HP Inc. Reports Fiscal 2024 First Quarter Results

(a)Effective at the beginning of its first quarter of fiscal 2024, HP realigned its business unit financial reporting more closely with its customer market segmentation. The realignment resulted in the transfer of LaserJet printers net revenues from Consumer Printing to Commercial Printing. HP reflected this change to its business unit information in prior reporting periods on an as-if basis which resulted in the reclassification of net revenues from Consumer Printing to Commercial Printing. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, earnings from operations, net earnings or net earnings per share.

 

 HP INC. AND SUBSIDIARIES
SEGMENT / BUSINESS UNIT INFORMATION (Revised)
(Unaudited)
(In millions)
 


  REVISED AMOUNTS  AMOUNTS AS PREVIOUSLY REPORTED  CHANGE
                              
  Three months ended  Twelve months ended  Three months ended  Twelve months ended  Three months ended  Twelve months ended
                                  
  Jan 31,
2022
  Apr 31,
2022
  Jul 31,
2022
  Oct 31,
2022
  Oct 31,
2022
  Jan 31,
2022
  Apr 31,
2022
  Jul 31,
2022
  Oct 31,
2022
  Oct 31,
2022
  Jan 31,
2022
  Apr 31,
2022
  Jul 31,
2022
  Oct 31,
2022
  Oct 31,
2022
Net revenue:                                                          
Consumer PS $ 4,339   $ 3,715     $ 3,117   $ 3,224   $ 14,395     $ 4,339   $ 3,715     $ 3,117   $ 3,224   $ 14,395     $     $     $     $     $  
Commercial PS   7,842     7,802       6,956     7,016     29,616       7,842     7,802       6,956     7,016     29,616                                
Personal Systems   12,181     11,517       10,073     10,240     44,011       12,181     11,517       10,073     10,240     44,011                                
Supplies   3,068     3,131       2,814     2,748     11,761       3,068     3,131       2,814     2,748     11,761                                
Commercial Printing (a)   1,349     1,317       1,322     1,351     5,339       1,039     1,042       1,036     1,108     4,225       310       275       286       243       1,114  
Consumer Printing (a)   414     515       439     434     1,802       724     790       725     677     2,916       (310 )     (275 )     (286 )     (243 )     (1,114 )
Printing   4,831     4,963       4,575     4,533     18,902       4,831     4,963       4,575     4,533     18,902                                
Corporate Investments   1               1     2       1               1     2                                
Total segment   17,013     16,480       14,648     14,774     62,915       17,013     16,480       14,648     14,774     62,915                                
Other       (5 )             (5 )         (5 )             (5 )                              
Total net revenue $ 17,013   $ 16,475     $ 14,648   $ 14,774   $ 62,910     $ 17,013   $ 16,475     $ 14,648   $ 14,774   $ 62,910     $     $     $     $     $  



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