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

VARIAN, INC. AND SUBSIDIARY COMPANIES

RECONCILIATION OF GAAP TO ADJUSTED RESULTS - ACTUAL

UNAUDITED RESULTS OF OPERATIONS

(In thousands, except margin data)

First Quarter FY 2008 and First Quarter FY 2007

Fiscal Quarter Ended

------------------------------

December 28, December 29,

2007 2006

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SCIENTIFIC INSTRUMENTS SEGMENT

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Operating Earnings

U.S. GAAP as reported $19,802 $18,867

Adjustments:

Share-based compensation expense 846 1,030

Acquisition-related intangible

amortization 1,829 2,247

Acquisition-related inventory

write-up amortization 480 271

Restructuring and other related costs 2,001 115

------------ ------------

As adjusted $24,958 $22,530

============ ============

Operating Margins

U.S. GAAP as reported 10.1 % 10.7 %

Adjustments:

Share-based compensation expense 0.4 0.5

Acquisition-related intangible

amortization 1.0 1.2

Acquisition-related inventory

write-up amortization 0.2 0.2

Restructuring and other rel
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SOURCE Varian, Inc.
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