Varian Medical Systems is the manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The Company supplies informatics software for managing comprehensive cancer clinics, radiotherapy centers, and medical oncology practices. Varian is a premier supplier of tubes and digital detectors for X-ray imaging in medical, scientific, and industrial applications and also supplies X-ray imaging products for cargo screening and industrial inspection. 

TypePublic
HQPalo Alto, US
Founded1948
Size (employees)6,600 (est)
Websitevarian.com
Varian Medical Systems was founded in 1948 and is headquartered in Palo Alto, US
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Key People/Management at Varian Medical Systems

Dow R. Wilson

Dow R. Wilson

President and Chief Executive Officer (CEO)
Kolleen Kennedy

Kolleen Kennedy

President, Oncology Systems and Corporate Executive Vice President
Gary Bischoping

Gary Bischoping

Senior Vice President, Finance & Chief Finance Officer
Patrick Joda

Patrick Joda

Senior Vice President, Global Operations
Moataz Karmalawy

Moataz Karmalawy

Vice President and General Manager, Worldwide Particle Therapy
Deepak Dee Khuntia

Deepak Dee Khuntia

Senior Vice President and Chief Medical Officer
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Varian Medical Systems Office Locations

Varian Medical Systems has offices in Machelen, Hydra, Tokyo, Daxing Qu and in 30 other locations
Palo Alto, US (HQ)
3100 Hansen Way
Las Vegas, US
6883 Spencer St
Milpitas, US
660 N McCarthy Blvd
Hydra, DZ
18A Cité des PTT
Belrose, AU
3 13A Narabang Way
Brunn am Gebirge, AT
Liebermannstraße A01 404
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Varian Medical Systems Financials and Metrics

Varian Medical Systems Revenue

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Varian Medical Systems's revenue was reported to be $2.67 b in FY, 2017 which is a 17.1% decrease from the previous period.
USD

Revenue (Q3, 2018)

709.1m

Gross profit (Q3, 2018)

313.6m

Gross profit margin (Q3, 2018), %

44.2%

Net income (Q3, 2018)

72.5m

EBIT (Q3, 2018)

91.5m

Market capitalization (15-Oct-2018)

9.6b

Closing stock price (15-Oct-2018)

105.0

Cash (29-Jun-2018)

536.0m

EV

9.1b
Varian Medical Systems's current market capitalization is $9.6 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

3.0b3.1b3.2b2.7b

Revenue growth, %

4%2%4%(17%)

Cost of goods sold

1.7b1.8b1.9b1.5b

Gross profit

1.3b1.3b1.4b1.2b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

737.9m759.4m784.0m757.1m758.8m789.4m763.3m655.0m662.4m678.5m729.9m709.1m

Cost of goods sold

410.8m436.9m469.0m447.4m441.5m443.0m428.8m379.7m369.1m375.7m411.4m395.5m

Gross profit

327.0m322.5m315.0m309.7m317.2m346.4m334.5m275.3m293.3m302.8m318.5m313.6m

Gross profit Margin, %

44%42%40%41%42%44%44%42%44%45%44%44%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

849.3m845.5m843.5m716.2m

Accounts Receivable

731.9m770.9m891.8m823.5m

Prepaid Expenses

148.6m164.0m145.7m199.8m

Inventories

572.3m612.6m639.7m439.7m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

904.4m862.2m951.4m953.4m961.1m835.9m814.7m705.5m658.2m822.6m739.9m536.0m

Accounts Receivable

663.0m707.9m673.7m768.5m852.6m840.4m801.7m761.5m747.5m880.1m936.7m933.6m

Prepaid Expenses

164.2m177.8m187.1m174.7m177.3m187.8m143.3m206.9m173.8m206.2m226.4m249.8m

Inventories

630.9m651.8m640.1m613.1m653.3m682.5m661.6m453.7m460.2m431.4m433.8m469.2m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

403.7m412.0m402.7m250.3m

Depreciation and Amortization

62.5m68.5m79.8m76.9m

Inventories

(43.3m)(41.6m)(27.7m)(100.0k)

Accounts Payable

2.0m6.5m9.7m5.5m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

93.3m199.3m312.9m89.0m186.0m284.9m21.0m77.0m167.6m(112.2m)(39.0m)33.5m

Depreciation and Amortization

17.1m33.4m50.0m18.5m37.9m56.4m22.3m41.0m58.5m19.1m35.8m53.5m

Inventories

(62.1m)(93.0m)(77.3m)(4.0m)(39.7m)(72.1m)(28.2m)(20.3m)(23.6m)(11.7m)(10.9m)(48.5m)

Accounts Payable

(37.0m)(12.8m)281.0k(14.2m)(13.6m)(5.1m)(20.7m)(9.9m)(600.0k)(10.3m)900.0k27.8m
USDY, 2018

EV/EBIT

99.3 x

EV/CFO

26.2 x

Financial Leverage

2.1 x
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Varian Medical Systems Operating Metrics

Varian Medical Systems's Backlog was reported to be $2.9b in Q3, 2018.
FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Jan, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018

Backlog

$3.20 b$3.12 b$3.09 b$3.14 b$3.48 b$3.34 b$3.28 b$3.06 b$3.45 b$3.39 b$3.14 b$3.26 b$3.52 b$3.02 b$2.93 b$2.95 b

Order Volume

$3.53 b$725.80 m$781.40 m$888 m$1.22 b$1.22 b$672 m$758.40 m$727.30 m$1.10 b$3.40 b$721.70 m$675.70 m$830.30 m$1.04 b$3.14 b$666.10 m$666 m$767.10 m

Linear Accelerators

7.50 k7.83 k

Proton Therapy Rooms Offered

50
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Varian Medical Systems Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
PerkinElmer's Medical Imaging BusinessDecember 22, 2016
Candela's radiotherapy businessSeptember 07, 2016
TrueBeam SystemsMay 23, 2016
Claymount TechnologiesJuly 30, 2015$55 m
MeVis Medical Solutions AGApril 21, 2015
TranspireJuly 31, 2014
Velocity Medical SolutionsApril 04, 2014
Applied Computational TechnologiesDecember 06, 2013
InfimedMarch 05, 2012
Calypso MedicalSeptember 19, 2011
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Varian Medical Systems Revenue Breakdown

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Varian Medical Systems revenue breakdown by business segment: 6.8% from Varian Particle Therapy and 93.2% from Oncology Systems

Varian Medical Systems revenue breakdown by geographic segment: 53.6% from International and 46.4% from United States

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Varian Medical Systems Online and Social Media Presence

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Varian Medical Systems News and Updates

Global Stereotactic Surgery Devices Market Size, Share & Trends Analysis Report, 2018-2025 with Siemens Ag, Elekta AB, Varian Medical Systems, IBA, and Accuray Dominating

DUBLIN, Aug. 23, 2018 /PRNewswire/ -- The "Stereotactic Surgery Devices Market Size, Share & Trends Analysis Report By Type (Gamma Knife, Linear Accelerator, CyberKnife, Proton Beam Therapy), By Region, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's...
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Varian Medical Systems Company Life and Culture

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