VARIAN MEDICAL SYSTEMS INC (VAR) [Rocket]

In millions, except per share items	Oct-02-20	Sep-27-19	Sep-28-18	Sep-29-17	Sep-30-16	Oct-02-15	Sep-26-14	Sep-27-13
Revenues	3,168.2	3,225.1	2,919.1	2,619.3	2,593.7	2,490.7	3,049.8	2,942.9
Revenue growth	-1.8%	10.5%	11.4%	1.0%	4.1%	-18.3%	3.6%	4.8%
Cost of goods sold	1,791.0	1,854.8	1,645.5	1,505.4	1,489.0	1,458.6	1,748.1	1,693.2
Gross profit	1,377.2	1,370.3	1,273.6	1,113.9	1,104.7	1,032.1	1,301.7	1,249.7
Gross margin	43.5%	42.5%	43.6%	42.5%	42.6%	41.4%	42.7%	42.5%
Selling, general and administrative	671.8	623.1	543.5	552.8	472.2	441.0	470.6	432.6
Research and development	280.6	247.6	233.9	210.0	200.4	195.4	234.8	208.2
EBITA	438.4	464.1	480.4	349.2	447.7	404.1	601.1	613.2
EBITA margin	13.8%	14.4%	16.5%	13.3%	17.3%	16.2%	19.7%	20.8%
Amortization of intangibles	38.2	27.3	20.6		15.6	8.4	4.8	4.3
EBIT	400.2	436.8	459.8	349.2	432.1	395.7	596.3	608.9
EBIT margin	12.6%	13.5%	15.8%	13.3%	16.7%	15.9%	19.6%	20.7%
Pre-tax income	358.3	420.8	452.1	303.1	432.4	401.3	574.5	612.1
Income taxes	88.9	128.6	301.8	77.1	110.1	89.9	170.8	173.8
Tax rate	24.8%	30.6%	66.8%	25.4%	25.5%	22.4%	29.7%	28.4%
Earnings from continuing ops	358.1	420.5	451.7	452.0	322.3	310.9	403.7	438.2
Earnings from discontinued ops				-6.8	77.4	100.6
Net income	358.1	420.5	451.7	445.2	399.7	411.5	403.7	438.2
Net margin	11.3%	13.0%	15.5%	17.0%	15.4%	16.5%	13.2%	14.9%

Diluted EPS	$3.91	$4.58	$4.88	$4.85	$3.36	$3.09	$3.83	$3.98
Shares outstanding (diluted)	91.5	91.9	92.5	93.2	96.0	100.6	105.3	110.1

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.