8-KEarnings & ResultsOther EventsExhibits & Filings

AGILENT TECHNOLOGIES, INC. 8-K Report, Financial Results (Nov 19, 2018)

Filed November 19, 2018For Securities:A

Summary

Agilent Technologies, Inc. announced its fourth fiscal quarter and full-year 2018 financial results on November 19, 2018. The company provided non-GAAP financial information alongside its GAAP results to offer investors a clearer view of operational performance, excluding items like restructuring and amortization. This approach aims to enhance understanding of core financial performance and future prospects, aligning with management's internal performance metrics and comparisons to industry peers. In addition to financial results, Agilent's Board of Directors approved a new share repurchase program, authorizing up to $1.75 billion in stock buybacks. This program, effective November 21, 2018, replaces the previous one and has no expiration date, signaling the company's commitment to returning value to shareholders and potentially boosting earnings per share. Investors should review the accompanying press release (Exhibit 99.1) for detailed financial figures and further explanations of their non-GAAP measures.

Key Highlights

  • 1Agilent Technologies reported its Q4 FY18 financial results on November 19, 2018.
  • 2The company furnished non-GAAP financial measures to supplement GAAP results, providing insights into operational performance.
  • 3Non-GAAP measures exclude items such as restructuring and amortization to reflect management's view of ongoing performance.
  • 4A new share repurchase program was authorized by the Board of Directors, with a value of up to $1.75 billion.
  • 5The new repurchase program commences on November 21, 2018, replacing the prior program.
  • 6The 2018 Share Repurchase Program has no expiration date and its execution is subject to market conditions and strategic considerations.

Frequently Asked Questions

Agilent provides non-GAAP financial information to offer a more meaningful supplemental view of its operational performance and to enhance investors' understanding of its core financial performance and future prospects. Management uses these measures to assess performance internally and compare it with competitors.

The Board of Directors approved a new share repurchase program authorizing the purchase of up to $1.75 billion of the Company's common stock. This program is intended to return value to shareholders.

The new $1.75 billion share repurchase program commences on November 21, 2018, and replaces the previous program. It has no expiration date and the timing and amount of repurchases will depend on factors such as share price, market conditions, and corporate needs.

The detailed financial results for the fourth fiscal quarter ended October 31, 2018, along with further explanations of the non-GAAP financial information, are provided in the press release attached as Exhibit 99.1 to this 8-K filing.