PALO ALTO, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)
- Fiscal 2023 GAAP diluted net earnings per share ("EPS") of $3.26, above the previously provided outlook of $2.95 to $3.07 per share
- Fiscal 2023 non-GAAP diluted net EPS of $3.28, within the previously provided outlook of $3.23 to $3.35 per share
- Fiscal 2023 net revenue of $53.7 billion, down 14.6% from the prior-year period
- Fiscal 2023 net cash provided by operating activities of $3.6 billion, free cash flow of $3.1 billion
- Fiscal 2023 returned $1.1 billion to shareholders in the form of dividends and share repurchases
- Fiscal 2023 retired $1.6 billion in long term debt
- Fourth quarter GAAP diluted net EPS was $0.97, above the previously provided outlook of $0.65 to $0.77 per share
- Fourth quarter non-GAAP diluted net EPS of $0.90, within the previously provided outlook of $0.85 to $0.97 per share
- Fourth quarter net revenue of $13.8 billion, down 6.5% from the prior-year period
- Fourth quarter net cash provided by operating activities of $2.0 billion, free cash flow of $1.9 billion
- Fourth quarter returned $0.3 billion to shareholders in the form of dividends
| HP Inc.'s fiscal 2023 full-year and fourth quarter financial performance | |||||||||||||||||||
| FY23 | FY22 | Y/Y | Q4 FY23 | Q4 FY22 | Y/Y | ||||||||||||||
| GAAP net revenue ($B) | $ | 53.7 | $ | 62.9 | (14.6)% | $ | 13.8 | $ | 14.8 | (6.5)% | |||||||||
| GAAP operating margin | 6.4 | % | 7.2 | % | (0.8) pts | 7.3 | % | 5.0 | % | 2.3 pts | |||||||||
| GAAP net earnings ($B) | $ | 3.3 | $ | 3.1 | 4% | $ | 1.0 | $ | — | NM | |||||||||
| GAAP diluted net EPS | $ | 3.26 | $ | 2.98 | 9% | $ | 0.97 | $ | (0.02 | ) | NM | ||||||||
| Non-GAAP operating margin | 8.5 | % | 8.5 | % | 0.0 pts | 9.0 | % | 7.6 | % | 1.4 pts | |||||||||
| Non-GAAP net earnings ($B) | $ | 3.3 | $ | 4.2 | (22)% | $ | 0.9 | $ | 0.8 | 8% | |||||||||
| Non-GAAP diluted net EPS | $ | 3.28 | $ | 3.98 | (18)% | $ | 0.90 | $ | 0.82 | 10% | |||||||||
| Net cash provided by operating activities ($B) | $ | 3.6 | $ | 4.5 | (20)% | $ | 2.0 | $ | 1.9 | 4% | |||||||||
| Free cash flow ($B) | $ | 3.1 | $ | 3.9 | (20)% | $ | 1.9 | $ | 1.8 | 3% | |||||||||
