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Agilent Reports Second-Quarter Fiscal Year 2023 Financial Results

2023/5/25 14:41:56¡¡Views£º350

Original from: Agilent Technologies



Agilent Technologies Inc. (NYSE: A) reported revenue of $1.72 billion for the second quarter ended April 30, 2023, an increase of 6.8% compared to the second quarter of 2022 and up 9.5% on a core(1) basis.


Second-quarter GAAP net income was $302 million, or $1.02 per share. This compares with $274 million, or 91 cents per share, in the second quarter of fiscal year 2022. Non-GAAP(2) net income was $377 million, or $1.27 per share during the quarter, compared with $340 million or $1.13 per share during the second quarter a year ago.


¡°In an increasingly challenging market environment, the Agilent team delivered solid results in the second quarter,¡± said Agilent President and CEO Mike McMullen. ¡°Revenues of $1.72 billion are up 9.5 percent core(1) with growth across all end markets and regions. Our results are driven by an innovative and broad portfolio, a differentiated customer experience, and outstanding execution.¡±


Financial Highlights


Life Sciences and Applied Markets Group


Agilent¡¯s Life Sciences and Applied Markets Group (LSAG) reported second-quarter revenue of $968 million, a year-over-year increase of 8% (up 10% on a core(1)basis). LSAG¡¯s operating margin for the quarter was 27.3%.


Agilent CrossLab Group


The Agilent CrossLab Group (ACG) reported second-quarter revenue of $387 million, a year-over-year increase of 10% (up 13% on a core(1) basis). ACG¡¯s operating margin for the quarter was 26.6%.


Diagnostics and Genomics Group


The Diagnostics and Genomics Group (DGG) reported second-quarter revenue of $362 million, a year-over-year increase of 1% (up 3% on a core(1) basis). DGG¡¯s operating margin for the quarter was 20.2%.


Full Year and Third-Quarter Outlook


Reflecting increased market uncertainties, full-year revenue is now expected to be in the range of $6.93 billion to $7.03 billion, representing reported growth of 1.2% to 2.7% and core(1) growth of 3.0% to 4.5%. Fiscal year 2023 non-GAAP(3) EPS guidance is now estimated to be in the range of $5.60 to $5.65.


The outlook for third-quarter revenue is expected to be in a range of $1.640 billion to $1.675 billion. Third-quarter non-GAAP(3) earnings guidance is expected to be in the range of $1.36 to $1.38 per share.


The outlook is based on forecasted currency exchange rates.




Source: Agilent Reports Second-Quarter Fiscal Year 2023 Financial Results