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Varian Medical Systems Reports Results for Second Quarter of Fiscal Year 2013
Date:4/24/2013

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)Q2 QTR2013Q2 QTR2012Q2 YTD2013Q2 YTD2012Net orders

$

735.8862.81,355.01,468.9  Oncology Systems555.1564.81,032.01,049.5  X-Ray Products143.7130.4276.9240.2  Other37.0167.646.1179.2Order Backlog

$

2,752.62,652.82,752.62,652.8Revenues

$

768.4720.31,446.81,345.6  Oncology Systems581.8565.41,106.11,053.0  X-Ray Products140.4122.8273.3235.8  Other46.232.167.456.8Cost of revenues

$

448.8423.6836.1780.1Gross margin319.6296.7610.7565.5  As a percent of revenues41.6%41.2%42.2%42.0%Operating expenses  Research and development  50.947.198.090.9  Selling, general and administrative  113.0105.8219.5201.9Operating earnings 155.7143.8293.2272.7  As a percent of revenues20.3%20.0%20.3%20.3%I
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SOURCE Varian Medical Systems
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