards and the loss of such awards or other orders; the effect of adverse publicity; the company's reliance on sole or limited-source suppliers; the company's ability to maintain or increase margins; the impact of competitive products and pricing; the potential loss of key distributors or key personnel; challenges related to entering into new business lines; and the other risks listed from time to time in the company's filings with the Securities and Exchange Commission, which by this reference are incorporated herein. On April 2, 1999 these divisions split to become Varian Semiconductor, Varian, Inc. and Varian Medical Systems. This press release includes the following non-GAAP financial measures derived from our Condensed Consolidated Statements of Earnings: non-GAAP operating earnings, non-GAAP net earnings and non-GAAP net earnings per diluted share. Plastic Containers and Packaging. The corporate rate reduction resulted in a remeasurement of our deferred tax assets of $1.4 million in the fourth quarter and $43.2 million in fiscal year 2018. "category": "Corporate and Financial Releases" The new shares will be offered for purchase exclusively to. We believe that disclosing non-GAAP financial measures provides useful supplemental data that, while not a substitute for financial measures prepared in accordance with GAAP, allows for greater transparency in the review of our financial and operational performance. Learn more about our purpose, our innovation leadership, our culture, and our strategy. Explore our comprehensive portfolio that addresses the complete care continuum for many of the worlds most threatening diseases. Emmaus is a commercial stage biopharmaceutical company engaged in the discovery, development, marketing and sale of innovative treatments and therapies . { [citation needed]. Primary Office. We exclude such expenses or benefits as they are related to acquisitions and have no direct correlation to the operation of our on-going business. Company profile page for Varian Medical Systems Inc including stock price, company news, press releases, executives, board members, and contact information This is primarily done by automating several functions typically performed manually by radiographers, such as switching between treatment beams automatically. We also believe that disclosing non-GAAP financial measures provides useful information to investors and others in understanding and evaluating our operating results and future prospects in the same manner as management and in comparing financial results across accounting periods and to those of peer companies. The replay can be accessed by dialing 1-877-660-6853 from inside the U.S. or 1-201-612-7415 from outside the U.S. and entering conference ID 13694509. For more than 70 years, we have developed, built, and delivered innovative cancer care technologies and solutions for our clinical partners . Incrementally, the company did not record approximately $11 million of potential tariff refund in the fourth quarter due to timing of recognition. PALO ALTO, Calif., Oct. 23, 2019 /PRNewswire/ -- Fourth Quarter 2019 Summary Oncology Systems gross orders grew 7% in dollars and 7% in constant currency; North America gross orders grew 10%; 17 Ethos orders received in Europe and Australia Total company revenues grew 10% in dollars, or 11% in constant currency, to $879 million Net cash provided by operating activities was $118 million, up 9%. Based on the success of the integration and the robust early performance by our Interventional Oncology Solutions business, it is the right time to move this new business from the incubation stage under the Chief Growth Office, and it will now report directly to Bischoping in his new role as president of Interventional Oncology Solutions. The amount of purchase price allocated to intangible assets, the step-up of inventory values, and the term of amortization can vary significantly and are unique to each acquisition or purchase. Shares used in the calculation of net earnings per share: Weighted average shares outstanding - basic, Weighted average shares outstanding - diluted, Preliminary Condensed Consolidated Balance Sheets, Prepaid expenses and other current assets, Current assets of discontinued operations, Discussion of Non-GAAP Financial Measures. This announcement is not directed to, or intended for distribution to or use by, any natural person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation of such jurisdiction or which would require any registration or licensing within such jurisdiction. NYSE: VAR. [37], "Varian Medical Systems Inc 2018 Annual Report Form (10-K)", "Varian Medical Systems Inc 2017 Annual Report Form (10-K)", "Varian Medical Systems, Inc. (VAR) Stock Price, News, Quote & History", "Siemens Arm to Buy Varian in Year's Biggest Health Care Deal", "Siemens Healthineers expands into cancer care with $16.4 billion deal for Varian", "Siemens Healthineers completes Varian acquisition", "Varian to Combine with Siemens Healthineers in $16.4 Billion All-Cash Transaction", "Varian sold to Siemens Healthineers in $16.4B all-cash deal", "The klystron: A microwave source of surprising range and endurance", "Varian Semiconductor Separates From its Parent", "Varian Associates Completes Reorganization Into Three Independent, Public Companies", "Siemens Healthineers AG (SEMHF) announced on Sunday that it plans to acquire U.S. cancer device and software company Varian Medical Systems (VAR) in an all-stock deal valued at $16.4 billion", "Siemens Healthineers wants to buy Varian for 16.4 billion dollars", "Varian acquires Chinese medical equipment distributor", "Varian to acquire German proton therapy system supplier ACCEL Instruments", "Varian Medical Systems Completes Acquisition of Bio-Imaging Research", "Varian Medical Systems acquires Sigma Micro Informatique Conseil", Varian Medical Systems Acquires Argus Software; Argus Software Automates Collection of Quality Control and Test Data for Radiation Equipment. Nevertheless, automation in both quality assurance and clinical operation generally make the LINAC easier to operate by checkers and radiation therapists. "While we have more work to do in sharpening our execution, our order and revenue growth has us looking forward to the next fiscal year. PALO ALTO, Calif., Aug. 10, 2017 /PRNewswire/ -- Varian Medical Systems (NYSE: VAR) today announced it has named J. Michael Bruff as Vice President of Investor Relations effective August 7, 2017.Mr. The parties do not expect there to be any disruption to the existing business or customers. Although these events are reflected in our GAAP financials, these unique transactions may limit the comparability of our on-going operations with prior and future periods. The system features unique dual-layer MLC that enables high modulation with low leakage for every field or arc. Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California.Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy.The company supplies software for managing cancer clinics, radiotherapy centers, and .

Organic growth excludes the year over year impact of FX and growth from the acquisitions of CTSI, Endocare, Alicon and the Boston Scientific bead portfolio. Significant litigation charges or benefits and legal costs: We may incur charges or benefits as well as legal costs from time to time related to litigation and other contingencies. Our ongoing consideration of all the factors described above could result in impairment charges in the future, which could adversely affect our operating results. Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, Consolidated Balance Sheets (Parenthetical), Consolidated Statements Of Comprehensive Earnings, Consolidated Statements Of Comprehensive Earnings (Parenthetical), Borrowings - Additional Information (Detail), Borrowings - Summary Of Long-Term Debt Outstanding (Detail), Business Combinations - Purchase Price Allocation (Details), Business Combinations - Valuation Of Intangible Assets Acquired (Details), Commitments And Contingencies - Accrued Product Warranty (Detail), Commitments And Contingencies - Additional Information (Detail), Commitments And Contingencies - Lease Costs (Details), Commitments And Contingencies - Operating And Financing Lease Maturity Schedule (Details), Commitments And Contingencies - Schedule Of Liabilities For Future Environmental Costs (Detail), Derivative Instruments And Hedging Activities, Derivative Instruments And Hedging Activities (Tables), Derivative Instruments And Hedging Activities - 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Components Of Inventories (Detail), Other Financial Information - Components Of Other Long-Term Liabilities (Detail), Other Financial Information - Components Of Prepaid Expenses And Other Current Assets (Details), Other Financial Information - Components Of Property, Plant And Equipment (Detail), Other Financial Information - Contracts With Customers (Details), Other Financial Information - Other Assets (Detail), Other Financial Information - Other Income, Net (Details), Other Financial Information - Unfulfilled Performance Obligations (Details), Proton Solutions Loans And Investments (Tables), Proton Solutions Loans And Investments - Aptc And Rptc Loans (Details), Proton Solutions Loans And Investments - Cptc Loans (Details), Proton Solutions Loans And Investments - Mptc Loan (Details), Proton Solutions Loans And Investments - Nypc Loan (Details), Proton Solutions Loans And Investments - Schedule Of Vpt Loans (Details), Quarterly Financial Data (Unaudited) (Detail), Quarterly Financial Data (Unaudited) (Tables), Receivables - 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Additional Information (Detail), Taxes On Earnings - Schedule Of Changes In Unrecognized Tax Benefits (Detail), Taxes On Earnings - Schedule Of Components Of Deferred Tax Assets And Liabilities (Detail), Taxes On Earnings - Schedule Of Earnings Before Taxes (Detail), Taxes On Earnings - Schedule Of Effective Income Tax Rate (Detail), Taxes On Earnings - Schedule Of Income Taxes Paid (Detail), Taxes On Earnings - Schedule Of Taxes On Earnings (Detail), Valuation And Qualifying Accounts - (Detail), Exhibit 21: Subsidaries Of The Registrant, Exhibit 23: Consents Of Experts And Counsel, Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification, Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification, https://last10k.com/sec-filings/var/0000203527-20-000027.htm. 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Oncology revenues totaled $820 million for the fourth quarter, up 8%, and $3.1 billion for the full year, up 11%.

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