"We are pleased with the results, particularly in a third quarter, which is traditionally a challenging quarter for us," said Garry W. Rogerson, president and CEO, in a statement.
Pro-forma net earnings were $16.1 million, up from $12.3 million last year. GAAP net earnings were $15.4 million, vs. $10.7 million, when the company wrote down $1.6 million in restructuring and other one-time charges.
Last quarter Varian took $1.6 million in restructuring charges due to a previously announced consolidation of consumables factories in southern California.
EMS revenues were up 17.5%, to $52.7 million, on higher demand for medical and industrial equipment. The EMS pro-forma and GAAP operating profit margin was 12.2%.
Overall, the operating profit margin was 10.5% on a pro-forma basis and 8.9% on a GAAP basis.