Summary
Keysight Technologies, Inc. (KEYS) filed an 8-K on August 21, 2018, to report its financial results for the third fiscal quarter ended July 31, 2018. The report primarily references a press release (Exhibit 99.1) that details these results. The company emphasizes its use of non-GAAP financial measures to provide supplemental insights into operational performance and future prospects, stating that these measures offer a clearer view of core financial performance as assessed by management, excluding items like share-based compensation, restructuring costs, and acquisition-related expenses. Investors should note that while the press release provides detailed financial figures, the 8-K itself mainly serves as a notification and attachment mechanism for this information. The distinction between GAAP and non-GAAP reporting is highlighted, with management believing non-GAAP metrics better reflect the company's ongoing operational performance. Further details and reconciliations of non-GAAP measures to GAAP can be found within the attached press release.
Key Highlights
- 1Keysight Technologies announced its financial results for the third fiscal quarter ended July 31, 2018.
- 2The announcement was made via a press release filed as Exhibit 99.1 to the 8-K.
- 3The company utilizes and provides non-GAAP financial information to supplement its GAAP reporting.
- 4Non-GAAP measures are presented to offer investors insights into operational performance and future prospects, as viewed by management.
- 5Key exclusions from non-GAAP measures include share-based compensation, restructuring costs, and acquisition-related expenses.
- 6Management uses non-GAAP measures for internal performance comparisons and comparisons with competitors.
- 7The 8-K filing itself does not contain the detailed financial results but directs investors to the attached press release.