HP Inc. Fiscal 2024 Financial Performance Overview
Key Highlights
In the fiscal year 2024, HP Inc. reported a GAAP diluted net earnings per share of $2.81, exceeding the previously provided outlook. Non-GAAP diluted net EPS stood at $3.38, falling within the expected range. The net revenue for the year totaled $53.6 billion, experiencing a marginal decrease from the prior-year period. HP Inc. also generated $3.7 billion in net cash from operating activities and returned $3.2 billion to shareholders through share repurchases and dividends.
Fourth Quarter Results
For the fourth quarter of fiscal 2024, HP Inc. posted a GAAP diluted net EPS of $0.93, surpassing the projected range. Non-GAAP diluted net EPS was in line with expectations at $0.93. The net revenue for the quarter reached $14.1 billion, representing a 1.7% increase from the same period in the previous year. The company generated $1.6 billion in net cash from operating activities and returned $1.2 billion to shareholders.
Dividend Increase
HP Inc. announced a dividend increase of 5% for its shareholders, reflecting confidence in the company’s financial performance and future prospects.
Financial Comparison
| FY24 | FY23 | Y/Y | Q4 FY24 | Q4 FY23 | Y/Y | |
|---|---|---|---|---|---|---|
| GAAP net revenue ($B) | $53.6 | $53.7 | (0.3)% | $14.1 | $13.8 | 1.7% |
| GAAP operating margin | 7.1% | 6.4% | 0.7 pts | 7.1% | 7.3% | (0.2) pts |
| GAAP net earnings ($B) | $2.8 | $3.3 | (15)% | $0.9 | $1.0 | (7)% |
| GAAP diluted net EPS | $2.81 | $3.26 | (14)% | $0.93 | $0.97 | (4)% |
Use of non-GAAP Financial Information
HP Inc.’s use of non-GAAP financial information is aimed at providing a clearer understanding of the company’s operational performance and financial health. It excludes certain items to present a more accurate picture of the core business results.
Effect on Individuals
For individual shareholders, HP Inc.’s strong financial performance and dividend increase may result in higher returns on investment. It demonstrates the company’s commitment to delivering value to its shareholders and confidence in its ability to generate sustained growth.
Effect on the World
On a broader scale, HP Inc.’s financial performance can impact the technology sector and the global economy. As a leading technology company, its success may signal broader trends in the industry and serve as a benchmark for other organizations. A thriving HP Inc. can contribute to job creation, innovation, and overall economic stability.
Conclusion
In conclusion, HP Inc.’s fiscal 2024 financial performance showcases resilience and adaptability in a competitive market environment. The company’s ability to meet or exceed expectations in key financial metrics reflects its strong leadership and strategic direction. By prioritizing shareholder value and sustainable growth, HP Inc. is well-positioned to navigate future challenges and capitalize on emerging opportunities.
