8-KRegulation FD

AGILENT TECHNOLOGIES, INC. 8-K Report, Regulation FD Disclosure (Dec 9, 2008)

Filed December 9, 2008For Securities:A

Summary

Agilent Technologies, Inc. filed a Form 8-K on December 9, 2008, to announce revised financial guidance for its fiscal first quarter of 2009. The company cited deteriorating economic conditions, particularly in its electronic measurement markets, as the primary reason for the downward revision. New revenue guidance was lowered to a range of $1.25 billion to $1.30 billion, representing a year-over-year decrease of 10% to 7%. This is a reduction from the previous guidance of $1.34 billion to $1.39 billion. Additionally, non-GAAP earnings per share guidance was decreased to $0.28 - $0.32, down from the previously issued range of $0.34 - $0.38. The company provided non-GAAP figures to offer supplemental insight into operational performance and future prospects, excluding items like restructuring charges and amortization.

Key Highlights

  • 1Revised Q1 2009 revenue guidance lowered to $1.25 billion - $1.30 billion (down 10% to 7% year-over-year).
  • 2Previous Q1 2009 revenue guidance was $1.34 billion - $1.39 billion.
  • 3Revised Q1 2009 non-GAAP earnings per share guidance lowered to $0.28 - $0.32.
  • 4Previous Q1 2009 non-GAAP earnings per share guidance was $0.34 - $0.38.
  • 5Deteriorating economic conditions, especially in electronic measurement markets, are cited as the cause for guidance revision.
  • 6Non-GAAP earnings guidance excludes restructuring, asset impairment charges, and non-cash amortization.
  • 7The company emphasizes that these revised figures are not in accordance with GAAP and are provided for supplemental understanding of operational performance.

Frequently Asked Questions

Agilent Technologies lowered its financial guidance for the fiscal first quarter of 2009 due to deteriorating economic conditions, specifically noting weakness in its electronic measurement markets.

The revised revenue guidance for Q1 2009 is between $1.25 billion and $1.30 billion. The revised non-GAAP earnings per share guidance is between $0.28 and $0.32.

Agilent's non-GAAP earnings guidance excludes items such as future restructuring charges, asset impairment charges, and non-cash amortization. The company provides this non-GAAP information to offer supplemental insight into operational performance and future prospects, distinct from generally accepted accounting principles (GAAP).

Potential risks include further declines in general economic conditions, global credit and equity markets, unforeseen changes in customer businesses and demand, competitive and pricing pressures, and the ability to successfully execute cost reductions and introduce new products.