Hp inc. reports fiscal 2023 full year and fourth quarter results

Palo alto, calif., nov. 21, 2023 (globe newswire) -- hp (nyse: hpq) fiscal 2023 gaap diluted net earnings per share ("eps") of $3.26, above the previously provided outlook of $2.95 to $3.07 per share fiscal 2023 non-gaap diluted net eps of $3.28, within the previously provided outlook of $3.23 to $3.35 per share fiscal 2023 net revenue of $53.7 billion, down 14.6% from the prior-year period fiscal 2023 net cash provided by operating activities of $3.6 billion, free cash flow of $3.1 billion fiscal 2023 returned $1.1 billion to shareholders in the form of dividends and share repurchases fiscal 2023 retired $1.6 billion in long term debt fourth quarter gaap diluted net eps was $0.97, above the previously provided outlook of $0.65 to $0.77 per share fourth quarter non-gaap diluted net eps of $0.90, within the previously provided outlook of $0.85 to $0.97 per share fourth quarter net revenue of $13.8 billion, down 6.5% from the prior-year period fourth quarter net cash provided by operating activities of $2.0 billion, free cash flow of $1.9 billion fourth quarter returned $0.3 billion to shareholders in the form of dividends hp inc.'s fiscal 2023 full-year and fourth quarter financial performance   fy23   fy22   y/y   q4 fy23   q4 fy22   y/y gaap net revenue ($b) $ 53.7     $ 62.9     (14.6)%   $ 13.8     $ 14.8     (6.5)% gaap operating margin   6.4 %     7.2 %   (0.8) pts     7.3 %     5.0 %   2.3 pts gaap net earnings ($b) $ 3.3     $ 3.1     4%   $ 1.0     $ —     nm gaap diluted net eps $ 3.26     $ 2.98     9%   $ 0.97     $ (0.02 )   nm non-gaap operating margin   8.5 %     8.5 %   0.0 pts     9.0 %     7.6 %   1.4 pts non-gaap net earnings ($b) $ 3.3     $ 4.2     (22)%   $ 0.9     $ 0.8     8% non-gaap diluted net eps $ 3.28     $ 3.98     (18)%   $ 0.90     $ 0.82     10% net cash provided by operating activities ($b) $ 3.6     $ 4.5     (20)%   $ 2.0     $ 1.9     4% free cash flow ($b) $ 3.1     $ 3.9     (20)%   $ 1.9     $ 1.8     3% notes information about hp inc.'s use of non-gaap financial information is provided under "use of non-gaap financial information" below.
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