Summary
Applied Materials, Inc. (AMAT) filed an 8-K on November 17, 2004, to announce its financial results for the fourth fiscal quarter and the full fiscal year ended October 31, 2004. The filing primarily directs investors to a press release (Exhibit 99.1) that contains the detailed financial performance information. Investors should note that the company is presenting both GAAP (Generally Accepted Accounting Principles) and non-GAAP financial measures, specifically focusing on 'ongoing results' which exclude special items related to realignment activities. This non-GAAP approach is highlighted as a key metric used by management for planning and forecasting, intended to provide a clearer view of baseline performance.
Key Highlights
- 1Announcement of Q4 and full fiscal year 2004 financial results.
- 2Press release containing detailed financial information is attached as Exhibit 99.1.
- 3Company is providing both GAAP and non-GAAP financial results.
- 4Non-GAAP results are adjusted to exclude 'special items' from realignment activities.
- 5Management emphasizes 'ongoing results' (non-GAAP) as a key indicator for planning and forecasting.
- 6Information in this report and exhibit is not incorporated by reference into future SEC filings unless expressly stated.
Frequently Asked Questions
The primary purpose of this 8-K filing is to formally announce Applied Materials' financial results for its fourth fiscal quarter and its entire fiscal year ended October 31, 2004, and to provide access to the accompanying press release which contains the detailed financial information.
The filing states that non-GAAP results are derived from GAAP net income but adjusted to exclude 'special items' related to realignment activities. Applied Materials believes these 'ongoing results' offer a better reflection of baseline performance and are used by management for planning and forecasting.
The detailed financial results and performance metrics are contained within the press release issued by Applied Materials on November 17, 2004, which is attached as Exhibit 99.1 to this 8-K filing. Investors should refer to this exhibit for specific figures.
This filing (Item 2.02) primarily refers to the press release (Exhibit 99.1) for the results of operations and financial condition. While the 8-K itself doesn't contain the full financial statements, it serves as the official notification and directs investors to the detailed announcement.