HP Inc. Reports Fiscal 2018 Full Year and Fourth Quarter Results

PALO ALTO, Calif., Nov. 29, 2018 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)

  • Fiscal 2018 GAAP diluted net earnings per share (“EPS”) of $3.26, above the previously provided outlook of $2.82 to $2.85 per share

  • Fiscal 2018 non-GAAP diluted net EPS of $2.02, within the previously provided outlook of $2.00 to $2.03 per share  

  • Fiscal 2018 net revenue of $58.5 billion, up 12% from the prior-year period  

  • Fiscal 2018 net cash provided by operating activities of $4.5 billion, free cash flow of $4.2 billion  

  • Fiscal 2018 returned $3.5 billion to shareholders in the form of share repurchases and dividends  

  • Fourth quarter GAAP diluted net EPS of $0.91, above the previously provided outlook of $0.48 to $0.51 per share  

  • Fourth quarter non-GAAP diluted net EPS of $0.54, within the previously provided outlook of $0.52 to $0.55 per share  

  • Fourth quarter net revenue of $15.4 billion, up 10% from the prior-year period  

  • Fourth quarter net cash provided by operating activities of $1.0 billion, free cash flow of $0.8 billion  

  • Fourth quarter returned $0.8 billion to shareholders in the form of share repurchases and dividends
HP Inc.'s fiscal 2018 full-year and fourth quarter financial performance
 FY18 FY17 Y/Y Q4 FY18 Q4 FY17 Y/Y
GAAP net revenue ($B)$58.5 $52.1 12% $15.4 $13.9 10%
GAAP operating margin7.0% 6.8% 0.2 pts 6.8% 6.4% 0.4 pts
GAAP net earnings ($B)$5.3 $2.5 111% $1.5 $0.7 120%
GAAP diluted net EPS$3.26 $1.48 120% $0.91 $0.39 133%
            
Non-GAAP operating margin7.2% 7.4% (0.2) pts 7.1% 7.3% (0.2) pts
Non-GAAP net earnings ($B)$3.3 $2.8 17% $0.9 $0.7 15%
Non-GAAP diluted net EPS$2.02 $1.65 22% $0.54 $0.44 23%
Net cash provided by operating activities ($B)$4.5 $3.7 23% $1.0 $0.7 42%
Free cash flow ($B)$4.2 $3.3 24% $0.8 $0.5 64%

Notes to table
Information about HP Inc.'s use of non-GAAP financial information is provided under "Use of non-GAAP financial information" below.

Net revenue and EPS results
HP Inc. (“HP”) announced fiscal 2018 net revenue of $58.5 billion, up 12% (up 10% in constant currency) from the prior-year period.

Fiscal 2018 GAAP diluted net EPS was $3.26, up from $1.48 in the prior-year period and above the previously provided outlook of $2.82 to $2.85. Fiscal 2018 non-GAAP diluted net EPS was $2.02, up from $1.65 in the prior-year period and within the previously provided outlook of $2.00 to $2.03. Fiscal 2018 non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax adjustments of $2.0 billion, or $1.24 per diluted share, related to restructuring and other charges, acquisition-related charges, defined benefit plan settlement charges, amortization of intangible assets, non-operating retirement-related credits/(charges), debt extinguishment costs, and tax adjustments.

Fourth quarter net revenue was $15.4 billion, up 10% (up 9% in constant currency) from the prior-year period.

Fourth quarter GAAP diluted net EPS was $0.91, up from $0.39 in the prior-year period and above the previously provided outlook of $0.48 to $0.51. Fourth quarter non-GAAP diluted net EPS was $0.54, up from $0.44 in the prior-year period and within the previously provided outlook of $0.52 to $0.55. Fourth quarter non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax adjustments of $586 million, or $0.37 per diluted share, related to restructuring and other charges, acquisition-related charges, defined benefit plan settlement charges, amortization of intangible assets, non-operating retirement-related credits/(charges), and tax adjustments.

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »



Review Article Be the first to review this article

SolidCAM - See For Yourself

Featured Video
Editorial
Latest Blog Posts
Sanjay GangalMCADCafe Lens
by Sanjay Gangal
NVIDIA GTC October 2020 Keynote
Jobs
BIM Modeler for Woolpert at Oakbrook Terrace, Illinois
BIM Designer – Revit for Schneider Electric at Smyrna, Tennessee
Upcoming Events
3D Collaboration & Interoperability Congress at Golden CO - Feb 20 - 24, 2021
RAPID + TCT 2020 Postponed to 2021 at Anaheim Convention Center Anaheim CA - Apr 2, 2021
WESTEC at Long Beach Convention Center CA - Sep 21 - 23, 2021
Kenesto: 30 day trial



© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise