Varex Imaging Says Demand Steady Despite Geopolitics; Tariff Relief to Lift Margins, India Ramp Ahead

Varex Imaging reported stable demand despite geopolitical events and tariff volatility, noting healthcare and non-destructive testing are largely unaffected, while security-related inquiries are rising. The company anticipates modest gross margin improvements as higher-tariff inventory clears, and expects significant growth from India manufacturing expansion, photon-counting CT detectors, cargo inspection systems, and recent debt refinancing. These initiatives are projected to boost revenue, profitability, and annual EPS.