For the fourth quarter (end-October 2), Varian reported revenues of $850.5 million, down 3% compared with $878.9 million in the corresponding quarter of 2019. The company's net earnings for the quarter were $76.6 million, compared with $70.7 million in the fourth quarter of 2019.

For the year, Varian posted revenues of $3.168 billion, down 2% compared with sales of $3.225 billion for the full year in 2019. For the full year, the company's net earnings were $269.2 million, compared with $291.9 million for the entire year in 2019.

In discussing the results, the company reported that while the COVID-19 pandemic was a "headwind," the company expected to enter its 2021 fiscal year with "momentum" and planned to focus on closing its acquisition by Siemens Healthineers in the first half of calendar 2021.