PALO ALTO, Calif., Aug. 29, 2023 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)
- Third quarter GAAP diluted net earnings per share ("EPS") of $0.76, above the previously provided outlook of $0.61 to $0.71 per share
- Third quarter non-GAAP diluted net EPS of $0.86, within the previously provided outlook of $0.81 to $0.91 per share
- Third quarter net revenue of $13.2 billion, down 9.9% from the prior-year period
- Third quarter net cash provided by operating activities of $1.0 billion, free cash flow of $0.9 billion
- Third quarter returned $0.3 billion to shareholders in the form of dividends
- Retired long-term debt of $1.1 billion
| HP Inc.'s fiscal 2023 third quarter financial performance | ||||||||
| Q3 FY23 | Q3 FY22 | Y/Y | ||||||
| GAAP net revenue ($B) | $ | 13.2 | $ | 14.6 | (9.9)% | |||
| GAAP operating margin | 7.2% | 8.6% | (1.4) pts | |||||
| GAAP net earnings ($B) | $ | 0.8 | $ | 1.1 | (32)% | |||
| GAAP diluted net EPS | $ | 0.76 | $ | 1.08 | (30)% | |||
| Non-GAAP operating margin | 8.8% | 9.4% | (0.6) pts | |||||
| Non-GAAP net earnings ($B) | $ | 0.9 | $ | 1.1 | (19)% | |||
| Non-GAAP diluted net EPS | $ | 0.86 | $ | 1.03 | (17)% | |||
| Net cash provided by operating activities ($B) | $ | 1.0 | $ | 0.4 | 148% | |||
| Free cash flow ($B) | $ | 0.9 | $ | 0.3 | 214% | |||
