HP Inc. Reports Fiscal 2020 Full Year and Fourth Quarter Results

PALO ALTO, Calif., Nov. 24, 2020 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)

  • Fiscal 2020 GAAP diluted net earnings per share ("EPS") of $2.00, above the previously provided outlook of $1.83 to $1.87 per share
  • Fiscal 2020 non-GAAP diluted net EPS of $2.28, above the previously provided outlook of $2.16 to $2.20 per share
  • Fiscal 2020 net revenue of $56.6 billion, down 3.6% from the prior-year period
  • Fiscal 2020 net cash provided by operating activities of $4.3 billion, free cash flow of $3.9 billion
  • Fiscal 2020 returned $4.1 billion to shareholders in the form of share repurchases and dividends
  • Fourth quarter GAAP diluted net EPS of $0.49, above the previously provided outlook of $0.32 to $0.36 per share
  • Fourth quarter non-GAAP diluted net EPS of $0.62, above the previously provided outlook of $0.50 to $0.54 per share
  • Fourth quarter net revenue of $15.3 billion, down 1.0% from the prior-year period
  • Fourth quarter net cash provided by operating activities of $1.9 billion, free cash flow of $1.8 billion
  • Fourth quarter returned $1.6 billion to shareholders in the form of share repurchases and dividends
  • HP Inc. ("HP") announces dividend increase of 10%

H P Inc.'s f iscal 2020 full-year and fourth quarter financial performance

  FY20FY19Y/Y Q4 FY20Q4 FY19Y/Y
GAAP net revenue ($B)$56.6 $58.8 (3.6)% $15.3 $15.4 (1.0)%
GAAP operating margin 6.1%  6.6% (0.5) pts  6.5%  6.1% 0.4pts
GAAP net earnings ($B)$2.8 $3.2 (10)% $0.7 $0.4 72%
GAAP diluted net EPS$2.00 $2.07 (3)% $0.49 $0.26  88%
Non-GAAP operating margin   7.2%     7.3%   (0.1) pts     6.9%     7.3%   (0.4) pts
Non-GAAP net earnings ($B) $ 3.2   $ 3.4   (5)%   $ 0.8   $ 0.9   (7)%
Non-GAAP diluted net EPS $ 2.28   $ 2.24   2%   $ 0.62   $ 0.60   3%
Net cash provided by operating activities ($B) $ 4.3   $ 4.7   (7)%   $ 1.9   $ 0.6   219%
Free cash flow ($B) $ 3.9   $ 4.0   (2)%   $ 1.8   $ 0.4   359%

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