HP'S FISCAL2018REPORTS: PRINTING NET REVENUE GROWS

Originally published at HP.

HP Inc. Reports Fiscal 2018 Full Year and Fourth Quarter Results

HP Inc. (“HP”) announced fiscal 2018 net revenue of $58.5 billion, up 12% (up 10% in constant currency) from the prior-year period.
Fourth quarter net revenue was $15.4 billion, up 10% (up 9% in constant currency) from the prior-year period.

Fiscal 2018 fourth quarter segment results:
? Printing net revenue was up 9% year over year (up 8% in constant currency) with a 16.1% operating margin. Total hardware units were up 11% with Commercial hardware units up 85% and Consumer hardware units up 3%. Supplies net revenue was up 7% (up 6% in constant currency).

Here is HP Inc.’s fiscal 2018 full-year and fourth quarter financial performance:


● Fiscal 2018 GAAP diluted net earnings per share (“EPS”) of $3.26, above the previously provided outlook of $2.82 to $2.85 per share
● Fiscal 2018 non-GAAP diluted net EPS of $2.02, within the previously provided outlook of $2.00 to $2.03 per share
● Fiscal 2018 net revenue of $58.5 billion, up 12% from the prior-year period
● Fiscal 2018 net cash provided by operating activities of $4.5 billion, free cash flow of $4.2 billion
● Fiscal 2018 returned $3.5 billion to shareholders in the form of share repurchases and dividends
● Fourth quarter GAAP diluted net EPS of $0.91, above the previously provided outlook of $0.48 to $0.51 per share
● Fourth quarter non-GAAP diluted net EPS of $0.54, within the previously provided outlook of $0.52 to $0.55 per share
● Fourth quarter net revenue of $15.4 billion, up 10% from the prior-year period
● Fourth quarter net cash provided by operating activities of $1.0 billion, free cash flow of $0.8 billion
● Fourth quarter returned $0.8 billion to shareholders in the form of share repurchases and dividends