Agilent Technologies, Inc. F1Q09 (Qtr End 01/31/09) Earnings Call Transcript

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2009-02-17 18:07:11.0

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Earnings Call Excerpt

Agilent Technologies, Inc. (A)

F1Q09 Earnings Call

February 17, 2009 4:45 pm ET

Executives

Rodney Gonsalves - Vice President of Investor Relations

Bill Sullivan - President and CEO

Adrian Dillon - Executive Vice President of Finance and Administration and CFO

Analysts

Mark Moskowitz – JP Morgan

John Wood - Banc of America

William Stein – Credit Suisse

John Harmon - Needham & Company

Ajit Pai – Thomas Weisel

Richard Eastman – Robert Baird

Presentation

Operator

Welcome to the first quarter 2009 Agilent Technologies, Incorporated Earnings Conference Call. (Operator Instructions) I would now like to turn your presentation over to Mr. Rodney Gonsalves, Vice President of Investor Relations.

Rodney Gonsalves

Welcome to Agilent's first quarter conference call for FY 2009. With me are Agilent's President and CEO, Bill Sullivan and Executive Vice President of Finance and Administration and CFO, Adrian Dillon. After my introductory comments, Bill will give his perspective on the quarter and the business environment. Adrian will follow with his review of the financials and the performance of each of the businesses. After Adrian’s comments we will open the lines and take your questions.

In case you haven’t had a chance to review our press release, you can find it on our web site at www.Investor.Agilent.com. We are also providing further information to supplement today’s discussion. After you log on to our web casting module from our web site you can click on the link for supplemental information. You will find additional information such as our end market revenue breakout and historical financial information for Agilent's continuing operations.

In accordance with SEC Regulation G, if during this conference call we use any non-GAAP financial measures you will find on our web site the required reconciliation to the most directly comparable GAAP financial measure. In addition, I would like to remind you that we may make forward-looking statements about the future financial performance of the company that involves risks and uncertainties. These risks and uncertainties could cause Agilent's results to differ materially from management’s current expectations.

We encourage you to look at the company’s most recent filings with the SEC to get a more complete picture of all the factors at work. The forward-looking statements, including guidance provided during today’s call are only valid as of this date and the company assumes no obligation to update such statements as we move through the current quarter.

As a reminder Agilent is now including share-based compensation in both its segment and pro forma results. We have restated our historical results to reflect the change and those restatements are available on our web site.

 

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