HP Inc. Reports Fiscal 2021 Full Year and Fourth Quarter Results

PALO ALTO, Calif., Nov. 23, 2021 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ)

  • Fiscal 2021 GAAP diluted net earnings per share ("EPS") of $5.331, above the previously provided outlook of $3.56 to $3.62 per share
  • Fiscal 2021 non-GAAP diluted net EPS of $3.79, above the previously provided outlook of $3.69 to $3.75 per share
  • Fiscal 2021 net revenue of $63.5 billion, up 12.1% from the prior-year period
  • Fiscal 2021 net cash provided by operating activities of $6.4 billion1, free cash flow of $4.2 billion
  • Fiscal 2021 returned $7.2 billion to shareholders in the form of share repurchases and dividends
  • Fourth quarter GAAP diluted net EPS of $2.711, above the previously provided outlook of $0.82 to $0.88 per share
  • Fourth quarter non-GAAP diluted net EPS of $0.94, above the previously provided outlook of $0.84 to $0.90 per share
  • Fourth quarter net revenue of $16.7 billion, up 9.3% from the prior-year period
  • Fourth quarter net cash provided by operating activities of $2.8 billion1, free cash flow of $0.9 billion
  • Fourth quarter returned $2.0 billion to shareholders in the form of share repurchases and dividends

HP Inc.'s fiscal 2021 full-year and fourth quarter financial performance

  FY21FY20Y/YQ4 FY21Q4 FY20Y/Y
GAAP net revenue ($B)$63.5 $56.6 12.1% $16.7 $15.3 9.3% 
GAAP operating margin 8.4%  6.1% 2.3 pts  7.4%  6.5% 0.9 pts 
GAAP net earnings1 ($B)$6.5 $2.8 129% $3.1 $0.7 364% 
GAAP diluted net EPS1$5.33 $2.00 167% $2.71   $ 0.49   453%  
Non-GAAP operating margin 2   9.1%     7.2%   1.9 pts     8.1%     6.9%   1.2 pts  
Non-GAAP net earnings 2 ($B) $ 4.6   $ 3.2   43%   $ 1.1   $ 0.8   29%  
Non-GAAP diluted net EPS 2 $ 3.79   $ 2.28   66%   $ 0.94   $ 0.62   52%  
Net cash provided by operating activities 1 ($B) $ 6.4   $ 4.3   48%   $ 2.8   $ 1.9   52%  
Free cash flow 2 ($B) $ 4.2   $ 3.9   7%   $ 0.9   $ 1.8   (48)%  

Notes

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