8-KEarnings & Results

AGILENT TECHNOLOGIES, INC. 8-K Report, Financial Results (May 14, 2013)

Filed May 14, 2013For Securities:A

Summary

Agilent Technologies, Inc. filed an 8-K on May 14, 2013, primarily to announce its financial results for the second fiscal quarter ended April 30, 2013. The report emphasizes the company's use of non-GAAP financial information to provide investors with a clearer view of its operational performance and future prospects, as seen through the eyes of management. This non-GAAP reporting excludes items like restructuring and amortization, which are not considered by management in measuring ongoing operating performance, thereby offering a supplemental perspective alongside standard GAAP reporting. Investors should note that while this 8-K provides important financial updates, the detailed financial results and explanations of non-GAAP measures are contained within the attached press release (Exhibit 99.1). The company uses these non-GAAP figures for internal comparisons and to provide greater transparency, aligning with historical reporting practices. It's important for investors to understand that these non-GAAP measures may differ from those reported by other companies and are not a substitute for GAAP reporting.

Key Highlights

  • 1Agilent Technologies announced its second fiscal quarter 2013 financial results on May 14, 2013.
  • 2The 8-K filing's primary purpose is to report these financial results via an attached press release (Exhibit 99.1).
  • 3The company highlights its use of non-GAAP financial information to offer supplemental insights into operational performance.
  • 4Non-GAAP measures are presented to provide a view of core financial performance and future prospects as seen by management.
  • 5Items such as restructuring and amortization are excluded from non-GAAP reporting as they are not used to measure ongoing operating performance.
  • 6Agilent believes non-GAAP information enhances transparency and aids in management's financial and operational decision-making.
  • 7Investors are directed to Exhibit 99.1 for the detailed financial results and explanations of non-GAAP metrics.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Agilent Technologies' financial results for the second fiscal quarter ended April 30, 2013. The detailed financial information is provided in an attached press release, Exhibit 99.1.

Agilent provides non-GAAP financial information to offer supplemental insights into its operational performance and to enhance investors' understanding of its core financial performance and future prospects. They believe this provides a clearer view of performance as seen by management.

Agilent's non-GAAP reporting excludes items such as restructuring and amortization, which they do not use to measure the ongoing operating performance of the company, although management monitors these for GAAP results.

Agilent states that the non-GAAP information they provide may be different from the non-GAAP information provided by other companies. Investors should use these figures with awareness of this potential difference.