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Varian Medical Systems Reports Results for Third Quarter of Fiscal Year 2012
Date:7/25/2012

nts, or otherwise.

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)Q3 QTR2012Q3 QTR2011Q3 YTD2012Q3 YTD2011Net orders

$

689.4691.32,158.31,965.6  Oncology Systems562.0553.21,611.51,532.3  X-Ray Products120.1120.9360.3356.5  Security & Inspection Products6.115.760.974.1  Varian Particle Therapy  0.81.1125.02.3  Ginzton Technology Center0.40.40.60.4Order backlog

$

2,636.92,280.52,636.92,280.5Revenues

$

705.3649.42,050.91,877.7  Oncology Systems546.4512.51,599.41,472.8  X-Ray Products126.7120.8362.5350.2  Other32.216.189.054.7Cost of revenues

$

397.7369.61,177.81,042.1Gross margin307.6279.8873.1835.6  As a percent of revenues43.6%43.1%42.6%44.5%Operating expenses  Research and development  48.944.4139.8126.8  Selling, general and administrative  105.194.9307.0280.1Operating earnings 153.6140.5426.3428.7  As a percent of revenues21.8%21.6%20.8%22.8%Interest income, net0.40.11.10.2Earnings before taxes154.0140.6427.4428.9Taxes on earnings 45.242.0120.6130.7Net earnings

$

108.898.6306.8298.2  As a percent of revenues15.4%15.2%15.0%15.9%Net earnings per share – basic

$

0.980.842.742.54Net earnings per share – diluted

$

0.960.832.692.49Shares used in the calculation of net earnings per share: 
Average shares outstanding - basic111.1116.9111.9117.6Average shares outstanding - diluted112.8119.1114.0119.8Varian Medical Systems, Inc. and SubsidiariesCondensed Consolidated Balance Sheets(In thousands)June 29,  Se
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SOURCE Varian Medical Systems, Inc.
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