HP Inc. Reports Fiscal 2021 First Quarter Results


HP INC. AND SUBSIDIARIES
ADJUSTMENTS TO GAAP NET EARNINGS, EARNINGS FROM OPERATIONS,
OPERATING MARGIN AND DILUTED NET EARNINGS PER SHARE
(Unaudited)
(In millions, except per share amounts)


  Three months ended
  January 31, 2021  October 31, 2020  January 31, 2020
  Amounts  Diluted
net earnings
per share
  Amounts  Diluted
net earnings
per share
  Amounts  Diluted
net earnings
per share
GAAP net earnings$1,068  $0.83  $668  $0.49  $678  $0.46 
Non-GAAP adjustments:           
Restructuring and other charges121  0.10  31  0.02  291  0.20 
Acquisition-related charges6    2       
Amortization of intangible assets29     0.02     29     0.02     26     0.02  
Non-operating retirement-related credits  (38)     (0.03)     (57)     (0.04)     (57)     (0.04)  
Defined benefit plan settlement charges         214     0.16          
Tax adjustments (a) 2         (52)     (0.03)     18     0.01  
Non-GAAP net earnings $ 1,188     $ 0.92     $ 835     $ 0.62     $ 956     $ 0.65  
                       
GAAP earnings from operations $ 1,321         $ 992         $ 865      
Non-GAAP adjustments:                      
Restructuring and other charges 121         31         291      
Acquisition-related charges 6         2              
Amortization of intangible assets 29         29         26      
Non-GAAP earnings from operations  $ 1,477         $ 1,054         $ 1,182      
                       
GAAP operating margin 8.4%       6.5%       5.9%    
Non-GAAP adjustments 1.0%       0.4%       2.2%    
Non-GAAP operating margin 9.4%       6.9%       8.1%    

(a)      Includes tax impact on non-GAAP adjustments.    

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »



Review Article Be the first to review this article
RELATED NEWS
Latest Blog Posts
    Administrator ShareCG.com registration is locked (again)
    May 20th, 2022 by Administrator
    Even though we found a way to filter a lot of the fake registration, there are too many fake account created yesterday. Next week we will going to change to more strict restriction, and add new one. Of course, it will make the registration …
    Susan Smith HP Announces HP Z240 Tower and Z240 SFF Workstations
    October 2nd, 2015 by Susan Smith
    Jeff Wood - vice president, WW Product Management,  Workstation and Thin Client Business HP and Josh Peterson- director, WW Product Management,  Workstation and Thin Client Business , HP met with the press in a virtual press briefing prior to the …



© 2022 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise