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. 

Type
Public
HQ
Palo Alto, US
Founded
1948
Size (employees)
6,600 (est)-15%
Website
varian.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 an office in Palo Alto
Palo Alto, US (HQ)
3100 Hansen Way
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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

Net income (Q2, 2018)

(39 m)

Market capitalization (11-Jul-2018)

10.7 b

Closing share price (11-Jul-2018)

116.6
Varian Medical Systems's current market capitalization is $10.7 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

3 b3.1 b3.2 b2.7 b

Revenue growth, %

4%2%4%(17%)

Cost of goods sold

1.7 b1.8 b1.9 b1.5 b

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

327 m322.5 m315 m309.7 m317.2 m346.4 m334.5 m275.3 m293.3 m302.8 m

Gross profit Margin, %

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

Cash

849.3 m845.5 m843.5 m716.2 m

Accounts Receivable

731.9 m770.9 m891.8 m823.5 m

Prepaid Expenses

148.6 m164 m145.7 m199.8 m

Inventories

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

Cash

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

Accounts Receivable

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

Prepaid Expenses

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

Inventories

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

Net Income

403.7 m412 m402.7 m250.3 m

Depreciation and Amortization

62.5 m68.5 m79.8 m76.9 m

Inventories

(43.3 m)(41.6 m)(27.7 m)(100 k)

Accounts Payable

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

Net Income

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

Depreciation and Amortization

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

Inventories

(62.1 m)(93 m)(77.3 m)(4 m)(39.7 m)(72.1 m)(28.2 m)(20.3 m)(23.6 m)(11.7 m)

Accounts Payable

(37 m)(12.8 m)281 k(14.2 m)(13.6 m)(5.1 m)(20.7 m)(9.9 m)(600 k)(10.3 m)
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Varian Medical Systems Operating Metrics

Varian Medical Systems's Backlog was reported to be $3b in Q1, 2018.
FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Jan, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 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

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

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 Business December 22, 2016
Candela's radiotherapy business September 07, 2016
TrueBeam Systems May 23, 2016
Claymount Technologies July 30, 2015$55 m
MeVis Medical Solutions AG April 21, 2015
Transpire July 31, 2014
Velocity Medical Solutions April 04, 2014
Applied Computational Technologies December 06, 2013
Infimed March 05, 2012
Calypso Medical September 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

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Varian Medical Systems Online and Social Media Presence

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Varian Medical Systems News and Updates

BRIEF-Sirtex Medical Updates On FIRB Approval Regarding Acquisition Of Co By Varian Medical Systems

* ‍ANNOUNCES FIRB HAS DECIDED THAT COMMONWEALTH OF AUSTRALIA HAS NO OBJECTION TO VARIAN MEDICAL SYSTEMS TO ACQUIRE SIRTEX​ Source text for Eikon: Further company coverage:
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Varian Medical Systems Company Life and Culture

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