HP Inc. Reports Fiscal 2024 Full Year and Fourth Quarter Results



HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)
 
  Three months ended  Change (%)
  October 31, 2024  July 31, 2024  October 31, 2023  Q/Q  Y/Y
Net revenue:         
Commercial PS$6,522  $6,677  $6,213  (2)% 5%
Consumer PS 3,069   2,692   3,185  14% (4)%
Personal Systems 9,591   9,369   9,398  2% 2%
Supplies 2,865   2,703    2,821     6%   2%
Commercial Printing (a)   1,262       1,147       1,281     10%   (1)%
Consumer Printing (a)   325       293       316     11%   3%
Printing   4,452       4,143       4,418     7%   1%
Corporate Investments (b)   11       7       2     NM   NM
Total segment net revenue   14,054       13,519       13,818     4%   2%
Other (b)   1             (1 )   NM   NM
Total net revenue $ 14,055     $ 13,519     $ 13,817     4%   2%
                   
Earnings before taxes:                  
Personal Systems $ 550     $ 599     $ 631          
Printing   874       715       836          
Corporate Investments   (37 )     (28 )     (39 )        
Total segment earnings from operations   1,387       1,286       1,428          
Corporate and unallocated cost and other   (102 )     (101 )     (96 )        
Stock-based compensation expense   (85 )     (96 )     (85 )        
Restructuring and other charges   (121 )     (46 )     (111 )        
Acquisition and divestiture charges   (12 )     (22 )     (34 )        
Amortization of intangible assets   (76 )     (81 )     (88 )        
Interest and other, net   (129 )     (113 )     (162 )        
Total earnings before taxes $ 862     $ 827     $ 852          



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