HP Inc

Latest Results (17.12.2024):

Revenue and Earnings

HP Inc. reported fiscal 2024 net revenue of $53.6 billion, reflecting a slight decrease of 0.3% from the previous year. The company's GAAP diluted net earnings per share (EPS) for the year was $2.81, surpassing the previously provided outlook of $2.62 to $2.72. Non-GAAP diluted net EPS for fiscal 2024 was $3.38, which was within the expected range of $3.35 to $3.45.

Fourth Quarter Performance

In the fourth quarter of fiscal 2024, HP Inc. achieved net revenue of $14.1 billion, marking a 1.7% increase compared to the same period last year. The GAAP diluted net EPS for the fourth quarter was $0.93, exceeding the forecasted range of $0.74 to $0.84. Non-GAAP diluted net EPS for the quarter was also $0.93, aligning with the anticipated range of $0.89 to $0.99.

Cash Flow and Shareholder Returns

HP Inc. generated $3.7 billion in net cash from operating activities and $3.3 billion in free cash flow during fiscal 2024. The company returned $3.2 billion to shareholders through share repurchases and dividends. In the fourth quarter alone, HP returned $1.2 billion to shareholders, including $900 million used for share repurchases.

Dividend Increase

HP Inc. announced a 5% increase in its quarterly dividend, raising it to $0.2894 per share. This dividend is payable on January 2, 2025, to stockholders of record as of December 11, 2024. The increase reflects HP's confidence in its future financial performance and commitment to returning value to shareholders.

Outlook for Fiscal 2025

Looking ahead to fiscal 2025, HP Inc. projects GAAP diluted net EPS to be between $3.06 and $3.36, with non-GAAP diluted net EPS expected to range from $3.45 to $3.75. The company anticipates generating free cash flow between $3.2 billion and $3.6 billion, indicating a positive outlook for the upcoming fiscal year.