Summary
Agilent Technologies, Inc. filed an 8-K on August 14, 2014, to announce its financial results for the third fiscal quarter ended July 31, 2014. The filing primarily consists of a press release (Exhibit 99.1) detailing these results. Investors should note that Agilent is providing both GAAP and non-GAAP financial information. The company emphasizes that non-GAAP measures are intended to offer supplemental insights into operational performance and core financial results, as viewed by management, and are used for internal comparisons and with competitors. These non-GAAP figures exclude certain items like restructuring and amortization costs that can materially impact GAAP earnings per share, with a full explanation available in Exhibit 99.1.
Key Highlights
- 1Agilent Technologies reported its third fiscal quarter financial results for the period ending July 31, 2014.
- 2The company released financial results via a press release, furnished as Exhibit 99.1 to the 8-K filing.
- 3Both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures are being provided to investors.
- 4Non-GAAP financial information is presented to offer supplemental insights into operational performance and future prospects.
- 5Management uses non-GAAP measures to assess ongoing operating performance, enabling comparisons to historical results and competitors.
- 6Key exclusions in non-GAAP reporting include restructuring costs and amortization, which can affect GAAP earnings.
- 7A detailed explanation of the non-GAAP financial information is available within Exhibit 99.1.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce Agilent Technologies' financial results for the third fiscal quarter ended July 31, 2014, through the issuance of a press release.
GAAP information represents the company's financial results prepared according to Generally Accepted Accounting Principles. Non-GAAP information is a supplemental measure that excludes certain items, such as restructuring and amortization, which management believes do not reflect ongoing operational performance. Agilent provides non-GAAP measures to give investors a clearer view of core financial performance and to facilitate comparisons.
The detailed financial results and a full explanation of the non-GAAP financial information are provided in the press release attached as Exhibit 99.1 to this 8-K filing.
Agilent states that its non-GAAP financial information may differ from the non-GAAP information provided by other companies. While management uses its non-GAAP measures for competitor comparisons, investors should exercise caution and refer to the specific definitions and reconciliations provided by each company.