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Varian Medical Systems

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    • HealthManufacturing & Industrialimagingmedical devicesmedtech

    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. 

    Revenue(FY, 2017)
    $2.7 B
    Market capitalization(2018-07-11)
    $10.7 B
    Backlog(Q1, 2018)
    $3 B
    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
    Show all (1)
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    Varian Medical Systems Financials and Metrics

    Varian Medical Systems Revenue

    Embed Graph
    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%
    show all
    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
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    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)
    show all
    Show all financial metrics

    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
    Show all operating metrics

    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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    Competitors

    Zimmer Biomet
    Health - Public
    Globus Medical
    Health - Public
    Dynatronics Corporation
    Health - Public
    Inogen
    Health - Public
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    Varian Medical Systems Online and Social Media Presence

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    Varian Medical Systems News and Updates

    April 25, 2018

    Varian Medical Systems (VAR) Q2 2018 Results - Earnings Call Transcript

    April 25, 2018

    Varian Medical Systems, Inc. 2018 Q2 - Results - Earnings Call Slides

    April 06, 2018

    Hold On To Varian Medical Systems In 2018

    March 26, 2018

    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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