8-KEarnings & ResultsExhibits & Filings

AGILENT TECHNOLOGIES, INC. 8-K Report, Financial Results (Nov 22, 2021)

Filed November 22, 2021For Securities:A

Summary

Agilent Technologies, Inc. (A) filed an 8-K on November 22, 2021, to report its financial results for the fourth fiscal quarter ended October 31, 2021. The filing includes a press release (Exhibit 99.1) detailing these results, which the company presents using both GAAP and non-GAAP measures. Agilent emphasizes that its non-GAAP financial information is provided to offer investors a clearer view of its core operational performance and future prospects, aligning with how management internally assesses performance. Investors should note that the non-GAAP measures, which exclude items like restructuring and amortization, are presented as supplemental information and may differ from those reported by other companies. This approach aims to enhance transparency and allow for better comparisons with historical results and competitors, according to the company's management. The full details of the financial results and explanations of the non-GAAP methodology are available in the attached Exhibit 99.1.

Key Highlights

  • 1Agilent Technologies announced its fourth fiscal quarter (ended October 31, 2021) financial results via an 8-K filing.
  • 2The company provided both GAAP and non-GAAP financial information in its earnings release (Exhibit 99.1).
  • 3Agilent's management uses non-GAAP measures to assess core operational performance and future prospects.
  • 4Non-GAAP metrics are presented as supplemental information to enhance investor understanding and transparency.
  • 5The non-GAAP presentation excludes items such as restructuring and amortization to provide a view of ongoing operating performance.
  • 6Agilent notes that its non-GAAP information may not be directly comparable to that of other companies.
  • 7The filing is furnished and not deemed 'filed' for SEC liability purposes under Section 18 of the Exchange Act.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Agilent Technologies' financial results for its fourth fiscal quarter ended October 31, 2021, and to provide investors with supplemental information about the company's performance.

Agilent provides non-GAAP financial information to offer investors a more meaningful view of its operational performance and future prospects, as assessed by management. They believe this supplemental information enhances understanding of the company's core financial performance.

Agilent's non-GAAP financial measures typically exclude items that may have a material effect on expenses and earnings per share under GAAP, such as restructuring costs and amortization. These excluded items are monitored by management but not used for measuring ongoing operating performance.

No, the information furnished in this Item 2.02 and Exhibit 99.1 is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, meaning the company is not subject to liability under that section for this specific information.