Summary
Agilent Technologies, Inc. has filed an 8-K report on August 15, 2017, to announce its financial results for the third fiscal quarter ended July 31, 2017. The primary purpose of this filing is to furnish a press release, included as Exhibit 99.1, which details these quarterly results. Investors should note that the company provides both GAAP and non-GAAP financial information, emphasizing that non-GAAP measures are used internally by management to assess operational performance and provide a clearer view of the company's core financial health and future prospects.
Key Highlights
- 1Agilent Technologies announced its financial results for the third fiscal quarter ended July 31, 2017.
- 2The company furnished a press release (Exhibit 99.1) containing these financial results, which is not deemed 'filed' for regulatory purposes.
- 3Agilent provides non-GAAP financial information alongside GAAP results to offer supplemental insights into operational performance.
- 4Non-GAAP measures are used by management to understand core financial performance and future prospects, facilitating comparisons to historical and competitor results.
- 5Excluded from non-GAAP measures are items like restructuring and amortization, which may materially affect GAAP earnings per share but are not used to measure ongoing operating performance.
- 6The company believes non-GAAP information enhances investor understanding and transparency.
- 7Investors are advised to review Exhibit 99.1 for a full understanding of the financial results and the reconciliation of non-GAAP measures.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce and provide Agilent Technologies' financial results for the third fiscal quarter ended July 31, 2017, through a furnished press release (Exhibit 99.1).
Yes, Agilent provides both GAAP (Generally Accepted Accounting Principles) and non-GAAP financial information. They emphasize that non-GAAP measures are used internally by management to assess operational performance and provide supplemental insights to investors.
Agilent's non-GAAP financial measures exclude items such as restructuring costs and amortization. These exclusions are made because management does not use them to measure the ongoing operating performance of the company, although they are monitored for GAAP reporting.
The detailed financial results and an explanation of the non-GAAP financial information, including the reconciliation from GAAP, are available in Exhibit 99.1, which is attached to this 8-K filing.