HP Inc. Forecasts Robust 2018 Fiscal Performance

HP Inc. President and CEO Dion Weisler

Yesterday at its 2017 Securities Analyst Meeting in Palo Alto, HP Inc. released its forecast for its 2018 fiscal year. HP is projecting net earnings per share of $1.69 to $1.79, cash flow of at least $3.0 billion, and expects to return 50 to 75 percent of fiscal 2018  cash flow to shareholders through dividends and share repurchases

HP Inc. President and CEO Dion Weisler commented: “Fiscal 2017 has been a tremendous year for HP and we are just getting started. We’ve delivered reliable earnings and cash flow, taken profitable share, driven productivity, stabilized our core businesses, and importantly, we grew. We are well positioned to lead in the core, accelerate growth opportunities, like A3 and graphics in printing and commercial transformation in Personal Systems, and capture the future with 3D printing in plastics and now metals.”

“HP has been building strong business momentum, demonstrating our strategy is working,” commented Cathie Lesjak, HP Inc. Chief Financial Officer. “We expect to continue our momentum in fiscal 2018.  We have shown that we can deliver in the short-term, while also positioning ourselves for long-term success.”

This past August, HP posted its second consecutive quarter of higher revenue growth, reporting third-quarter net revenue of $13.1 billion, up 10 percent versus third-quarter 2016. For the third quarter, HP’s printing group’s net revenue was $4.70 billion, up 6.2 percent year-over-year. In the printing group, while total hardware units were up only up 1 percent, with commercial hardware units flat and consumer hardware units up 1 percent, supplies net revenue was up 10 percent.

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