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

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December 28, December 29,

2007 2006

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Sales $237,431 $217,938

Cost of sales 130,129 (1) 118,239 (7)

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Gross profit 107,302 99,699

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Operating expenses

Selling, general and administrative 65,980 (2) 61,201 (8)

Research and development 17,180 (3) 15,610 (9)

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Total operating expenses 83,160 76,811

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Operating earnings 24,142 (4) 22,888 (10)

Interest income (expense)

Interest income 1,937 1,269

Interest expense (449) (534)

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Total interest income, net 1,488 735

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Earnings before income taxes 25,630 23,623

Income tax expense 8,046 (5) 8,268 (11)

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Net earnings $17,584 (6) $15,355 (12)

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Net earnings per diluted share $0.57 (6) $0.49 (12)

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Diluted shares outstanding 30,900 31,058


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SOURCE Varian, Inc.
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