HP reports FY23 GAAP EPS $3.26 above outlook; revenue $53.7B down 14.6% YoY

HP INC

2023-FY EPS reported $3.26 revenue$53,718,000,000

Q4 GAAP EPS $0.97 (above $0.65-0.77 guidance); non-GAAP EPS $0.90 within outlook.
FY23 net revenue $53.7B (-14.6% YoY); Q4 revenue $13.8B (-6.5% YoY).
FY23 free cash flow $3.1B; returned $1.1B to shareholders via dividends and buybacks.
FY23 retired $1.6B in long-term debt; net cash from operations $3.6B.
FY23 non-GAAP operating margin 8.5% flat YoY; Q4 margin improved 1.4 pts to 9.0%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HP INC reported fiscal year ended October 31, 2023 results: revenue $53.7 billion, net income $3.3 billion, EPS $3.26. Guidance reaffirmed.

Period: fiscal year ended October 31, 2023
Revenue: $53.7 billion
Net income: $3.3 billion
EPS: $3.26
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of $2.95 to $3.07 per share • Fiscal 2023 non-GAAP diluted net EPS of $3.28, within the previously provided outlook of $3.23 to $3.35 per share • Fiscal 2023 net revenue of $53.7 billion, down 14.6% from the prior-year period • Fiscal 2023 net cash provided by operating activities of $3.6 billion, free cash flow of $3.1 billion • Fiscal 2023 returned $1.1 billion

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HP INC reported fiscal quarter ended October 31, 2023 results: revenue $13.8 billion, net income $1.0 billion, EPS $0.97.

Period: fiscal quarter ended October 31, 2023
Revenue: $13.8 billion
Net income: $1.0 billion
EPS: $0.97
Result: reported results

Exact text from the filing

$0.65 to $0.77 per share • Fourth quarter non-GAAP diluted net EPS of $0.90, within the previously provided outlook of $0.85 to $0.97 per share • Fourth quarter net revenue of $13.8 billion, down 6.5% from the prior-year period • Fourth quarter net cash provided by operating activities of $2.0 billion, free cash flow of $1.9 billion • Fourth quarter returned $0.3

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Source: SEC EDGAR

accession 0000047217-23-000091

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