Tuesday, July 30, 2013

Lexmark Reports Its Second Quarter Financial Result for 2013

Lexmark International Inc. has announced the financial result for the second quarter of 2013 last July 23: "In the second quarter, Lexmark exceeded its April guidance range for both revenue and EPS," said Paul Rooke, Lexmark Chairman and Chief Executive Officer. "Our high value, strategic segments of managed print services and Perceptive Software both grew at a double-digit rate, and we generated solid free cash flow."

"Enabled by our long history of cash generation, we continue to create value for Lexmark shareholders through the combination of share repurchases, dividends, and organic and acquisitive investments to further advance our end-to-end solutions capabilities," said Rooke.

"Recent significant customer wins, along with multiple, prestigious industry accolades, show that the growth synergies we are creating between Imaging Solutions and Services and Perceptive Software have positioned Lexmark well to help customers solve their unstructured information challenges and enable us to lead in this large and expanding market," Rooke added.

According to Lexmark's report, the GAAP revenue of $887 million includes $3 million of acquisition-related adjustments. Non-GAAP revenue of $890 million declined 3 percent compared with last year.  Excluding the planned decline in Inkjet Exit revenue2, non-GAAP revenue grew 4 percent year-to-year. The GAAP earnings per share for the second quarter of 2013 were $1.39, compared with GAAP earnings of $0.55 per share in the second quarter of 2012.

Lexmark also reported that the second quarter of 2013 result includes a $71 million pre-tax gain on the sale of inkjet-related technology and assets. Second quarter 2013 net adjustments were ($0.44) per share. Second quarter 2012 adjustments were $0.34 per share.While the non-GAAP earnings were $0.95 per share compared with non-GAAP earnings of $0.89 per share in the second quarter of 2012.

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...