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Varian Medical Systems Reports Results for Fourth Quarter of Fiscal Year 2012
Date:10/25/2012

s of certain X-ray products, including those located in Japan; 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 to public tender awards and the loss of such awards or other orders; 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. The company assumes no obligation to update or revise the forward-looking statements in this release because of new information, future events, or otherwise.

FOR INFORMATION CONTACT:Elisha Finney (650) 424-6803
elisha.finney@varian.com

Spencer Sias (650) 424-5782
spencer.sias@varian.com

A summary of earnings and other financial information follows.Varian Medical Systems, Inc. and Subsidiaries Condensed Consolidated Statements of Earnings

 (Unaudited)(Dollars and shares in millions, except per share amounts)Q4 QTR2012Q4 QTR2011Q4 YTD2012Q4 YTD2011Net orders

$

963.6967.93,121.92,933.5  Oncology Systems788.6717.22,400.12,249.5  X-Ray Products145.3126.3505.6482.8  Security & Inspection Products29.035.889.9109.9  Varian Particle Therapy  0.788.6125.790.9Ginzton Technology Center--0.60.4Order backlog$

2,844.32,529.52,844.32,529.5Revenues

$

756.1719.02,807.02,596.7  Oncology Systems590.1549.12,189.52,021.9  X-Ray Products130.1119.0492.6469.2  Other35.950.9124.9105.6Cost of revenues

$

432.9418.71,610.71,460.8Gross margin323.2300.31,196.31,135.9  As a percent of revenues42.8%41.8%42.6%43.7%Operating expenses  Research and development  45.943.9185.7170.7  Selling, general and administrative  109.596.7416.5376.8O
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SOURCE Varian Medical Systems
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8. Erich R. Reinhardt Appointed to Board of Directors of Varian Medical Systems
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10. Varian Medical Systems CEO Timothy E. Guertin Announces Plans to Retire; Board of Directors Names Dow R. Wilson as Successor
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