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

the tax impact of the

adjustments described in items (7) - (9) above.

(12) $18,886 and $0.61 per diluted share, respectively, on an adjusted

basis excluding the adjustments (net of related tax effects)

described in items (7) - (9) above.

VARIAN, INC. AND SUBSIDIARY COMPANIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET

(In thousands, except par value amounts)

December 28, September 28,

2007 2007

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

ASSETS

Current assets

Cash and cash equivalents $197,680 $196,396

Accounts receivable, net 175,431 187,429

Inventories 157,843 140,533

Deferred taxes 38,288 38,068

Prepaid expenses and

other current assets 17,114 17,332

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

Total current assets 586,356 579,758

Property, plant and equipment, net 108,715 110,792

Goodwill and intangible assets, net 237,202 225,332

Other assets 20,398 20,951

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

Total assets $952,671 $936,833

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

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities

Current portion of long-term debt $6,250 $6,250

Accounts payable
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SOURCE Varian, Inc.
Copyright©2008 PR Newswire.
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