Teledyne to acquire Varex for $18.90/share; Varex reports Q3 F26 revenue growth, higher non-GAAP EPS

 

Teledyne to acquire Varex Imaging for $18.90 per share as Varex reports Q3 FY2026 revenue growth and higher non-GAAP EPS

• Transaction values Varex at approximately $1.1 billion in all-cash consideration from Teledyne.
• Q3 FY2026 revenue increased 4% to $211 million, with margins boosted by roughly $10 million of IEEPA tariff refunds.
• Non-GAAP EPS rose to $0.31 from $0.13 year over year in Q3 FY2026.
• Varex cancelled its Q3 earnings call and withheld guidance due to the pending Teledyne acquisition.

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