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Varian, Inc. Reports Fourth Quarter 2009 Results
Date:11/4/2009

--------- --------- Total operating expenses 78,092 93,234 --------- --------- Operating earnings 5,104 (4) 32,859 (11) Interest income 375 1,042 Interest expense (395) (382) --------- --------- Earnings before income taxes 5,084 33,519 Income tax expense 3,144 (5) 13,142 (12) --------- --------- Net earnings $ 1,940 (6) $ 20,377 (13) ========= ========= Net earnings per diluted share $0.07 (6) $0.69 (13) ========= ========= Diluted shares outstanding 29,138 29,367 ========= ========= NON-GAAP (ADJUSTED) FINANCIAL MEASURES (see also attached reconciliations of GAAP to Adjusted results for each of these measures): (1) $111,263 on an adjusted basis excluding $1,550 in acquisition-related intangible amortization, $72 in acquisition-related inventory write-up amortization and $378 in restructuring and other related costs. (2) $55,063 on an adjusted basis excluding $9,155 in costs related to the pending acquisition by Agilent, $194 in acquisition-related intangible amortization and $232 in restructuring and other related costs. (3) $13,694 on an adjusted basis excluding a credit of $246 in restructuring and other related costs. (4) $16,439 on an adjusted basis excluding the adjustments described in
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