Varian Reports Results for Second Quarter of Fiscal Year 2018

Thursday, April 26, 2018 General News
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(1)

Includes $1.5 million, $1.2 million, $2.7 million, and $2.5 million, respectively, in cost of revenues for the periods presented.

(2)

Primarily includes $16.4 million for the hedging loss related to the Australian dollar purchase price for Sirtex Medical Limited.

(3)

Represents the tax effect of a change in law related to the U.S. Tax Cuts and Jobs Act. The corporate rate reduction results in a remeasurement of our Deferred Tax Assets of $2.5 million in the second quarter and $40.2 million in the year-to-date period. The mandatory deemed repatriation of unremitted foreign earnings results in an estimated charge of $3.7 million in the second quarter and $173.1 million in the year-to-date period.

(4)

Excludes immaterial net earnings (loss) from continuing operations attributable to noncontrolling interests for the periods presented.

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