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

----------- ----------- Sales $ 806,744 $1,012,515 Cost of sales 452,054 (1) 560,061 (7) ----------- ----------- Gross profit 354,690 452,454 ----------- ----------- Operating expenses Selling, general and administrative 239,282 (2) 277,478 (8) Research and development 56,425 (3) 71,810 (9) Purchased in-process research and development - 1,703 (10) ----------- ----------- Total operating expenses 295,707 350,991 ----------- ----------- Operating earnings 58,983 (4) 101,463 (11) Impairment of private company equity investment - (3,018) (12) Interest income 1,650 5,930 Interest expense (1,486) (1,656) ----------- ----------- Earnings before income taxes 59,147 102,719 Income tax expense 20,527 (5) 37,605 (13) ----------- ----------- Net earnings $ 38,620 (6) $ 65,114 (14) =========== =========== Net earnings per diluted share $1.34 (6) $2.17 (14) =========== =========== Diluted shares outstanding 28,936 30,072
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