HP INC (HPQ): restructuring charge — HP Q1 GAAP EPS $0.59, revenue up 2.4% YoY; expands restructuring plan to cut 1K-2K jobs

HP INC

2025-Q1 EPS reported $0.59 revenue$13,504,000,000

GAAP diluted EPS $0.59 (within outlook), non-GAAP $0.74; revenue $13.5B (+2.4% YoY).
GAAP operating margin 6.3% (down 80bps), non-GAAP 7.3% (down 110bps); GAAP net earnings $0.6B (-9%).
Free cash flow $0.1B; returned $0.4B to shareholders via buybacks and dividends.
Expanded Future Ready restructuring: additional $300M annual savings, total $1.9B by FY2025 end.
Approved $150M additional restructuring charges, total ~$1.2B; workforce cuts of 1,000-2,000 employees.

item 2.02 item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

HP INC announced a restructuring with charges of approximately $150 million (approximately 1,000 to 2,000 employees).

Type: restructuring
Charge: approximately $150 million
Headcount: approximately 1,000 to 2,000 employees

Exact text from the filing

HP anticipates incurring approximately $150 million in additional restructuring and other charges in connection with the plan amendment, due primarily to cash labor costs, for a total of approximately $1.2 billion in restructuring and other charges over the course of fiscal 2023 through fiscal 2025. HP expects incremental gross workforce reductions of approximately 1,000 to 2,000 employees

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Source: SEC EDGAR

accession 0000047217-25-000023

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