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Varian, Inc. Reports First Quarter 2008 Results
Date:1/23/2008

FY 2008 and First Quarter FY 2007

Fiscal Quarter Ended

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December 28, December 29,

2007 2006

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TOTAL COMPANY (Continued)

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Net Earnings

U.S. GAAP as reported $17,584 $15,355

Adjustments:

Share-based compensation expense 1,105 1,822

Acquisition-related intangible

amortization 1,190 1,458

Acquisition-related inventory

write-up amortization 313 176

Restructuring and other related costs 1,303 75

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As adjusted $21,495 $18,886

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Diluted Earnings Per Share

U.S. GAAP as reported $0.57 $0.49

Adjustments:

Share-based compensation expense 0.04 0.06

Acquisition-related intangible

amortization 0.04 0.05

Acquisition-related inventory

write-up amortization 0.01 0.01

Restructuring and other related costs 0.04 -

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As adjusted $0.70 $0.61

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SOURCE Varian, Inc.
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