Sunny Sanyal on stock performance
From VAREX IMAGING (VREX) · · Sidoti Events
“I'm disappointed that the stock hasn't reflected all the good things that we're talking about here. I do think it's a little overdone for us and certainly the selloff that we saw after the earnings call was not warranted in that sense either.”
On , Sunny Sanyal, President, Chief Executive Officer & Director at VAREX IMAGING CORP, spoke about stock performance during VAREX IMAGING (VREX) on Sidoti Events.
About Sunny Sanyal
Sunny Sanyal, President and CEO of Varex Imaging, stated at a Sidoti conference in April 2025 that the impact of China’s anti-corruption campaign on the company’s sales is "largely behind us," though he noted lingering effects and said buying behavior among OEM customers in China has opened up with more positive sentiment. He said the company expects gradual improvement rather than a snapback. Sanyal also discussed the company’s position on tariffs, stating that the direct cost impact of tariffs is not significant and that the company has diversified its supply chain with suppliers in Europe, India, and self-sufficient operations in China. He said the selloff after the company’s earnings call was "not warranted." Sanyal highlighted several growth opportunities, including radiographic imaging from India, photon counting detectors expected to contribute $150 million by 2029, and cargo inspection as a new revenue segment. He said the company sells $20 to $25 million worth of photon counting detectors annually, with one global OEM on track for launch. Regarding the cargo inspection market, Sanyal said demand is being spurred by global security concerns and that the company’s linear accelerators can be used for material discrimination, a feature that may become more important with tariffs. He also stated that the destocking event among OEMs is "largely behind us," with an uptick in order intake rates in the fourth quarter and first quarter.