PALO ALTO, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)
- Fiscal 2024 GAAP diluted net earnings per share ("EPS") of $2.81, above the previously provided outlook of $2.62 to $2.72 per share
- Fiscal 2024 non-GAAP diluted net EPS of $3.38, within the previously provided outlook of $3.35 to $3.45 per share
- Fiscal 2024 net revenue of $53.6 billion, down 0.3% from the prior-year period
- Fiscal 2024 net cash provided by operating activities of $3.7 billion, free cash flow of $3.3 billion
- Fiscal 2024 returned $3.2 billion to shareholders in the form of share repurchases and dividends
- Fourth quarter GAAP diluted net EPS of $0.93, above the previously provided outlook of $0.74 to $0.84 per share
- Fourth quarter non-GAAP diluted net EPS of $0.93, within the previously provided outlook of $0.89 to $0.99 per share
- Fourth quarter net revenue of $14.1 billion, up 1.7% from the prior-year period
- Fourth quarter net cash provided by operating activities of $1.6 billion, free cash flow of $1.5 billion
- Fourth quarter returned $1.2 billion to shareholders in the form of share repurchases and dividends
- HP Inc. announces dividend increase of 5%
| HP Inc.'s fiscal 2024 full-year and fourth quarter financial performance | |||||||||||||||||||
| FY24 | FY23 | Y/Y | Q4 FY24 | Q4 FY23 | Y/Y | ||||||||||||||
| GAAP net revenue ($B) | $ | 53.6 | $ | 53.7 | (0.3)% | $ | 14.1 | $ | 13.8 | 1.7% | |||||||||
| GAAP operating margin | 7.1 | % | 6.4 | % | 0.7 pts | 7.1 | % | 7.3 | % | (0.2) pts | |||||||||
| GAAP net earnings ($B) | $ | 2.8 | $ | 3.3 | (15)% | $ | 0.9 | $ | 1.0 | (7)% | |||||||||
| GAAP diluted net EPS | $ | 2.81 | $ | 3.26 | (14)% | $ | 0.93 | $ | 0.97 | (4)% | |||||||||
| Non-GAAP operating margin | 8.4 | % | 8.5 | % | (0.1) pts | 8.5 | % | 9.0 | % | (0.5) pts | |||||||||
| Non-GAAP net earnings ($B) | $ | 3.3 | $ | 3.3 | 2% | $ | 0.9 | $ | 0.9 | —% | |||||||||
| Non-GAAP diluted net EPS | $ | 3.38 | $ | 3.28 | 3% | $ | 0.93 | $ | 0.90 | 3% | |||||||||
| Net cash provided by operating activities ($B) | $ | 3.7 | $ | 3.6 | 5% | $ | 1.6 | $ | 2.0 | (18)% | |||||||||
| Free cash flow ($B) | $ | 3.3 | $ | 3.1 | 8% | $ | 1.5 | $ | 1.9 | (19)% | |||||||||
