8-KEarnings & ResultsExhibits & Filings

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

Filed November 14, 2013For Securities:A

Summary

Agilent Technologies, Inc. (A) filed an 8-K on November 14, 2013, to announce its financial results for the fourth fiscal quarter ended October 31, 2013. The filing primarily references a press release (Exhibit 99.1) which contains the detailed financial information. A significant aspect of this report is Agilent's provision of non-GAAP financial information alongside GAAP results. The company states that this non-GAAP reporting aims to offer a more meaningful view of operational performance and enhance investor understanding of core financial results and future prospects. Investors should note that the non-GAAP information excludes certain items like restructuring and amortization expenses, which can materially affect GAAP earnings. Agilent emphasizes that management uses these non-GAAP measures to assess ongoing operating performance and for internal and competitor comparisons, believing it provides greater transparency. While presented as a supplement to GAAP, this non-GAAP data is not in accordance with U.S. GAAP and may differ from that provided by other companies.

Key Highlights

  • 1Agilent Technologies announced fourth fiscal quarter (ended Oct 31, 2013) financial results via an 8-K filing.
  • 2The primary information is contained within an attached press release (Exhibit 99.1).
  • 3The company provided both GAAP and non-GAAP financial information.
  • 4Agilent utilizes non-GAAP measures to offer investors a view of operational performance "through the eyes of management".
  • 5Key excluded items in non-GAAP reporting include restructuring and amortization costs.
  • 6Management uses non-GAAP measures for internal performance assessment and comparisons.
  • 7The non-GAAP information is supplemental and not a substitute for GAAP reporting.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Agilent Technologies' financial results for its fourth fiscal quarter, which ended on October 31, 2013. It directs investors to a press release (Exhibit 99.1) for the detailed financial information.

Agilent provides non-GAAP financial information to offer supplemental insights into its operational performance and to help investors better understand the company's core financial results and future outlook. Management uses these measures to assess ongoing performance and for comparisons, believing it enhances transparency.

The non-GAAP financial information provided by Agilent excludes items that may have a material impact on GAAP earnings, such as restructuring charges and amortization expenses. Management monitors these excluded items but does not use them to measure the ongoing operating performance of the company.

No, the non-GAAP financial information is not in accordance with, or an alternative for, U.S. Generally Accepted Accounting Principles (GAAP). It is a supplemental measure that may differ from the non-GAAP information provided by other companies and is presented to provide a different perspective on operational performance.