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Agilent Technologies Inc., originally spun out of Hewlett-Packard in 1999, has evolved into a leading firm in the life sciences and diagnostics sector. The company specializes in creating advanced measurement technologies that serve a vast range of customers across various industries.
The company's core business revolves around three main segments: life science and applied tools, cross lab (which includes consumables and services related to life sciences and applied tools), and diagnostics and genomics. These segments collectively cater to a broad spectrum of markets, including biopharmaceuticals, chemicals, advanced materials, clinical labs, environmental testing, forensics, food safety, academic research, and government-related organizations.
Agilent's geographical reach is extensive, with significant operations in the U.S. and China. The company is committed to addressing global trends impacting human health and the environment and continuously anticipates future scientific needs.
Agilent provides comprehensive laboratory solutions that enhance the efficiency of laboratories, from sample preparation to data interpretation and management. Their instruments, software, services, and consumables are designed to meet the most complex laboratory demands, empowering scientists and researchers worldwide to make impactful discoveries and improvements in various fields.
Recent achievements include advancements in biopharmaceutical technology, collaborations with leading research institutions, and the launch of state-of-the-art diagnostic tools. The company also emphasizes sustainable practices and innovations aimed at improving human health and environmental outcomes.
Agilent Technologies (NYSE: A) announced two new products at the 72nd ASMS Conference on Mass Spectrometry and Allied Topics. The Agilent 7010D Triple Quadrupole GC/MS System targets food and environmental markets with its new HES 2.0 ion source, offering attogram-level sensitivity, robustness, and reduced downtime through built-in intelligence and eco-friendly manufacturing.
Additionally, the Agilent ExD Cell, compatible with the 6545XT AdvanceBio LC/Q-TOF system, enhances peptide and protein characterization for biopharma and life science research, meeting the needs for in-depth structural analysis with the integration of electron capture dissociation (ECD). These advancements reflect Agilent's commitment to innovation and customer-centric solutions.
Agilent Technologies reported second-quarter fiscal year 2024 revenue of $1.57 billion, an 8.4% decrease from the previous year. GAAP net income was $308 million, or $1.05 per share, a 3% increase from the prior year. Non-GAAP net income fell by 4% to $356 million, or $1.22 per share. The company revised its full-year revenue outlook to $6.420-$6.500 billion and non-GAAP EPS to $5.15-$5.25. For Q3, revenue is projected at $1.535-$1.575 billion with non-GAAP EPS of $1.25-$1.28. Agilent also announced a $750 million share repurchase by year-end and a new $2 billion repurchase program.
Agilent Technologies (NYSE: A) announced that Hans E. Bishop, co-founder of Altos Labs, has stepped down from the board of directors. Bishop joined the board in July 2017 and has contributed significantly to Agilent’s life sciences initiatives. Chairman Koh Boon Hwee expressed gratitude for Bishop's service. Despite stepping down, Bishop will continue to informally advise Agilent and CEO Padraig McDonnell. Bishop cited other commitments as the reason for his departure but remains optimistic about Agilent’s future under McDonnell’s leadership.
Agilent Technologies has launched the 8850 Gas Chromatograph (GC) System, a compact, single-channel GC that integrates the capabilities of the 6850 and 8890 GC systems. This new model is designed to benefit labs in various industries such as energy, chemicals, food, and pharmaceuticals. The 8850 GC offers faster analysis and intelligent features in a space-efficient design, reducing energy consumption by up to 30%. Key attributes include enhanced uptime through integrated instrument intelligence, remote connectivity for maintenance, and a touchscreen interface. The device promises to boost lab productivity and sustainability.
Agilent Technologies (NYSE: A) has announced a quarterly cash dividend of 23.6 cents per share.
This dividend will be paid on July 24, 2024, to shareholders of record as of July 2, 2024.
Future dividend amounts and timings will be determined and approved by Agilent's board of directors.
Agilent Technologies will showcase its latest mass spectrometry innovations at the 72nd ASMS Conference, from June 2-6, 2024, in Anaheim, CA. Agilent plans to unveil new products like the 6495D LC/TQ, capable of detecting analytes at parts per quadrillion levels, and the Revident LC/Q-TOF, a hybrid mass spectrometer for high-resolution analysis. Agilent’s offerings aim to enhance lab efficiency and data insights for diverse applications such as food safety and metabolomics. The company will host various events and sessions during the conference, inviting attendees to learn more about their cutting-edge solutions.
Agilent Technologies (NYSE: A) announced that CFO Bob McMahon will participate in a fireside chat at the Jefferies Global Healthcare Conference in New York City. The event will take place on Wednesday, June 5, at 8:30 a.m. EDT. Interested parties can listen to the live or recorded session via the Agilent Investor Relations website. The recording will be accessible for 90 days.
Agilent Technologies announced the presentation of its Solutions Innovation Research Awards to Professors Richard Robinson of Cornell University and Xingchen Ye of Indiana University. These awards recognize their contributions to advanced materials research, specifically in electrocatalysis and nanomaterials. Professor Robinson's work focuses on high-entropy nanoparticles and their applications in sustainable energy systems. He received a one-year loan of an Agilent Cary 630 FTIR system. Professor Ye specializes in nanomaterials for fuel-cell and semiconductor applications. He received a one-year loan of an Agilent Cary 5000 UV-Vis-NIR spectrophotometer. Agilent supports university research through its SIRA program, aiming to solve scientific problems with innovative use of its products.
Agilent Technologies Inc. (NYSE: A) will announce its second-quarter fiscal year 2024 financial results on May 29. The company will hold a conference call to discuss the results at 1:30 p.m. PT. Investors can join the call via the company's investor relations website.
Padraig McDonnell has assumed the role of Agilent CEO, succeeding Mike McMullen. McDonnell is the fourth CEO in Agilent's history. He brings a proven record of success, having served as president of the Agilent CrossLab Group (ACG) and chief commercial officer. McDonnell's leadership skills and customer focus are expected to drive Agilent's growth and success in the future.
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