secwatch.observer — SEC 8-K summary
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Issuer:     HP INC (HPQ)
CIK:        0000047217
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0000047217-22-000061
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HP reports FY22 GAAP EPS $3.05, Q4 GAAP nil; announces restructuring and dividend increase
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- FY22 GAAP diluted EPS $3.05 (below outlook $3.46-$3.56); non-GAAP $4.08 (within $4.02-$4.12).
- Q4 GAAP diluted EPS negligible (below $0.44-$0.54 outlook); non-GAAP $0.85 (within $0.79-$0.89).
- FY22 net revenue $63.0B, down 0.8% YoY; Q4 revenue $14.8B, down 11.2% YoY.
- Board approved Future Ready plan: annual savings target $1.4B by FY25, restructuring charges ~$1.0B, workforce cuts 4,000-6,000.
- Dividend raised 5% to $0.2625/share quarterly, starting Q1 FY23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/47217/000004721722000061/0000047217-22-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47217/000004721722000061/hpq-20221118.htm
  HTML page:      https://secwatch.observer/filing/0000047217-22-000061

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