Agilent Technologies Files Q2 2024 10-Q
Ticker: A · Form: 10-Q · Filed: Jun 3, 2024 · CIK: 1090872
| Field | Detail |
|---|---|
| Company | Agilent Technologies, Inc. (A) |
| Form Type | 10-Q |
| Filed Date | Jun 3, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, analytical instruments
TL;DR
Agilent's Q2 2024 10-Q is in. Fiscal year ends Oct 31.
AI Summary
Agilent Technologies, Inc. filed its 10-Q for the period ending April 30, 2024. The company, headquartered in Santa Clara, CA, operates in the laboratory analytical instruments sector. This filing covers their second fiscal quarter of 2024, with their fiscal year ending October 31, 2024.
Why It Matters
This filing provides investors with a quarterly update on Agilent's financial performance and operational status, crucial for understanding the company's trajectory in the analytical instruments market.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.
Key Numbers
- Q2 2024 — Fiscal Quarter (Reporting period for this 10-Q filing.)
- October 31 2024 — Fiscal Year End (Indicates the end of Agilent's financial year.)
Key Players & Entities
- AGILENT TECHNOLOGIES, INC. (company) — Filer
- 20240430 (date) — Period of Report
- 20240603 (date) — Filing Date
- SANTA CLARA, CA (location) — Business Address
- 3826 (number) — Standard Industrial Classification
FAQ
What is the reporting period for this 10-Q filing?
The period of report is April 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on June 3, 2024.
What is Agilent Technologies, Inc.'s primary industry classification?
Agilent Technologies, Inc. is classified under 'LABORATORY ANALYTICAL INSTRUMENTS' with SIC code 3826.
What is the company's fiscal year end date?
The company's fiscal year ends on October 31.
Where is Agilent Technologies, Inc. headquartered?
Agilent Technologies, Inc. is headquartered at 5301 Stevens Creek Blvd, Santa Clara, CA.
Filing Stats: 4,869 words · 19 min read · ~16 pages · Grade level 16.8 · Accepted 2024-05-31 18:52:05
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value A New York Stock Exchange I
Filing Documents
- a-20240430.htm (10-Q) — 2019KB
- a-04302024xex311.htm (EX-31.1) — 12KB
- a-04302024xex312.htm (EX-31.2) — 12KB
- a-04302024xex321.htm (EX-32.1) — 6KB
- a-04302024xex322.htm (EX-32.2) — 5KB
- 0001090872-24-000021.txt ( ) — 11294KB
- a-20240430.xsd (EX-101.SCH) — 54KB
- a-20240430_cal.xml (EX-101.CAL) — 61KB
- a-20240430_def.xml (EX-101.DEF) — 551KB
- a-20240430_lab.xml (EX-101.LAB) — 863KB
- a-20240430_pre.xml (EX-101.PRE) — 714KB
- a-20240430_htm.xml (XML) — 2050KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 34 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 49 Item 4.
Controls and Procedures
Controls and Procedures 50 Part II. Other Information 51 Item 1.
Legal Proceedings
Legal Proceedings 51 Item 1A.
Risk Factors
Risk Factors 51 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 64 Item 5. Other Information 64 Item 6. Exhibits 65 Signature 66 2 Table of Contents
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) AGILENT TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (in millions, except per share data) (Unaudited) Three Months Ended Six Months Ended April 30, April 30, 2024 2023 2024 2023 Net revenue: Products $ 1,125 $ 1,274 $ 2,334 $ 2,597 Services and other 448 443 897 876 Total net revenue 1,573 1,717 3,231 3,473 Costs and expenses: Cost of products 481 550 995 1,106 Cost of services and other 236 243 472 475 Total costs 717 793 1,467 1,581 Research and development 113 126 241 249 Selling, general and administrative 380 415 776 834 Total costs and expenses 1,210 1,334 2,484 2,664 Income from operations 363 383 747 809 Interest income 19 12 37 21 Interest expense ( 20 ) ( 24 ) ( 42 ) ( 49 ) Other income (expense), net 12 6 35 6 Income before taxes 374 377 777 787 Provision for income taxes 66 75 121 133 Net income $ 308 $ 302 $ 656 $ 654 Net income per share: Basic $ 1.05 $ 1.02 $ 2.24 $ 2.21 Diluted $ 1.05 $ 1.02 $ 2.23 $ 2.20 Weighted average shares used in computing net income per share: Basic 293 296 293 296 Diluted 293 297 294 297 The accompanying notes are an integral part of these condensed consolidated financial statements. 3 Table of Contents AGILENT TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) (in millions) (Unaudited) Three Months Ended Six Months Ended April 30, April 30, 2024 2023 2024 2023 Net income $ 308 $ 302 $ 656 $ 654 Other comprehensive income (loss): Unrealized gain (loss) on derivative instruments, net of tax expense (benefit) of $ 2 , $ 4 , $( 1 ) and $( 5 ) 7 7 — ( 15 ) Amounts reclassified into earnings related to derivative instruments, net of tax expense (benefit) of $ 0 , $ 1 , $( 1 ) and $( 1 ) ( 1 ) 3 ( 3 ) ( 1 ) Foreign currency translation, net of tax expense (benefit) of $ 0 , $ 0 , $ 0 and $( 1 ) ( 24 ) ( 13 ) ( 3 ) 78 Net defined benefit pension cost and po