HP Inc. Reports Fiscal 2024 Third Quarter Results

(b) "NM" represents not meaningful.


HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)
 
  Nine months ended  Change (%)
  July 31, 2024  July 31, 2023  Y/Y
Net revenue:     
Commercial PS$18,964  $18,499  3%
Consumer PS 7,640   7,787  (2)%
Personal Systems 26,604   26,286  1%
Supplies 8,430   8,631  (2)%
Commercial Printing(a) 3,579   3,969  (10)%
Consumer Printing(a) 877   1,011  (13 )%
Printing   12,886       13,611     (5 )%
Corporate Investments (b)   14       5     NM  
Total segment net revenue   39,504       39,902     (1 )%
Other (b)         (1 )   NM  
Total net revenue $ 39,504     $ 39,901     (1 )%
           
Earnings before taxes:          
Personal Systems $ 1,644     $ 1,498      
Printing   2,416       2,563      
Corporate Investments   (95 )     (103 )    
Total segment earnings from operations   3,965       3,958      
Corporate and unallocated cost and other   (278 )     (280 )    
Stock-based compensation expense   (367 )     (353 )    
Restructuring and other charges   (180 )     (416 )    
Acquisition and divestiture charges   (71 )     (205 )    
Amortization of intangible assets   (242 )     (262 )    
Interest and other, net   (410 )     (357 )    
Total earnings before taxes $ 2,417     $ 2,085      
           

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