Item 2.02. Results of Operations and Financial Condition.
On May 7, 2009, Newport Corporation (the "Registrant") announced its financial results for the first quarter ended April 4, 2009 and provided an update on its cost reduction initiatives. The press release issued by the Registrant in connection with the announcement is attached to this report as Exhibit 99.1. This information shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing by the Registrant under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as may be set forth by specific reference in such a filing.
Use of Non-GAAP Financial Measures
In the press release attached to this report as Exhibit 99.1, the Registrant has supplemented certain of its financial measures prepared in accordance with accounting principles generally accepted in the United States (GAAP) with non-GAAP financial measures. These non-GAAP financial measures and the reasons for their inclusion are described below. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the Registrant's financial measures prepared in accordance with GAAP. The Registrant has provided non-GAAP measures of net income (loss) and net income (loss) per diluted share for its first quarters ended April 4, 2009 and March 29, 2008 that have been adjusted to exclude, as applicable, (1) costs related to profit improvement actions previously announced by the Registrant;
(2) non-cash interest expense relating to the Registrant's convertible subordinated notes; (3) costs related to business development activities; and
(4) the income tax impact related to the foregoing excluded amounts. A reconciliation between the Registrant's GAAP results and non-GAAP results is included following the statements of operations that are a part of the press release attached to this report as Exhibit 99.1. Management considers the amounts excluded from such non-GAAP measures to be outside of the Registrant's core operating results. Therefore, these items have been excluded with the intent of providing both management and investors with a more complete understanding of the Registrant's underlying operational results and performance trends and a more meaningful basis for comparison of such results with the Registrant's historical and expected financial results. In addition, these adjusted non-GAAP measures are among the primary indicators that management uses as a basis for its planning and forecasting of future periods and may also be used by management for other purposes including its evaluation of performance to determine the achievement of goals under the Registrant's incentive plans.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.

Exhibit No. Description 99.1 Press Release dated May 7, 2009 (furnished pursuant to Item 2.02 and not deemed filed).

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