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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