PALO ALTO, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)
- First quarter GAAP diluted net earnings per share ("EPS") of $0.59, within the previously provided outlook of $0.57 to $0.63 per share
- First quarter non-GAAP diluted net EPS of $0.74, within the previously provided outlook of $0.70 to $0.76 per share
- First quarter net revenue of $13.5 billion, up 2.4% from the prior-year period
- First quarter net cash provided by operating activities of $0.4 billion, free cash flow of $0.1 billion
- First quarter returned $0.4 billion to shareholders in the form of share repurchases and dividends
- Estimated $300 million increase in Future Ready plan annualized gross run rate structural cost savings, to $1.9 billion by end of fiscal year 2025 and estimated $150 million increase in restructuring and other charges to approximately $1.2 billion by the end of fiscal year 2025
| HP Inc.'s fiscal 2025 first quarter financial performance | |||||||||
| Q1 FY25 | Q1 FY24 | Y/Y | |||||||
| GAAP net revenue ($B) | $ | 13.5 | $ | 13.2 | 2.4 % | ||||
| GAAP operating margin | 6.3 % | 7.1 % | (0.8) pts | ||||||
| GAAP net earnings ($B) | $ | 0.6 | $ | 0.6 | (9)% | ||||
| GAAP diluted net EPS | $ | 0.59 | $ | 0.62 | (5)% | ||||
| Non-GAAP operating margin | 7.3 % | 8.4 % | (1.1)pts | ||||||
| Non-GAAP net earnings ($B) | $ | 0.7 | $ | 0.8 | (13)% | ||||
| Non-GAAP diluted net EPS | $ | 0.74 | $ | 0.81 | (9)% | ||||
| Net cash provided by operating activities ($B) | $ | 0.4 | $ | 0.1 | 209 % | ||||
| Free cash flow ($B) | $ | 0.1 | $ | 0.0 | 180 % | ||||
