8-KEarnings & ResultsExhibits & Filings

AGILENT TECHNOLOGIES, INC. 8-K Report, Financial Results (Feb 17, 2015)

Filed February 17, 2015For Securities:A

Summary

Agilent Technologies, Inc. reported its first fiscal quarter financial results for the period ending January 31, 2015, via a press release filed on February 17, 2015. The company is providing non-GAAP financial information alongside its GAAP results to offer investors a clearer view of operational performance and future prospects, as management uses these non-GAAP metrics to assess core business performance and for internal and competitive comparisons. Investors should note that the non-GAAP information excludes certain items like restructuring and amortization, which can materially impact GAAP earnings. While management monitors these excluded items for accuracy in GAAP reporting, they are not used to measure ongoing operating performance. The company emphasizes that its non-GAAP presentation may differ from that of other companies and directs investors to Exhibit 99.1 for a full explanation.

Key Highlights

  • 1Agilent Technologies announced Q1 2015 financial results on February 17, 2015.
  • 2The company is furnishing non-GAAP financial information to provide supplemental insight into operational performance.
  • 3Non-GAAP metrics are used by management to understand core financial performance and future prospects.
  • 4Non-GAAP results exclude items such as restructuring and amortization costs.
  • 5These excluded items can have a material impact on GAAP earnings per share.
  • 6Agilent management monitors excluded items but does not use them for ongoing operating performance measurement.
  • 7The company advises that its non-GAAP methodology may differ from other companies.

Frequently Asked Questions

The press release announces Agilent's financial results for the first fiscal quarter ended January 31, 2015. It also provides non-GAAP financial information intended to offer investors a more meaningful view of the company's operational performance and future prospects.

Agilent provides non-GAAP information to give investors supplemental data that management uses to assess the company's core current financial performance and future outlook. This allows for a clearer understanding of operational results, similar to how management views performance internally and when comparing to competitors.

Agilent's non-GAAP financial information excludes certain items that may materially affect GAAP earnings, such as restructuring costs and amortization expenses. While these are monitored for GAAP accuracy, they are not used by management to measure the company's ongoing operating performance.

Agilent explicitly states that its non-GAAP information may differ from the non-GAAP information provided by other companies. Investors should refer to Exhibit 99.1 for a detailed explanation of their non-GAAP methodology.