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Varian, Inc. Reports Second Quarter 2009 Results
Date:4/29/2009

--------- ---------- Total operating expenses 74,023 85,793 --------- ---------- Operating earnings 15,501 (4) 27,083 (10) Impairment of private company equity investment - (3,018) (11) Interest income 338 1,751 Interest expense (335) (435) --------- ---------- Earnings before income taxes 15,504 25,381 Income tax expense 5,318 (5) 9,594 (12) --------- ---------- Net earnings $10,186 (6) $15,787 (13) ========= ========== Net earnings per diluted share $0.35 (6) $0.52 (13) ========= ========== Diluted shares outstanding 28,952 30,243 ========= ==========
    NON-GAAP (ADJUSTED) FINANCIAL MEASURES (see also attached reconciliations
    of GAAP to Adjusted results for each of these measures):

    (1)   $112,079 on an adjusted basis excluding $1,471 in acquisition-
          related intangible amortization, $42 in acquisition-related
          inventory write-up amortization and $2,310 in restructuring and
          other related costs.
    (2)   $55,175 on an adjusted basis excluding $283 in acquisition-related
          intangible amortization and $3,820 in restructuring and other
          related costs.
    (3)   $13,901 on an adjusted basis excluding $844 in restructuring and
    
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SOURCE Varian, Inc.
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