Keysight Technologies’ Corporate Headquarters Operational After Northern California Fires
Company Reaffirms Fourth Quarter 2017 Guidance and Announces Fourth Quarter Fiscal Year 2017 Earnings Conference Call
SANTA ROSA, Calif.--(BUSINESS WIRE)-- Keysight Technologies, Inc. (NYSE: KEYS) today announced today that its corporate headquarters, located at 1400 Fountaingrove Pkwy, Santa Rosa, Calif., is operational after being temporarily closed due to the Northern California wildfires. All four main buildings on-site are intact and the majority of production-related facilities are now in operation. As a result of the proximity to the fires, the building interiors experienced smoke and other fire-related environmental impacts. Cleaning and additional restoration efforts are ongoing in both production and non-production areas of the site. To ensure business continuity, the company has leased office space in the local area that will support Santa Rosa employees who are not immediately re-occupying the site.
Business continues as usual at Keysight’s other 145 worldwide locations, including its primary manufacturing and order fulfillment location in Penang, Malaysia. As the company restores the Santa Rosa site, it continues to take orders, ship products and otherwise meet the needs of its customers. Accordingly, the company expects that fourth quarter 2017 results will be in line with the guidance provided in its earnings press release on Aug. 30, 2017.
Keysight Technologies will release fourth quarter fiscal 2017 earnings after the stock market closes on Wednesday, Dec. 6, 2017. The company will host a live webcast of its investor conference call in listen-only mode.
|Date:||Wednesday, Dec. 6|
|Time:||1:30 p.m. PT|
Listeners may log on to the call under the “Upcoming Events” section and select "Q4 2017 Keysight Technologies Inc. Earnings Conference Call” to participate, or dial +1 844-579-6824 (U.S. only) or +1 763-488-9145 (International). The webcast will remain available on the website for 90 days.
A telephone replay of the conference call will be available at approximately 4:30 p.m. PT, Dec. 6 through Dec. 13 by dialing +1 855-859-2056 (or +1 404-537-3406 from outside the U.S.), and entering access code 94173241.
Note that Keysight is reaffirming guidance at this time solely in response to any uncertainty created by the Northern California wildfires and does not expect to reaffirm guidance in future quarters.
This communication contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. These forward-looking statements involve risks and uncertainties that could significantly affect the expected results and are based on certain key assumptions of Keysight’s management and on currently available information. Due to such uncertainties and risks, no assurances can be given that such expectations or assumptions will prove to have been correct, and readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Keysight undertakes no responsibility to publicly update or revise any forward-looking statement. The forward-looking statements contained herein include, but are not limited to, information and future guidance on the company’s revenues, demand, financial condition, earnings, operations, and operating earnings, as well as the company’s expected recovery from the Santa Rosa fires, the timeline for restoration, recovery and re-occupancy of the Santa Rosa site, and the company’s planned release date for fourth quarter fiscal 2017 earnings, in each case, that involve risks and uncertainties that could cause Keysight’s results to differ materially from management’s current expectations. Such risks and uncertainties include, but are not limited to, access to and evaluation of the Santa Rosa site; fire-related damage to the Santa Rosa site; changes in the demand for current and new products, technologies, and services; customer purchasing decisions and timing, and the risk that we are not able to realize the savings or benefits expected from integration or restructuring activities. The words “anticipate,” “plan,” “estimate,” “expect,” “intend,” “will,” “should,” “forecast,” “project,” and similar expressions, as they relate to the company, are intended to identify forward-looking statements.
In addition to the risks above, other risks that Keysight faces include those detailed in Keysight’s filings with the Securities and Exchange Commission, including our Form 10-K for the fiscal year ended Oct. 31, 2016, and Keysight’s quarterly report on Form 10-Q for the period ended July 31, 2017.
About Keysight Technologies
Keysight Technologies, Inc. (NYSE: KEYS) is a leading technology company that helps its engineering, enterprise and service provider customers optimize networks and bring electronic products to market faster and at a lower cost. Keysight's solutions go where the electronic signal goes, from design simulation, to prototype validation, to manufacturing test, to optimization in networks and cloud environments. Customers span the worldwide communications ecosystem, aerospace and defense, automotive, energy, semiconductor and general electronics end markets. Keysight generated revenues of $2.9B in fiscal year 2016. In April 2017, Keysight acquired Ixia, a leader in network test, visibility, and security. More information is available at www.keysight.com.
Source: Keysight Technologies, Inc.