8-KEarnings & ResultsExhibits & Filings

AGILENT TECHNOLOGIES, INC. 8-K Report, Financial Results (May 13, 2011)

Filed May 13, 2011For Securities:A

Summary

Agilent Technologies, Inc. filed an 8-K report on May 13, 2011, to announce its financial results for the second fiscal quarter ended April 30, 2011. The filing primarily directs investors to a press release (Exhibit 99.1) which contains the detailed financial information. The company emphasizes its use of non-GAAP financial measures to provide a clearer view of operational performance and future prospects, explaining that these measures exclude certain items like restructuring and amortization to better reflect core business performance as viewed by management and in comparison to competitors. Investors should review the attached press release for specific revenue, earnings, and segment performance figures. The company's rationale for presenting non-GAAP data suggests a focus on underlying business trends, and it's important for investors to understand how these adjustments are made, as they may differ from other companies' non-GAAP reporting. The filing itself is procedural, serving as a notification of the released financial results and the accompanying detailed information in the press release.

Key Highlights

  • 1Agilent Technologies announced its second fiscal quarter 2011 financial results on May 13, 2011.
  • 2The primary content of the filing is the announcement of results via a press release (Exhibit 99.1).
  • 3The company utilizes non-GAAP financial information to provide supplemental insights into operational performance.
  • 4Non-GAAP measures are presented to offer a view of core financial performance and future prospects, as seen by management.
  • 5Items excluded in non-GAAP reporting include restructuring costs and amortization.
  • 6Management uses non-GAAP figures for internal performance measurement and comparisons with competitors.
  • 7The non-GAAP information provided may differ from that of other companies.

Frequently Asked Questions

The detailed financial results for the second fiscal quarter ended April 30, 2011, are provided in the press release attached as Exhibit 99.1 to this 8-K filing. Investors should refer to this press release for specific figures on revenue, earnings, and segment performance.

Agilent provides non-GAAP financial information to offer a more meaningful view of its operational performance and to enhance investors' understanding of the company's core financial performance and future prospects. Management uses these measures to assess ongoing performance and for comparisons with historical results and competitors.

The non-GAAP financial information excludes items that may have a material effect on expenses and earnings per share calculated under Generally Accepted Accounting Principles (GAAP). Specifically mentioned exclusions are restructuring costs and amortization. Management monitors these items but does not use them for measuring ongoing operating performance.

Investors should review both the GAAP and non-GAAP financial information. While non-GAAP figures offer insights into management's view of core performance, they are not a substitute for GAAP results. It is also important to note that Agilent's non-GAAP reporting may differ from that of other companies.