Agilent had an outstanding year financially in 2004 with orders up 15% and revenue up 19%. They completed an operational transformation that reduced costs and improved their IT systems. All business groups were profitable except for the camera module business which will be sold. R&D spending was maintained at $914M and resulted in several new product launches. Customer satisfaction improved due to new products and quality initiatives. Agilent was recognized for its corporate citizenship through diversity programs and community involvement. The outlook for 2005 is cautious due to inventory issues but profitability and growth remain the priorities through innovation and efficiency.
- Agilent Technologies reported strong financial results in fiscal year 2007, with 9% revenue growth, gains in earnings per share, cash from operations, and return on invested capital.
- The company's electronic measurement business grew 3% while its bio-analytical measurement business grew 20%.
- For fiscal year 2008, Agilent is targeting 4-6% growth for its electronic measurement business and 12-14% growth for its bio-analytical measurement business.
ARC International provides multimedia solutions and intellectual property to consumer electronics companies globally to improve the audio and video experience on electronic devices. In 2008, ARC grew revenues driven by higher royalty payments from new customers, but remained cautious due to economic uncertainty. ARC strengthened its portfolio through acquisitions, broadened its target markets, and restructured operations to lower costs and accelerate transition to profitability.
The 2008 annual report summarizes Agilent's strong financial performance in fiscal year 2008, with 7% revenue growth to $5.8 billion and increases in operating profit, earnings per share, and return on invested capital. It also discusses Agilent's proactive response to the economic slowdown in the second half of 2008 through cost controls and investment in innovative measurement solutions. The report outlines Agilent's leadership in electronic and bio-analytical measurement and strategy to focus on growth areas like life science, while managing declines in manufacturing test markets during the economic downturn.
This document brings together a set of latest data points and publicly available information relevant for Healthcare Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document provides an overview of Pak Elektron Limited (PEL), a leading home appliances manufacturer and distributor in Pakistan. It discusses PEL's history, mission/vision, operations divided into power and appliances divisions, ISO certification, appliances division performance, SWOT analysis, refrigerator products and market share, refrigerator product range, refrigerator USPs, and main players and BCG matrix.
This document brings together a set
of latest data points and publicly
available information relevant for
Technology Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
The document provides information about Pak Elektron Limited (PEL), a leading home appliances manufacturer and distributor in Pakistan. It discusses PEL's management structure, operations divided into power and appliances divisions, vision to excel through continuous improvement, and goals such as reducing costs. It also summarizes PEL's culture with shared values, outcome-oriented decision-making, and transactional leadership style.
This document provides an overview of the Deloitte Technology Fast50 Turkey program for 2011. It recognizes the 50 fastest growing technology companies in Turkey based on revenue growth over the past 5 years. The overall winner for 2011 is Logic Bilişim with 28617% growth. It also includes a CEO survey on growth strategies, expectations, and readiness for new commercial laws in Turkey. Most companies foresee organic growth and have confidence in sustaining growth. The program aims to celebrate and profile fast growing technology companies in Turkey and identify trends shaping the industry.
- Agilent Technologies reported strong financial results in fiscal year 2007, with 9% revenue growth, gains in earnings per share, cash from operations, and return on invested capital.
- The company's electronic measurement business grew 3% while its bio-analytical measurement business grew 20%.
- For fiscal year 2008, Agilent is targeting 4-6% growth for its electronic measurement business and 12-14% growth for its bio-analytical measurement business.
ARC International provides multimedia solutions and intellectual property to consumer electronics companies globally to improve the audio and video experience on electronic devices. In 2008, ARC grew revenues driven by higher royalty payments from new customers, but remained cautious due to economic uncertainty. ARC strengthened its portfolio through acquisitions, broadened its target markets, and restructured operations to lower costs and accelerate transition to profitability.
The 2008 annual report summarizes Agilent's strong financial performance in fiscal year 2008, with 7% revenue growth to $5.8 billion and increases in operating profit, earnings per share, and return on invested capital. It also discusses Agilent's proactive response to the economic slowdown in the second half of 2008 through cost controls and investment in innovative measurement solutions. The report outlines Agilent's leadership in electronic and bio-analytical measurement and strategy to focus on growth areas like life science, while managing declines in manufacturing test markets during the economic downturn.
This document brings together a set of latest data points and publicly available information relevant for Healthcare Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document provides an overview of Pak Elektron Limited (PEL), a leading home appliances manufacturer and distributor in Pakistan. It discusses PEL's history, mission/vision, operations divided into power and appliances divisions, ISO certification, appliances division performance, SWOT analysis, refrigerator products and market share, refrigerator product range, refrigerator USPs, and main players and BCG matrix.
This document brings together a set
of latest data points and publicly
available information relevant for
Technology Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
The document provides information about Pak Elektron Limited (PEL), a leading home appliances manufacturer and distributor in Pakistan. It discusses PEL's management structure, operations divided into power and appliances divisions, vision to excel through continuous improvement, and goals such as reducing costs. It also summarizes PEL's culture with shared values, outcome-oriented decision-making, and transactional leadership style.
This document provides an overview of the Deloitte Technology Fast50 Turkey program for 2011. It recognizes the 50 fastest growing technology companies in Turkey based on revenue growth over the past 5 years. The overall winner for 2011 is Logic Bilişim with 28617% growth. It also includes a CEO survey on growth strategies, expectations, and readiness for new commercial laws in Turkey. Most companies foresee organic growth and have confidence in sustaining growth. The program aims to celebrate and profile fast growing technology companies in Turkey and identify trends shaping the industry.
This document provides notice of Agilent Technologies' 2003 annual meeting of stockholders. The meeting will be held on March 4, 2003 at 10:00 am at the South San Francisco Conference Center in South San Francisco, California. Items of business to be voted on include the election of directors, ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent accountants, and approval of an amendment to the company's stock plan to allow for the exchange of options. The document provides information on voting procedures and recommendations by the board.
This document is the 2003 annual report financials for an unnamed company. It includes selected financial data from 1999-2003, including metrics like net revenue, income/loss from continuing operations, and income/loss per share. It also lists consolidated statement of operations data and consolidated balance sheet data for the same years. The financial data shows declining net revenue and losses from continuing operations in recent years. Notes provide additional context for restructuring charges and other factors impacting the yearly results.
The document provides financial statements and other financial information for Allegheny Technologies Incorporated and its subsidiaries. It includes consolidated statements of income, sales and operating profit by business segment, balance sheets, cash flows, selected financial data, and other financial metrics for Q3 2008 and year-to-date compared to the same periods in 2007. Overall, net income decreased year-over-year though sales increased slightly. Cost of sales and selling/administrative expenses also increased.
The document is Barnes & Noble's 2006 annual report. It includes the letter to shareholders which discusses the challenges of 2006 including soft book sales industry wide and increased competition putting pressure on pricing. It also discusses initiatives like expanding membership discounts and efforts to improve distribution. The financial highlights provide selected financial data for 2006 and prior years including income statements, balance sheets, store counts and sales comparisons.
This annual financial report summarizes Northern Trust Corporation's financial results for 2007. Key highlights include:
- Revenues reached record levels of $3.57 billion, up 17% from 2006, driven by growth in trust, investment and other servicing fees.
- Net income increased 9% to $726.9 million while earnings per share grew 8% to $3.24. Excluding Visa charges, operating earnings per share increased 22%.
- Total assets under custody or administration increased to a record high of $3.6 trillion, reflecting growth in international markets.
- Strong financial performance achieved each of the Corporation's long-term strategic targets for revenue, earnings per share, return on equity, and
This document provides an annual report for Barnes & Noble for the 1998 fiscal year. It summarizes the company's financial performance including record sales of over $3 billion and net earnings of $92.4 million. It highlights the opening of 50 new stores, including flagship locations in Baltimore, Salt Lake City, and Calabasas. The report also discusses the company's continued focus on building community within its stores through events and author appearances while expanding its online business through barnesandnoble.com.
- Agilent completed the sale of its semiconductor products business and divested its semiconductor test business in 2006, launching Verigy as an independent company and completing a $4.4 billion stock repurchase program.
- Agilent is now organized into two business groups: electronic measurement and bio-analytical measurement.
- In 2007, Agilent will focus on the second phase of its transformation to achieve higher sustainable growth through organic growth initiatives and targeted acquisitions in its two business groups.
The document is the 2003 annual report for Barnes & Noble Inc. that provides consolidated financial highlights and selected financial data for fiscal years 2003 through 1999. Some key details include:
- Total sales increased to $5.95 billion in 2003 from $5.27 billion in 2002, driven by increases in Barnes & Noble bookstore and GameStop sales.
- Net earnings increased 49% to $151.9 million and earnings per share increased 49% and 30% for basic and diluted EPS, respectively, in 2003 compared to 2002.
- Barnes & Noble store sales increased 8% to $3.86 billion in 2003, while GameStop sales increased 17% to $1.58 billion.
- The number of
In 3 sentences:
The annual report discusses Agilent's financial results and strategic priorities for 2003 and 2004. It highlights that Agilent returned to profitability in Q4 2003 by lowering costs through job cuts and operational improvements. The report also outlines Agilent's strategic focus on sustaining profitability, growing faster than markets, investing in key areas, and capturing opportunities in emerging markets.
Agilent Technologies had a successful turnaround year in 2004. They achieved strong profitability, completed an operational transformation, introduced new products, and improved competitively. The report discusses Agilent's financial performance, operational transformation, investments in R&D, customer focus, and outlook for 2005 with a new CEO.
This 2001 annual report summarizes Agilent's financial performance for the fiscal year amidst a severe downturn in the communications and semiconductor markets, which significantly reduced demand. Orders were down 39% compared to 2000. Agilent cut costs through workforce reductions, pay cuts, and other measures. However, the company also made strategic investments and introduced over 150 new products. While the financial results were poor due to the downturn, Agilent positioned itself for long-term success through innovation and operational improvements to emerge stronger when market conditions improve.
This document provides an annual report from the CEO of Agilent Technologies to shareholders. It summarizes Agilent's financial performance in 2002, which was negatively impacted by downturns in the telecom and electronics markets. It describes actions taken to reduce costs and workforce while continuing to invest in R&D. It also discusses progress made in transforming operations through new IT systems and facility reductions. The CEO expresses determination to return the company to profitability in 2003 and optimism about new product introductions and market share gains driving future growth.
The document is a transcript of an earnings call by Extreme Networks discussing their Q4 2011 financial results. Some key points:
- Revenue for Q4 was $89.8 million, up 19% from Q3 and 5% from Q4 2010, exceeding guidance.
- For all of FY2011, revenue was $334.4 million, up 8% from 2010.
- Gross margin for Q4 was 54.3%, down slightly from Q3 due to lower product margins from discounts.
- Operating expenses increased in Q4 due to higher sales commissions from increased revenue.
- EPS for Q4 is estimated to be $0.02, compared to guidance of $0.03-0
Agilent Technologies 2000 Annual Report discusses Agilent's first year as an independent company after separating from Hewlett-Packard. The report summarizes that Agilent achieved strong financial results and growth, launched new products, and established its new culture and brand identity. It highlights that Agilent provides key technologies enabling innovations in communications and life sciences. The report outlines Agilent's priorities for 2001, including increasing customer satisfaction, achieving operational excellence, and accelerating growth through new product development.
Interview with the President | Annual Rapport 2014 YokogawaYokogawa
Yokogawa Electric Corporation saw increases in orders, net sales, and operating income in fiscal year 2013 compared to the previous year, driven mainly by strong performance in their industrial automation and control business outside of Japan. For fiscal year 2014, they forecast further increases in orders, net sales, operating income, and net income. However, the president acknowledges they must transform their business model to keep up with changes in the market and generate real growth beyond benefits from currency exchange rates. Going forward, their strategies will focus on accelerating growth through expanding solutions services and strengthening their product portfolio, as well as improving profitability by reducing costs in Japan and globally optimizing operations.
Quest Diagnostics held a second quarter 2005 conference call to discuss financial results.
- Revenues grew 6.2% to $1.6 billion driven by a 5.3% increase in testing volume and a 1.2% increase in revenue per test.
- Earnings per share grew 14% to $0.59, and operating income margin expanded.
- Guidance for 2005 was reiterated with earnings per share growth of 14-16% and revenue growth of 5-6% expected.
Motorola reported financial results for the first quarter of 2004 with sales of $8.6 billion, up 42% from the previous year, and net earnings of $609 million, up 257% over the previous year. The company ended the quarter with a net cash position of $902 million, the first time in over 35 years. Motorola provided guidance for the second quarter of 2004 of sales between $8.2-8.6 billion and earnings per share of $0.14-0.18, excluding potential impacts from the proposed IPO of its semiconductor business.
Corning Inc. reported strong financial performance in its 2007 Annual Report. Net income reached an all-time high of $2.15 billion, up 16% from 2006. Sales increased 13% to $5.86 billion, driven by high demand for LCD glass and new diesel filtration products. Corning also achieved records for earnings per share at $1.34 and operating cash flow at $2.1 billion. The report discusses Corning's strategy of focusing on innovation to drive growth, maintaining financial stability, and improving business portfolio balance. Key accomplishments in 2007 included expanding LCD glass capacity and developing innovations in optical fiber and life sciences technologies.
http://parker.com/aboutus - Parker continues to push the bounds of what is possible by collaborating with researchers to develop innovations that can have a meaningful impact on people’s lives.
The innovative filtration system shown on the cover of this report utilizes several Parker technologies and represents a promising advancement in fighting cancer. The device supports a treatment designed to enhance the body’s ability to use its own immune system to attack cancer cells. This treatment could provide a nontoxic alternative to improve the lives of both early and late-stage cancer patients.
The examples throughout this report showcase what can be done when we apply our technology and engineering expertise to help solve some of the world’s greatest engineering challenges. Today, Parker is uniquely positioned to partner on innovations that matter to people by advancing health care and improving the quality of life.
Download at this link
http://www.parker.com/parkerimages/Parker.com/About%20Us/Literature/Parker%20Annual%20Report%20Final%20WEB%2019Sept2014.pdf
Erie Sensors had a strong fiscal year in 2022, with record high sales, net income growth of 36%, stock price growth of 22.3%, and adjusted free cash flow of $29.6 million. The company divested its Size and Performance segments to focus resources on its Traditional, High, and Low End sensor segments, allowing it to achieve a 14% increase in sales and 23% market share. Erie Sensors aims to continue growing its market share and increasing shareholder value in 2023.
This annual report summarizes BD's performance in 2004. Key points include:
- Revenues grew 10.6% to $4.934 billion, income from continuing operations grew 5% to $582.5 million, and diluted EPS grew 5.2% to $2.21.
- Each of BD's three business segments (Medical, Diagnostics, Biosciences) contributed to revenue growth.
- BD achieved strong operational performance through initiatives in lean manufacturing, inventory management, and customer service.
- BD launched several new products that drove revenue growth and furthered its mission of innovating for impact in healthcare.
Jabil Circuit is an electronics manufacturing services company that provides design, manufacturing, and supply chain management services globally. In fiscal year 2004, Jabil expanded its services, diversified its customer base across multiple industries, and grew strategically through both organic growth and acquisitions. Key highlights include expanding into new industries like instrumentation and medical, growing that sector to 16% of revenue, and increasing total revenue 32% to $3.6 billion while improving profitability and return on invested capital. Jabil aims to continue outperforming overall market growth rates through further expansion of services, customers, and regions.
This document provides notice of Agilent Technologies' 2003 annual meeting of stockholders. The meeting will be held on March 4, 2003 at 10:00 am at the South San Francisco Conference Center in South San Francisco, California. Items of business to be voted on include the election of directors, ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent accountants, and approval of an amendment to the company's stock plan to allow for the exchange of options. The document provides information on voting procedures and recommendations by the board.
This document is the 2003 annual report financials for an unnamed company. It includes selected financial data from 1999-2003, including metrics like net revenue, income/loss from continuing operations, and income/loss per share. It also lists consolidated statement of operations data and consolidated balance sheet data for the same years. The financial data shows declining net revenue and losses from continuing operations in recent years. Notes provide additional context for restructuring charges and other factors impacting the yearly results.
The document provides financial statements and other financial information for Allegheny Technologies Incorporated and its subsidiaries. It includes consolidated statements of income, sales and operating profit by business segment, balance sheets, cash flows, selected financial data, and other financial metrics for Q3 2008 and year-to-date compared to the same periods in 2007. Overall, net income decreased year-over-year though sales increased slightly. Cost of sales and selling/administrative expenses also increased.
The document is Barnes & Noble's 2006 annual report. It includes the letter to shareholders which discusses the challenges of 2006 including soft book sales industry wide and increased competition putting pressure on pricing. It also discusses initiatives like expanding membership discounts and efforts to improve distribution. The financial highlights provide selected financial data for 2006 and prior years including income statements, balance sheets, store counts and sales comparisons.
This annual financial report summarizes Northern Trust Corporation's financial results for 2007. Key highlights include:
- Revenues reached record levels of $3.57 billion, up 17% from 2006, driven by growth in trust, investment and other servicing fees.
- Net income increased 9% to $726.9 million while earnings per share grew 8% to $3.24. Excluding Visa charges, operating earnings per share increased 22%.
- Total assets under custody or administration increased to a record high of $3.6 trillion, reflecting growth in international markets.
- Strong financial performance achieved each of the Corporation's long-term strategic targets for revenue, earnings per share, return on equity, and
This document provides an annual report for Barnes & Noble for the 1998 fiscal year. It summarizes the company's financial performance including record sales of over $3 billion and net earnings of $92.4 million. It highlights the opening of 50 new stores, including flagship locations in Baltimore, Salt Lake City, and Calabasas. The report also discusses the company's continued focus on building community within its stores through events and author appearances while expanding its online business through barnesandnoble.com.
- Agilent completed the sale of its semiconductor products business and divested its semiconductor test business in 2006, launching Verigy as an independent company and completing a $4.4 billion stock repurchase program.
- Agilent is now organized into two business groups: electronic measurement and bio-analytical measurement.
- In 2007, Agilent will focus on the second phase of its transformation to achieve higher sustainable growth through organic growth initiatives and targeted acquisitions in its two business groups.
The document is the 2003 annual report for Barnes & Noble Inc. that provides consolidated financial highlights and selected financial data for fiscal years 2003 through 1999. Some key details include:
- Total sales increased to $5.95 billion in 2003 from $5.27 billion in 2002, driven by increases in Barnes & Noble bookstore and GameStop sales.
- Net earnings increased 49% to $151.9 million and earnings per share increased 49% and 30% for basic and diluted EPS, respectively, in 2003 compared to 2002.
- Barnes & Noble store sales increased 8% to $3.86 billion in 2003, while GameStop sales increased 17% to $1.58 billion.
- The number of
In 3 sentences:
The annual report discusses Agilent's financial results and strategic priorities for 2003 and 2004. It highlights that Agilent returned to profitability in Q4 2003 by lowering costs through job cuts and operational improvements. The report also outlines Agilent's strategic focus on sustaining profitability, growing faster than markets, investing in key areas, and capturing opportunities in emerging markets.
Agilent Technologies had a successful turnaround year in 2004. They achieved strong profitability, completed an operational transformation, introduced new products, and improved competitively. The report discusses Agilent's financial performance, operational transformation, investments in R&D, customer focus, and outlook for 2005 with a new CEO.
This 2001 annual report summarizes Agilent's financial performance for the fiscal year amidst a severe downturn in the communications and semiconductor markets, which significantly reduced demand. Orders were down 39% compared to 2000. Agilent cut costs through workforce reductions, pay cuts, and other measures. However, the company also made strategic investments and introduced over 150 new products. While the financial results were poor due to the downturn, Agilent positioned itself for long-term success through innovation and operational improvements to emerge stronger when market conditions improve.
This document provides an annual report from the CEO of Agilent Technologies to shareholders. It summarizes Agilent's financial performance in 2002, which was negatively impacted by downturns in the telecom and electronics markets. It describes actions taken to reduce costs and workforce while continuing to invest in R&D. It also discusses progress made in transforming operations through new IT systems and facility reductions. The CEO expresses determination to return the company to profitability in 2003 and optimism about new product introductions and market share gains driving future growth.
The document is a transcript of an earnings call by Extreme Networks discussing their Q4 2011 financial results. Some key points:
- Revenue for Q4 was $89.8 million, up 19% from Q3 and 5% from Q4 2010, exceeding guidance.
- For all of FY2011, revenue was $334.4 million, up 8% from 2010.
- Gross margin for Q4 was 54.3%, down slightly from Q3 due to lower product margins from discounts.
- Operating expenses increased in Q4 due to higher sales commissions from increased revenue.
- EPS for Q4 is estimated to be $0.02, compared to guidance of $0.03-0
Agilent Technologies 2000 Annual Report discusses Agilent's first year as an independent company after separating from Hewlett-Packard. The report summarizes that Agilent achieved strong financial results and growth, launched new products, and established its new culture and brand identity. It highlights that Agilent provides key technologies enabling innovations in communications and life sciences. The report outlines Agilent's priorities for 2001, including increasing customer satisfaction, achieving operational excellence, and accelerating growth through new product development.
Interview with the President | Annual Rapport 2014 YokogawaYokogawa
Yokogawa Electric Corporation saw increases in orders, net sales, and operating income in fiscal year 2013 compared to the previous year, driven mainly by strong performance in their industrial automation and control business outside of Japan. For fiscal year 2014, they forecast further increases in orders, net sales, operating income, and net income. However, the president acknowledges they must transform their business model to keep up with changes in the market and generate real growth beyond benefits from currency exchange rates. Going forward, their strategies will focus on accelerating growth through expanding solutions services and strengthening their product portfolio, as well as improving profitability by reducing costs in Japan and globally optimizing operations.
Quest Diagnostics held a second quarter 2005 conference call to discuss financial results.
- Revenues grew 6.2% to $1.6 billion driven by a 5.3% increase in testing volume and a 1.2% increase in revenue per test.
- Earnings per share grew 14% to $0.59, and operating income margin expanded.
- Guidance for 2005 was reiterated with earnings per share growth of 14-16% and revenue growth of 5-6% expected.
Motorola reported financial results for the first quarter of 2004 with sales of $8.6 billion, up 42% from the previous year, and net earnings of $609 million, up 257% over the previous year. The company ended the quarter with a net cash position of $902 million, the first time in over 35 years. Motorola provided guidance for the second quarter of 2004 of sales between $8.2-8.6 billion and earnings per share of $0.14-0.18, excluding potential impacts from the proposed IPO of its semiconductor business.
Corning Inc. reported strong financial performance in its 2007 Annual Report. Net income reached an all-time high of $2.15 billion, up 16% from 2006. Sales increased 13% to $5.86 billion, driven by high demand for LCD glass and new diesel filtration products. Corning also achieved records for earnings per share at $1.34 and operating cash flow at $2.1 billion. The report discusses Corning's strategy of focusing on innovation to drive growth, maintaining financial stability, and improving business portfolio balance. Key accomplishments in 2007 included expanding LCD glass capacity and developing innovations in optical fiber and life sciences technologies.
http://parker.com/aboutus - Parker continues to push the bounds of what is possible by collaborating with researchers to develop innovations that can have a meaningful impact on people’s lives.
The innovative filtration system shown on the cover of this report utilizes several Parker technologies and represents a promising advancement in fighting cancer. The device supports a treatment designed to enhance the body’s ability to use its own immune system to attack cancer cells. This treatment could provide a nontoxic alternative to improve the lives of both early and late-stage cancer patients.
The examples throughout this report showcase what can be done when we apply our technology and engineering expertise to help solve some of the world’s greatest engineering challenges. Today, Parker is uniquely positioned to partner on innovations that matter to people by advancing health care and improving the quality of life.
Download at this link
http://www.parker.com/parkerimages/Parker.com/About%20Us/Literature/Parker%20Annual%20Report%20Final%20WEB%2019Sept2014.pdf
Erie Sensors had a strong fiscal year in 2022, with record high sales, net income growth of 36%, stock price growth of 22.3%, and adjusted free cash flow of $29.6 million. The company divested its Size and Performance segments to focus resources on its Traditional, High, and Low End sensor segments, allowing it to achieve a 14% increase in sales and 23% market share. Erie Sensors aims to continue growing its market share and increasing shareholder value in 2023.
This annual report summarizes BD's performance in 2004. Key points include:
- Revenues grew 10.6% to $4.934 billion, income from continuing operations grew 5% to $582.5 million, and diluted EPS grew 5.2% to $2.21.
- Each of BD's three business segments (Medical, Diagnostics, Biosciences) contributed to revenue growth.
- BD achieved strong operational performance through initiatives in lean manufacturing, inventory management, and customer service.
- BD launched several new products that drove revenue growth and furthered its mission of innovating for impact in healthcare.
Jabil Circuit is an electronics manufacturing services company that provides design, manufacturing, and supply chain management services globally. In fiscal year 2004, Jabil expanded its services, diversified its customer base across multiple industries, and grew strategically through both organic growth and acquisitions. Key highlights include expanding into new industries like instrumentation and medical, growing that sector to 16% of revenue, and increasing total revenue 32% to $3.6 billion while improving profitability and return on invested capital. Jabil aims to continue outperforming overall market growth rates through further expansion of services, customers, and regions.
The Timken Company reported record sales and earnings for 2004. Sales increased 19% to $4.5 billion compared to 2003, while net income increased 271% to $135.7 million. The company achieved strong growth through leveraging higher demand, price increases to offset raw material costs, and continued integration savings from the Torrington acquisition. For 2005, the company expects continued sales and earnings growth, driven by ongoing productivity improvements and recovery of material costs despite some moderation in automotive markets.
- The document summarizes Oracle's annual stockholder meeting held on October 31, 2013. It includes a safe harbor statement, discussion of non-GAAP financial measures, and overview of Oracle's strategy, company profile, current financial performance, and outlook.
- Oracle's chairman discussed the company's strategy of providing a complete technology stack across on-premise, private cloud, public cloud, and hybrid cloud environments. The company also invests heavily in sales, R&D, and acquisitions to drive innovation and growth.
- In FY13, Oracle saw software revenue growth of 7% and earnings per share growth of 11% while returning $11 billion to shareholders in stock buybacks. The company aims
After a century of growth and innovation, the
entrepreneurial spirit of founder Art Parker is reflected in
the company Parker has become, always exploring new
ways to help customers improve their productivity and
profitability and expand the bounds of motion and control
technology.
Driven by the hard work and dedication of its team
members around the world, in the fiscal year 2017 Parker
capitalized on strategic growth opportunities and
benefited from improved market conditions to deliver
strong financial results, positioning the company for
record performance in the coming year.
Download this report at
http://parker.com/aboutus
Download here - http://www.parker.com/parkerimages/Parker.com/About%20Us/Literature/FY13%20Annual%20Report%20Final.pdf
On the cover, Michael Gore, a T10 complete paraplegic, stands tall in the Parker Indego® which gives him the independence to do something he was told by the medical community that he would never do again – walk. Parker is pursuing a new growth platform in human motion and control as a natural extension of our vision to be the global leader in motion and control technologies. Indego® presents a compelling first step in a broader opportunity to create a meaningful and positive impact on the lives of individuals with limited mobility.
This year’s annual report focuses on innovations that have helped our customers solve problems. The difference made in the lives of our customers is representative of the broader change we hope to effect in the world around us.
It is our dedication to solving some of the world’s greatest engineering challenges, and our commitment to partner with our customers in search of unique and promising advancements, that drives Parker people forward and secures our future growth.
Motorola announced record fourth quarter sales and earnings from continuing operations. Sales increased 27% to $8.84 billion and earnings per share grew 56% to $0.28. Wireless handset shipments reached 31.8 million, a 42% increase over last year, gaining an estimated 3 points of global market share. For the full year, sales increased 35% to $31.3 billion and earnings per share grew 137% to $0.91. The company strengthened its balance sheet and ended the year with a record $5.4 billion net cash position.
- Motorola reported record first-quarter sales of $10.01 billion, up 23% from the previous year, and earnings per share of $0.27.
- Key results included record handset shipments of 46.1 million units and global handset market share of 21%.
- The Mobile Devices segment saw sales increase 45% and operating earnings increase 59% due to strong handset sales and market share gains.
- Motorola announced plans to sell its automotive business and streamline operations to improve efficiency and reduce costs.
The document is URS Corporation's proxy statement for its 2006 annual meeting of shareholders. It provides information about matters to be voted on at the meeting, including the election of directors, an amendment to the company's equity incentive plan, and a shareholder proposal regarding majority voting. It also provides information about URS Corporation's board of directors, executive compensation, voting procedures, and other standard annual meeting topics.
This document is a proxy statement from URS Corporation providing notice of its 2007 Annual Meeting of Shareholders. It summarizes the business to be conducted including electing directors and ratifying the selection of the independent accounting firm. It provides details on voting procedures, recommendations of the board, and requirements for stockholder proposals for the next annual meeting.
The document is a proxy statement from URS Corporation announcing their 2008 Annual Meeting of Shareholders. It provides details on five items of business to be voted on: 1) Election of directors, 2) Approval of an amendment to increase authorized shares of common stock, 3) Approval of the 2008 Equity Incentive Plan, 4) Approval of the 2008 Employee Stock Purchase Plan, and 5) Ratification of the selection of PricewaterhouseCoopers LLP as the independent auditor. It also provides information on voting procedures, the board's voting recommendations, and the vote required to approve each item.
The document is an amendment to a Form 10-K filed by URS Corporation to correct the application of an accounting standard. It restates financial statements for fiscal years 2004 and 2003 to properly report cash balances and book overdrafts. The amendment only impacts the company's balance sheet classifications and cash flow statements, and does not affect previously reported income, expenses, or stockholders' equity.
This document is an annual report filed by URS Corporation with the SEC. It provides an overview of the company's business for the past year. URS operates through two divisions, the URS Division and the EG&G Division, which provide professional planning, engineering, and technical services to federal and state government agencies and private clients. The report discusses URS' key markets and services, major client types, and provides a breakdown of fiscal year 2005 revenues by client type.
This document is an annual report filed by URS Corporation that provides an overview of the company's business for the past year. It discusses the company's clients, services, markets, and financial information. URS operates through two divisions, providing engineering and construction services, as well as systems engineering and technical assistance services primarily to US federal government agencies like the Departments of Defense and Homeland Security. The report provides details on the company's revenues, services, and markets by client type, including federal government, state and local government, private industry, and international clients.
URS Corporation filed its annual report on Form 10-K for the fiscal year ended December 28, 2007. The filing includes information on the company's business segments, clients served, services provided, and markets addressed. It also provides consolidated financial statements and notes to the financial statements.
URS Corporation provides engineering, construction, and operations and maintenance services worldwide. In 2004:
- URS enjoyed strong growth, benefiting from its scale and diversity of service offerings as well as its reputation for delivering high-quality, mission-critical services.
- The federal sector accounted for nearly 50% of revenue and continued to be a major driver of business, with growth in defense and homeland security projects.
- International operations performed well, with increases in transportation projects in Asia-Pacific and opportunities in Europe for environmental work.
URS Corporation had a very successful 2006 fiscal year, achieving record revenues of $4.2 billion and net income of $113 million. The company benefited from strong demand across all of its market sectors, particularly increased federal government spending on infrastructure and military projects. URS also saw a recovery in its private sector business, which grew 13% due to strategic partnerships with large corporations and increased capital spending in industries like oil and gas. Looking ahead, the company is well positioned for continued growth with a record backlog of $12.4 billion in business.
URS is one of the largest engineering design firms worldwide and provides services for infrastructure projects globally. Infrastructure such as transportation networks, water and wastewater systems, and public facilities are deteriorating and in need of modernization. Governments are increasing investment in infrastructure improvements to promote economic growth. URS is at the forefront of modernizing infrastructure, providing planning, engineering, architecture and construction management services for projects in the U.S., U.K., Australia and New Zealand. A 2005 study estimated $1.6 trillion is needed over five years for infrastructure upgrades in the U.S. alone.
URS Corporation is a fully integrated engineering, construction, and technical services organization with over 56,000 employees worldwide. In 2007, URS acquired Washington Group International, significantly expanding its capabilities. URS now offers services across the entire project lifecycle from planning and design through construction, operations and maintenance, and decommissioning. The acquisition nearly doubled URS's size and enhanced its ability to serve key markets such as power, infrastructure, federal, and industrial/commercial sectors.
Northern Trust Global Investments held an Investor Day in 2008 to outline its strategic priorities and growth opportunities. NTGIs key strategies are to serve personal and institutional clients through quantitative, manager of managers, and fixed income investments while building the business globally and delivering investment excellence. NTGIs assets under management have grown strongly to $778.6 billion as of March 2008 across asset classes, client segments, and investment styles including active, quantitative, and manager of managers approaches. NTGIs growth will be led by client specific solutions and expanding capabilities in both the personal and institutional markets globally.
This document outlines Northern Trust's Corporate & Institutional Services business. It discusses their strategic priorities which include competing globally, using complexity to drive innovation, offering a broad array of solutions, having a unique global operating model, and extending their industry-leading technology platform. It highlights their success in key regions around the world and with target client segments. It also discusses their asset servicing solutions, global operating model, growth in assets under custody and management, financial performance, and strategic growth initiatives focused on key regions.
Northern Trust's Personal Financial Services division provides wealth management services to high-net-worth individuals and families. It has over $146 billion in assets under management across private client services, wealth advisory services, and wealth management. The division aims to strengthen its client-centric culture and expand its service offerings through initiatives like integrated client teams, expanded investment solutions, and new services like family advisory offices.
This document provides an overview of Northern Trust Corporation's strong financial performance over the past 20 years despite navigating various economic crises and interest rate cycles. It highlights record financial results in 2007 with growth in revenues, net income, assets under custody and management. Northern Trust has achieved positive or neutral operating leverage in 17 of the past 20 years. The presentation focuses on net interest income growth, credit quality, capital management and business unit financials.
This document provides an overview of Northern Trust Corporation's 2008 Investor Day presentation. It discusses Northern Trust's business model, key strategies, and growth opportunities across its Personal Financial Services, Corporate & Institutional Services, and Northern Trust Global Investments divisions. Financial highlights and performance metrics are also presented for each business segment. The presentation emphasizes Northern Trust's client-centric approach and focus on serving target institutional and affluent client markets globally.
The document is a presentation by Northern Trust Corporation's Chief Financial Officer at a banking conference in 2008. It discusses the changing landscape in the financial services industry brought on by the financial crisis. It summarizes Northern Trust's business model of focusing on wealth management and asset servicing, and its conservative approach. It highlights the company's strong capital position and asset quality compared to peers.
This document is a presentation by Northern Trust Corporation's president and CEO Frederick Waddell at the 2009 Citigroup Financial Services Conference. The presentation discusses:
1) Significant and rapid changes that occurred in the financial services industry in 2008, including government interventions and increased oversight.
2) Northern Trust's strategic positioning in corporate and institutional services, global investments, and personal financial services has allowed it to maintain sound fundamentals like earnings power and balance sheet strength.
3) Northern Trust has resisted changing its client-centric business model focused on sectors like pensions, endowments, and family offices, avoiding riskier areas like investment banking, sub-prime lending, and brokerage.
The document announces the annual meeting of stockholders of Northern Trust Corporation to be held on April 17, 2007 at 10:30 am at their headquarters in Chicago. The purposes of the meeting are to elect 14 directors, approve an amended stock plan, ratify the appointment of the independent auditors, and conduct any other business. Stockholders of record as of February 26, 2007 are eligible to vote. Stockholders are urged to vote promptly by returning their proxy card, voting by phone or internet, or attending the meeting in person.
The document announces the annual meeting of stockholders of Northern Trust Corporation to be held on April 21, 2009 at 10:30 am at their offices in Chicago, Illinois. The purposes of the meeting are to elect 14 directors, ratify the appointment of the independent auditors, consider an advisory vote on executive compensation, and address any other business matters. Stockholders of record as of March 2, 2009 are eligible to vote. Stockholders are urged to vote by proxy card, telephone, internet, or in person at the meeting.
1. Notice of 2005 Annual Meeting and Proxy Statement
2004 Annual Report to Stockholders
2004 Annual Report Consolidated Financial Statements
2.
3. To Our Shareholders
Excellent financial results, great progress on operations and focused actions to address
opportunities and challenges made 2004 a very successful turnaround year for Agilent. After the
company returned to profitability in the fourth quarter of fiscal 2003, we achieved consistently
strong profitability and generated more than $700 million in cash in 2004. We completed a sweeping
operational transformation, maintained the R&D investments that fueled an outstanding year for
new products, and improved our competitive position by entering new markets and exiting others.
Agilent’s 28,000 people continued to work with great skill and energy in a difficult environment to
deliver these results. We began 2005 a much stronger company than we were a year ago, and we are
excited by our opportunities to build on this year’s accomplishments.
Outstanding Financial Performance in 2004
In 2004 Agilent’s orders rose 15 percent over 2003 to $7 billion, while revenue increased 19
percent to $7.2 billion. During the first half of the year, strong demand in the semiconductor and
related industries, especially wireless communications, was a key driver of this growth. In 2004 we
also did an excellent job of managing operating expenses, which were $294 million lower than in
2003. This improvement reflects the work we have done during the past three years to bring
Agilent’s costs in line with the competitive realities of our markets; to date we have taken about
$800 million out of our quarterly cost structure. In 2004 we earned $349 million, or 71 cents per
share on GAAP basis, compared with a loss of $2.058 billion, or $4.35 per share, in 2003.(1) On a non-
GAAP basis, earnings were $529 million, or $1.05 per share, compared with a loss of $121 million, or
26 cents per share, in 2003.
This was also an excellent year for asset management. Inventories were only $31 million higher
at the end of 2004 than a year ago, a great result given our revenue increase for the year of more
than $1.1 billion. In 2004, investments in property, plant and equipment declined by $87 million
from 2003. These improvements, along with our strong profitability, enabled outstanding cash
generation. We began 2005 with about $2.3 billion in cash and cash equivalents.
In 2004, two of our businesses did very well all year and two others were stronger in the first
half of the year than in the second half. While we saw a decline in orders in wireless handset
manufacturing test markets in the fourth quarter of 2004, our Test and Measurement (T&M)
business achieved an 18 percent increase in overall orders and 15 percent growth in revenue in
2004. Driving T&M’s comeback were improved conditions in many of its markets, strong new
products, outstanding expense control and the benefits of its restructuring during the past three
years. Our Life Sciences and Chemical Analysis (LSCA) business had a consistently strong year, with
healthy growth in orders and revenue, a 30 percent improvement in operating profit, and record
orders and revenue in the fourth quarter. LSCA enhanced its leadership in its core chemical analysis
business, which serves the petrochemical and environmental markets, while strengthening its
position in the life sciences business, where Agilent products and solutions are helping researchers
understand the genetic basis of disease and develop new drugs.
After a strong first half, demand from the semiconductor and related industries slowed
significantly, as the industry worked through excess inventory and capacity. This slowdown affected
second-half results in our Semiconductor Products Group (SPG) and Automated Test Group (ATG).
For the full year, orders in SPG were up 20 percent while revenue rose by 27 percent. In the fourth
quarter we announced plans to sell SPG’s camera module business to Flextronics after we
determined that this business would not achieve acceptable profit levels as part of Agilent. In ATG,
orders fell 2 percent for the full year while revenue increased by 22 percent over fiscal 2003. In 2004
we acquired IBM’s flat-panel test business, which we believe complements our existing automated
test businesses and offers excellent opportunities for profitable growth.
1
4. A Major Operational Transformation
In 2000 we launched a major effort to transform how Agilent operates in order to make the
company more efficient and cost effective. In 2004 we largely completed this transformation, which
is starting to deliver strong returns on our investments.
Our information technology (IT) systems have been a major focus of this effort. When Agilent
became an independent company in 1999, we began to tailor our IT systems and applications to our
needs. This year we completed the implementation of our ERP (enterprise resource planning) and
customer support systems, which are key building blocks of our IT infrastructure. We also finished
the outsourcing of some IT functions to partners who can deliver these services more
cost-effectively. In 2004 we reduced legacy applications by nearly 60 percent, reduced our overall IT
costs by 27 percent compared with 2003, and made it easier for customers to use the Agilent Web
site to find product and support information.
Maintaining Investments in Research and Development
During the past three years, as we pursued our operational transformation and endured the
severe downturn in the electronics industry, we balanced the need to lower costs with investments
in research and development (R&D) that enable us to develop the new products that are crucial to
long-term success. In 2004 we spent $914 million on R&D, with about 7 percent of this total at
Agilent Laboratories, our central R&D facility. This year Agilent Labs extended its long track record
of vital contributions to new products.
Based on the partnership between Labs and SPG, we introduced an industry-first laser sensor
for Logitech’s latest computer mouse that achieved strong market acceptance because it greatly
extends the capabilities of the traditional mouse based on light emitting diodes. LSCA introduced a
revolutionary new liquid chromatography product that takes advantage of Agilent’s core
competencies in microfluidics, optics and semiconductor materials and that has many potential
applications for sample separation and preparation in life sciences research. And in EPSG, we
launched a high-performance arbitrary wave generator, based on world class Labs research in
digital-to-analog converters and digital interpolators for RF signal generation.
Customer and Quality Focus
New products, as well as our operational improvements, contributed to substantial customer
recognition in 2004. Nortel Networks™ named Agilent its 2003 Technology Supplier of the Year, and
we won the Outstanding Supplier Award from RF Micro Devices in China, as well as the Global
Supplier Award from Eli Lilly and Company. We are gratified by these awards and determined to
achieve further progress addressing and anticipating customer needs.
To help further improve our performance with customers, the Agilent Customer Satisfaction
program provides customer feedback that we track and compare with aggressive improvement goals.
We also rolled out a new quality education program to employees globally, and initiated a
company-wide Six Sigma quality program.
A Leader in Corporate Citizenship
Outstanding corporate citizenship has two main components, and both were important
priorities for Agilent in 2004. The first element is corporate governance – the practices that bring to
life the highest standards of integrity and transparency. The other element of citizenship is the role
we play as an employer and community member. In 2004 we were proud to be ranked No. 9 on the
100 Best Corporate Citizens list published by Business Ethics magazine, which cited Agilent’s
“diversity practices and superior treatment of the community.” In 2004 more than 6,000 Agilent
people volunteered in company-supported education, health and human service, and environmental
2
5. programs or events; 16 countries where we do business have active community programs;
approximately 273,000 students were reached through Agilent-sponsored education programs; and
we improved our environmental performance in a number of areas. This year we were formally
recognized for our contributions and results in 22 communities worldwide. Our corporate
citizenship efforts strengthen Agilent’s long-term competitiveness and help improve the viability of
our many communities, and we will continue to make these efforts a priority.
Business Outlook
Agilent competes in large markets that are undergoing significant change and are becoming
mature. While overall growth rates in these markets are likely to be modest, there are numerous
opportunities for more robust growth within these markets. Our products, customer relationships
and deep technology expertise position us well to pursue these opportunities, and we will continue
to do so in 2005.
The imbalance in semiconductor inventory and capacity that affected our results in the second
half of 2004 is a reason for caution as we begin 2005, but we do not believe that we are entering a
deep downturn like the one that started in 2001. While we expect demand in our wireless test
business to be soft in the first half of 2005, we believe the semiconductor industry will work through
the overcapacity during the first half of fiscal 2005 but will be down slightly for the full year.
Our priorities in 2005 start with our focus on maintaining the financial and operational
discipline that was crucial to our results in 2004. We will build on the dramatic progress we have
made in our cost structure and in our IT, manufacturing and other functions. This year we will also
emphasize the need to improve all aspects of our customers’ experience with Agilent. We survey our
customers in depth on a regular basis, and we are taking action to increase their satisfaction and
loyalty. In addition, we are increasing our investments in employee development in 2005, in order to
expand the skills, leadership capability and commitment of Agilent’s people.
The start of 2005 is the beginning of Agilent’s sixth year as an independent company. It has been
an incredible first five years. We launched the company, grew rapidly, survived the downturn and
transformed virtually every element of how we do business. Our people and culture have been
tested, we have learned a lot, and we have emerged as a much stronger company. Now we are
embarking on a transformation in growth and innovation that is equal in scope to the operational
transformation we have made. Our overarching goal in 2005 is to achieve consistently profitable
growth. The key to doing that is to unleash the innovative capacity of Agilent’s people. Our ability to
innovate, combined with our outstanding products, long-term customer relationships and greater
operational efficiency, position us well to achieve our goals in 2005 and to continue making Agilent
the company we want it to be.
Ned Barnholt
Chairman, President and Chief Executive Officer
(1) $1.4 billion of the net loss in 2003 was the result of a non-cash charge to establish a tax valuation allowance.
3
6. Agilent at a Glance
Agilent delivers critical tools and technologies that sense, measure and interpret the physical
and biological world. Our innovative solutions enable a wide range of customers in communications,
electronics, life sciences and chemical analysis to make technological advancements that drive
productivity and improve the way people live and work.
About two thirds of Agilent’s revenue was generated from outside of the United States in fiscal
2004. With 28,000 employees around the world, our global presence offers a competitive advantage.
Agilent’s manufacturing, R&D, sales and support capabilities around the world give customers the
flexibility they need in today’s competitive environment.
Business Group 2004 Net Revenue Description
Our test and measurement business provides standard
Test and $2.9 billion and customized solutions that are used in the design,
Measurement
development, manufacture, installation, deployment and
operation of electronics equipment and communications
networks and services. Test and measurement employed
about 11,200 people worldwide as of Oct. 31, 2004.
Markets: Our test and measurement markets include
the communications test and general purpose test
markets.
Product areas: Communications test products include
testing solutions for fiber optic networks; transport
networks; broadband and data networks; wireless
communications; microwave networks; installation and
maintenance solutions; and operations support systems,
including monitoring and network management systems.
General purpose test solutions include general purpose
instruments; modular instruments and test software;
digital design products; and high-frequency electronic
design tools.
Our automated test business provides test solutions that
Automated Test $0.9 billion are used in the manufacture of semiconductor devices,
electronics (primarily printed circuit-board assemblies)
and flat panel displays. Automated test employed
approximately 2,200 people worldwide as of Oct. 31,
2004.
Markets: Our automated test business sells to the
semiconductor manufacturing, electronics
manufacturing and flat panel display markets.
Product areas: Our automated test business designs,
develops and manufactures semiconductor test
equipment, electronics manufacturing test equipment
(including automated optical inspection products,
automated x-ray inspection products, automated in-
circuit testing products and manufacturing test systems
software) and thin-film transistor array test equipment
for flat panel displays.
4
7. Business Group 2004 Net Revenue Description
Our semiconductor products business is a leading
Semiconductor $2.0 billion supplier of semiconductor components, modules and
Products
subsystems for consumer and commercial electronics
applications. As of Oct. 31, 2004, semiconductor
products employed about 6,800 people worldwide.
Markets: Our semiconductor products business serves
the personal systems and networking markets.
Product areas: Our personal systems products (for use
in mobile phones, printers, PC peripherals and
consumer electronics) include radio frequency and
microwave communications devices such as film bulk
acoustic resonator (FBAR) duplexers and E-pHEMT
power amplifiers; infrared emitters, detectors and
transceiver module products; printing
application-specific integrated circuits (ASICs); optical
image sensors and processors, and optical position
sensors; and light emitting diodes (LEDs) and
optocoupler products. We are also engaged in a global
joint venture — Lumileds — with Philips Electronics,
which develops, manufactures and sells LEDs, modules,
products and systems for a broad spectrum of lighting
applications. Our networking products include fibre
channel controller products, fiber optic products and
high-speed digital integrated circuit products.
Our life sciences and chemical analysis business
Life Sciences and $1.3 billion provides application-focused solutions that include
Chemical Analysis
instruments, software, consumables and services that
enable customers to identify, quantify and analyze the
physical and biological properties of substances and
products. We employed about 3,900 people worldwide as
of Oct. 31, 2004 in this business.
Markets: Life science markets, which account for
about 40 percent of revenue from this business, include
the pharmaceutical analysis, gene expression and
proteomics markets. Chemical analysis markets, which
make up the other 60 percent of revenue, include the
petrochemical, environmental, homeland security and
forensics, and bioagriculture and food safety markets.
Product areas: Our seven key product categories
include microarrays; microfluidics; gas chromatography;
liquid chromatography; mass spectrometry; software and
informatics products; and related consumables, reagents
and services.
Agilent Agilent Laboratories is our central research organization. Agilent Labs
Laboratories engages in 1) applied research leading to technology that can be transferred
to our existing businesses in communications, life sciences and electronics,
and 2) research that creates new businesses that are outside of our current
markets but within our fields of interest. Agilent Labs also provides
technology integration across the company.
Agilent Sales Agilent sells and distributes products primarily through direct sales, but we
and Support also utilize distributors, resellers, telesales and electronic commerce. Our
businesses provide a range of services and customer support, including
systems integration, technical and product support, consulting and
knowledge services.
5
8. Board
Officers Directors Committees
Edward W. (Ned) Barnholt Jack P. Trautman Edward W. (Ned) Barnholt Audit & Finance
Chairman of the Board of Senior Vice President of Chairman of the Board of Committee
Directors, President and Agilent and President of Directors, President and Heidi Kunz, Chairperson
Chief Executive Officer Automated Test Group Chief Executive Officer Robert J. Herbold
Walter B. Hewlett
Adrian T. Dillon Chris van Ingen James G. Cullen
Robert L. Joss
Executive Vice President Senior Vice President of Retired President and
and Chief Financial Agilent and President of Chief Operating Officer of Compensation Committee
Officer Life Sciences and Bell Atlantic Corporation James G. Cullen,
Chemical Analysis Group (now known as Verizon) Chairperson
William P. Sullivan
Koh Boon Hwee
Executive Vice President Thomas E. White Robert J. Herbold
David M. Lawrence, M.D.
and Chief Operating Senior Vice President of Retired Executive Vice
A. Barry Rand
Officer Agilent and President of President of Microsoft
Communications Corporation Nominating/Corporate
William R. Hahn
Solutions Group Governance Committee
Senior Vice President, Walter B. Hewlett
David M. Lawrence, M.D.,
Corporate Relations John R. Eaton Independent Researcher
Chairperson
Vice President, Finance and Director, Center for
Jean M. Halloran James G. Cullen
and Corporate Computer Assisted
Senior Vice President, Robert J. Herbold
Development and Research in the
Human Resources Walter B. Hewlett
Treasurer Humanities and Public
Robert L. Joss
Larry C. Holmberg Policy Institute of
Didier Hirsch Koh Boon Hwee
Senior Vice President, California
Vice President and Heidi Kunz
Sales, Marketing and A. Barry Rand
Controller Robert L. Joss
Customer Support
Dean of the Graduate
Marie Oh Huber Executive Committee
D. Craig Nordlund School of Business of
Vice President, Assistant David M. Lawrence, M.D.,
Senior Vice President, Stanford University
General Counsel and Chairperson
General Counsel and Edward W. (Ned)
Assistant Secretary Koh Boon Hwee
Secretary Barnholt
Chairman of Singapore
Darlene Solomon
Young K. Sohn Airlines Ltd.
Vice President and
Senior Vice President of
Director of Agilent Heidi Kunz
Agilent and President of
Laboratories Executive Vice President
Semiconductor Products
and Chief Financial
Group
Officer of Blue Shield of
California
David M. Lawrence, M.D.
Chairman Emeritus of
Kaiser Foundation Health
Plan, Inc. and Kaiser
Foundation Hospitals
A. Barry Rand
Chairman and Chief
Executive Officer of
Equitant
All listed officers, except John R. Eaton, William R. Hahn, Larry C. Holmberg, Marie Oh Huber and Darlene
Solomon, are executive officers of Agilent under Section 16 of the Securities Exchange Act of 1934.
6
9. Agilent’s annual meeting of shareholders will take place on Tuesday, March 1, 2005 at 10:00 a.m.
at the South San Francisco Conference Center, 255 South Airport Boulevard, South San Francisco,
California.
Investor Information
Please see the full and audited financial statements and footnotes contained in this booklet. To
receive paper copies of the annual report, proxy statement, Form 10-K, earnings announcements and
other financial information, people in the United States and Canada should call our toll-free number:
(877) 942-4200. People calling from outside the United States and Canada should dial: (402) 573-
9919. You can also access financial information at Agilent’s Investor Relations Web site. The address
is http://www.investor.agilent.com.
Corporate Governance, Business Conduct and Ethics
Agilent’s Corporate Governance Standards, the charters of our Audit and Finance Committee,
our Compensation Committee, our Executive Committee and our Nominating/Corporate Governance
Committee as well as Agilent’s Standards of Business Conduct (including code of ethics provisions
that apply to our principle executive officer, principle financial officer, controller and senior
financial officers) are available on our website at http://www.investor.agilent.com under “Corporate
Governance Policies.” You can also request a hard copy of any of this information by contacting
(877) 942-4200 (in the United States or Canada) or (402) 573-9919 (outside the United States and
Canada).
Agilent submitted its Annual Certification of the Chief Executive Officer to the New York Stock
Exchange regarding the New York Stock Exchange corporate governance listing standards on March
22, 2004. Agilent filed its Certifications of the Chief Executive Officer and Chief Financial Officer
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 as Exhibits 31.1 and 31.2, respectively, to
its Annual Report on Form 10-K for the fiscal year ended October 31, 2004 filed with the Securities
and Exchange Commission on December 21, 2004.
Transfer Agent and Registrar
Please contact our transfer agent, at the phone number or address listed below, with any
questions about stock certificates, transfer of ownership or other matters pertaining to your stock
account.
Computershare Investor Services
P.O. Box A3504
Chicago, IL 60690-3504
United States
If calling from anywhere within the United States and Canada: (877) 309-9856.
If calling from outside the United States: (312) 588-4672.
The e-mail address for general shareholder inquiries for Computershare is:
web.queries@computershare.com.
Investor Contact
Agilent Technologies, Inc.
Investor Relations Department
395 Page Mill Road
Palo Alto, CA 94306
7
10. You can also contact the Investor Relations Department via e-mail at the Agilent Investor
Relations Web site at http://www.investor.agilent.com. Click “Phone or Email” in the “Contact IR”
box to send a message.
Agilent Headquarters
Agilent Technologies, Inc.
395 Page Mill Road
Palo Alto, CA 94306
Phone: (650) 752-5000
Common Stock
Agilent is listed on the New York Stock Exchange and our ticker symbol is “A.” There were
approximately 62,264 registered shareholders as of December 16, 2004. Since we plan to retain
future earnings to maximize the growth and development of our company, we do not anticipate
paying cash dividends in the foreseeable future. We do not currently offer direct purchase of Agilent
shares from the company or a dividend re-investment plan (DRIP).
The following tables summarize the high and low stock prices by period for Agilent’s common
stock.
Fiscal 2004 High Low
First Quarter (ended January 31, 2004) $38.80 $24.97
Second Quarter (ended April 30, 2004) $37.62 $26.91
Third Quarter (ended July 31, 2004) $29.68 $22.63
Fourth Quarter (ended October 31, 2004) $25.31 $19.51
Fiscal 2003 High Low
First Quarter (ended January 31, 2003) $20.30 $13.19
Second Quarter (ended April 30, 2003) $16.82 $11.30
Third Quarter (ended July 31, 2003) $22.64 $15.48
Fourth Quarter (ended October 31, 2003) $26.48 $20.31
This Annual Report, including the letter titled “To Our Shareholders,” contains forward-looking
statements (including, without limitation, information regarding customer needs, corporate
citizenship, profitability, ability to grow profitably, future opportunities, our position to pursue
those opportunities and achieve goals, the outlook for the general economy and for the markets that
Agilent serves and maintenance of financial and operational discipline) that involve risks and
uncertainties that could cause results of Agilent to differ materially from management’s current
expectations. These risks include the ability to execute successfully through business cycles while it
continues to implement workforce and other cost reductions; the ability to meet and achieve the
benefits of its cost reduction goals and otherwise successfully adapt its cost structures to continuing
changes in business conditions; ongoing competitive, pricing and gross margin pressures; the risk
that our cost-cutting initiatives will impair our ability to develop products and remain competitive
and to operate effectively; the impact of geopolitical uncertainties on our markets and our ability to
conduct business; the ability to improve asset performance to adapt to changes in demand; the
ability to successfully introduce new products at the right time, price and mix and other risks
detailed in Agilent’s filings with the Securities and Exchange Commission, including our Annual
Report on Form 10-K for the year ended Oct. 31, 2004 as well as any subsequent filings made after
December 21, 2004.
8
11. The materials contained in this annual report are as of January 7, 2005, unless otherwise noted.
The content of this annual report contains time-sensitive information that is accurate only as of this
date. If any portion of this annual report is redistributed at a later date, Agilent will not be reviewing
or updating the material in this report.
This Annual Report contains the full, audited financials and notes thereto contained in the
following section of this booklet with the tab “Annual Report Financials”. Within the Annual Report
Financials, please refer to “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” and “Risks, Uncertainties and Other Factors That May Affect Future Results”
for more complete information on each of our businesses and Agilent as a whole.
9
12. AGILENT TECHNOLOGIES, INC
RECONCILIATION FROM GAAP TO NON-GAAP
NET INCOME
TWELVE MONTHS ENDED OCTOBER 31, 2004
(Unaudited)
Non-GAAP Adjustments
Gain
On
Restructuring Contract Sale Camera Adjustment
(In millions, except Other and Asset Termination of Module Investment for Income
per share amounts) GAAP Intangibles Impairment Fees Assets Charge Impairments Other Taxes Non-GAAP
Orders . . . . . . . . . . $6,997 $ — $ — $ — $ — $ — $ — $ — $ — $6,997
Net revenue . . . . . $7,181 $ — $ — $ — $ — $ — $ — $ — $ — $7,181
Costs and
expenses:
Cost of
products and
services . . . . . 4,058 (19) (54) (4) — (18) — (8) — 3,955
Research and
development . 933 — (16) (3) — — — — — 914
Selling, general
and
administrative 1,804 (3) (91) (7) 1 — — (34) — 1,670
Total costs
and
expenses . . 6,795 (22) (161) (14) 1 (18) — (42) — 6,539
Income from
operations . . . . 386 22 161 14 (1) 18 — 42 — 642
Other income
(expense),
net . . . . . . . . . . . 54 — 8 — — — 7 4 — 73
Income from
operations
before taxes . . . 440 22 169 14 (1) 18 7 46 — 715
Provision for
taxes . . . . . . . . . 91 — — — — — — — 95 186
Net income . . . . . . $ 349 $ 22 $ 169 $ 14 $ (1) $ 18 $ 7 $ 46 $ (95) $ 529
Net income per
share - Basic
and Diluted:
Basic . . . . . $ 0.72 $0.05 $ 0.35 $0.03 $(0.00) $0.04 $0.01 $0.10 $(0.20) $ 1.10
Diluted . . . $ 0.71 $0.04 $ 0.34 $0.03 $(0.00) $0.04 $0.01 $0.09 $(0.19) $ 1.05(1)
Weighted average
shares used in
computing net
income per
share:
Basic . . . . . 483 483 483 483 483 483 483 483 483 483
Diluted . . . 490 490 490 490 490 490 490 490 490 526(1)
(1) In order to calculate non-GAAP diluted net income per share, we added 36 million shares and approximately $26 million
of after-tax interest expense to non-GAAP net income to treat our senior convertible debentures as if they were
converted. The impact of this was ($.03) to our diluted earnings per share.
10
13. AGILENT TECHNOLOGIES, INC
RECONCILIATION FROM GAAP TO NON-GAAP
NET LOSS
TWELVE MONTHS ENDED OCTOBER 31, 2003
(Unaudited)
Non-GAAP Adjustments
Retirement
Restructuring Gain on Plans Adjustment
(In millions, except per share Other and Asset Sale of SFAS Curtailment for Income
amounts) GAAP Intangibles Impairment Assets No. 142 Loss Other Taxes Non-GAAP
Orders . . . . . . . . . . . . . . . . . . . . $ 6,084 $ — $ — $ — $ — $ — $ — $ — $6,084
Net revenue . . . . . . . . . . . . . . . . $ 6,056 $ — $ — $ — $ — $ — $ — $ — $6,056
Costs and expenses:
Cost of products and
services . . . . . . . . . . . . . . . 3,750 (46) (111) — — (1) (5) — 3,587
Research and
development . . . . . . . . . . . 1,051 — (66) — — (1) — — 984
Selling, general and
administrative . . . . . . . . . 1,980 (9) (195) 2 — (3) (1) — 1,774
Total costs and
expenses . . . . . . . . . . . . 6,781 (55) (372) 2 — (5) (6) — 6,345
Loss from operations . . . . . . . . (725) 55 372 (2) — 5 6 — (289)
Other income (expense),
net . . . . . . . . . . . . . . . . . . . . . . 35 — 15 (3) — — — — 47
Loss from operations before
taxes . . . . . . . . . . . . . . . . . . . . (690) 55 387 (5) — 5 6 — (242)
Provision for taxes . . . . . . . . . . 1,100 — — — — — — (1,221) (121)
Loss before cumulative effect
of accounting change . . . . . . (1,790) 55 387 (5) — 5 6 1,221 (121)
Cumulative effect of adopting
SFAS No. 142 . . . . . . . . . . . . (268) — — — 268 — — — —
Net loss . . . . . . . . . . . . . . . . . . . $(2,058) $ 55 $ 387 $ (5) $ 268 $ 5 $ 6 $1,221 $ (121)
Net loss per share - Basic
and Diluted:
Loss before cumulative effect
of accounting change . . . . . . $ (3.78) $0.11 $ 0.82 $(0.01) $ — $0.01 $0.01 $ 2.58 $ (0.26)
Cumulative effect of adopting
SFAS No. 142 . . . . . . . . . . . . (0.57) — — — 0.57 — — — —
Net loss . . . . . . . . . . . . . . . . . . . $ (4.35) $0.11 $ 0.82 $(0.01) $0.57 $0.01 $0.01 $ 2.58 $ (0.26)
Weighted average shares used
in computing net loss per
share:
Basic and diluted . . . . . 473 473 473 473 473 473 473 473 473
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14. AGILENT TECHNOLOGIES, INC
RECONCILIATION OF QUARTERLY COST STRUCTURE REDUCTION
Quarterly Cost Structure Reduction
(in millions)
Operational Cost Reduction:
Restructuring . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $600
IT Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100
$800
Agilent’s operating breakeven cost structure can be reconciled to GAAP breakeven cost
structure as follows: Total GAAP costs and expenses: less restructuring, less cost of sales decrement,
less unusual IT projects such as ERP and CRM.
We provide non-GAAP financial information in order to provide meaningful supplemental
information regarding our operational performance and to enhance our investors’ overall
understanding of our core current financial performance and our prospects for the future. We
believe that our investors benefit from seeing our results “through the eyes” of management in
addition to the GAAP presentation. Management measures segment and enterprise performance
using measures such as those that are disclosed in this release. This information facilitates
management’s internal comparisons to the company’s historical operating results and comparisons
to competitors’ operating results.
Non-GAAP information allows for greater transparency to supplemental information used by
management in its financial and operational decision making. Historically, we have reported similar
non-GAAP information to our investors and believe that the inclusion of comparative numbers
provides consistency in our financial reporting.
This information is not in accordance with, or an alternative for, generally accepted accounting
principles in the United States. It excludes items, such as restructuring and amortization, that may
have a material effect on the company’s net income (loss) and net income (loss) per share calculated
in accordance with GAAP. Management monitors these items to ensure that expenses are in line
with expectations and that our GAAP results are correctly stated but does not use them to measure
the ongoing operating performance of the company. The non-GAAP information we provide may be
different from the non-GAAP information provided by other companies.
Historical amounts were reclassified to conform with current period presentation.
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