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AI English summary of an SEC filing — figures as filed

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HP said fiscal 2024 Q3 net revenue was $13.5 billion, up 2.4% from the prior-year period. GAAP diluted net EPS was $0.65 and non-GAAP diluted net EPS was $0.83.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. HP said fiscal 2024 Q3 net revenue was $13.5 billion, up 2.4% from the prior-year period. GAAP diluted net EPS was $0.65 and non-GAAP diluted net EPS was $0.83.

  2. The company said Personal Systems net revenue for Q3 was $9.4 billion, up 5% year over year, with an operating margin of 6.4%. Printing net revenue was $4.1 billion, down 3%, with an operating margin of 17.3%.

  3. HP said net cash provided by operating activities for Q3 was $1.4 billion and free cash flow was $1.3 billion. It said it returned $0.9 billion to shareholders through dividends and share repurchases in Q3.

  4. The company said its Board of Directors on August 27, 2024 increased the share repurchase authorization to $10.0 billion in total, including the amount remaining under the Board's prior authorization. It also said the authorization has no expiration date and does not obligate HP to repurchase any particular amount of common stock.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q3 Net Revenue and GAAP and Non-GAAP EPS

HP said fiscal 2024 Q3 net revenue was $13.5 billion, up 2.4% from the prior-year period. GAAP diluted net EPS was $0.65 and non-GAAP diluted net EPS was $0.83.

Source · Based on the filing body and exhibits

Q3 Segment Net Revenue and Operating Margin

The company said Personal Systems net revenue for Q3 was $9.4 billion, up 5% year over year, with an operating margin of 6.4%. Printing net revenue was $4.1 billion, down 3%, with an operating margin of 17.3%.

Source · Based on the filing body and exhibits

Q3 Operating Cash Flow and Free Cash Flow

HP said net cash provided by operating activities for Q3 was $1.4 billion and free cash flow was $1.3 billion. It said it returned $0.9 billion to shareholders through dividends and share repurchases in Q3.

Source · Based on the filing body and exhibits

Share Repurchase Authorization Increased

The company said its Board of Directors on August 27, 2024 increased the share repurchase authorization to $10.0 billion in total, including the amount remaining under the Board's prior authorization. It also said the authorization has no expiration date and does not obligate HP to repurchase any particular amount of common stock.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.