Data courtesy of Print my Leg Earnings Announcement November 21, 2023 | Q4 FY23 Forward-looking Statements ...

Use these links to rapidly review the document Table of Contents Part I. Financial Information UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-442 ...

HP Inc. (NYSE:HPQ) Q3 2023 Earnings Call Transcript August 29, 2023 5:30 PM ET Company Participants Orit Keinan-Nahon - Head of IR Enrique Lores - President and CEO Marie Myers - CFO Conference Call Participants Amit Daryanani - Evercore ISI Shannon Cross - Credit Suisse Toni Sacconaghi - Bernstein Samik Chatterjee - JPMorgan Erik Woodring - Morgan Stanley Sidney Ho - Deutsche Bank David Vogt - UBS Asiya Merchant - Citigroup Operator Good day, everyone, and welcome to the Third Quarter 2023 HP Inc. Earnings ...

Data courtesy of Print my Leg Earnings Announcement August 29, 2023 | Q3 FY23 Forward-looking Statements ...

HP Inc. (NYSE:HPQ) Bank of America 2023 Global Technology Conference June 7, 2023 11:40 AM ET Company Participants Marie Myers - Chief Financial Officer Conference Call Participants Wamsi Mohan - IT Hardware for BofA Wamsi Mohan The BofA Global Technology Conference, delighted to have you all here. Thank you all for joining us here. I’m Wamsi Mohan, IT Hardware for BofA. It's my honor to welcome Marie Myers, CFO of HP Inc. And Marie has been in this role for a few years now and has seen the most interesting ...

Summary of HP Inc. Conference Call Company Overview - **Company**: HP Inc. (NYSE: HPQ) - **Event**: Bernstein's 39th Annual Strategic Decisions Conference 2023 - **Date**: June 1, 2023 - **Participants**: Enrique Lores (President and CEO), Toni Sacconaghi (Bernstein IT Hardware Analyst) Key Points Demand Environment - **Current Demand**: Both consumer and commercial demand remain soft, but no further deterioration has been observed, indicating stabilization [5][8] - **Commercial Printing**: The office side of commercial printing showed stronger market performance than expected, positively impacting hardware and supplies [5] - **Channel Inventory**: Significant reduction in channel inventory during the quarter, suggesting stronger end-user demand than shipments [6][40] Financial Guidance - **Earnings Guidance**: HP upheld its guidance for EPS and free cash flow for the year despite lighter-than-expected revenues [4] - **Long-term Growth Projections**: HP aims for low single-digit revenue growth (2% to 4%), with operating profit and EPS expected to grow faster [19] Component Pricing - **Component Environment**: Favorable component pricing led to strategic pre-buys, expected to continue through Q3, with stabilization anticipated in Q4 [12][17] - **Strategic Buys**: Focus on major components like microprocessors and memory, although specific details were not disclosed [13][16] PC Market Insights - **PC Market Recovery**: HP expects the PC market to return to growth by 2024-2025, driven by an aging installed base and increased usage [25][26] - **Normalized Unit Growth**: While specific growth rates have not been shared, HP anticipates a return to pre-pandemic levels of growth [28] Printing Business Dynamics - **Impact of Pandemic**: The office printing market is projected to be 80% of previous expectations, while home printing remains above pre-pandemic levels [66] - **Profitability**: Operating profit margins in printing have exceeded targets due to elevated prices and improved mix, with a goal to maintain margins between 16% to 18% [72][76] Poly Integration - **Poly Contribution**: Poly is contributing positively to HP's PC business, with expectations for growth driven by hybrid work trends [55][56] - **Market Opportunities**: Significant opportunities exist in videoconferencing and personal remote connectivity, particularly in commercial sectors [61][62] Challenges and Opportunities - **Market Share Dynamics**: HP anticipates regaining market share as component availability normalizes, with a focus on profitable growth rather than share for its own sake [47][51] - **Aftermarket Supplies**: HP has successfully gained share in the supplies aftermarket, particularly in toner, through protective measures and technology advancements [94] Future Outlook - **Growth in Graphics and A3**: HP sees long-term growth opportunities in graphics, particularly in packaging, and aims to increase share in A3 printers despite a shift towards A4 due to changing office dynamics [96][98] Additional Insights - **Consumer Behavior**: Subscription models have shown to increase printing frequency among consumers, indicating a positive trend for HP's subscription services [87] - **Market Adjustments**: The company is adapting to changes in consumer and commercial printing needs, focusing on profitability and service expansion [89][90]

Data courtesy of Print my Leg Earnings Announcement MAY 30, 2023 | Q2 FY23 Forward-looking Statements ...

HP Inc. (NYSE:HPQ) Q2 2023 Earnings Conference Call May 30, 2023 5:00 PM ET Company Participants Orit Keinan-Nahon - Head of Investor Relations Enrique Lores - President and Chief Executive Officer Marie Myers - Chief Financial Officer Conference Call Participants Erik Woodring - Morgan Stanley Samik Chatterjee - JPMorgan Toni Sacconaghi - Bernstein Shannon Cross - Credit Suisse Michael Ng - Goldman Sachs Wamsi Mohan - Bank of America Amit Daryanani - Evercore Robert Mertens - Cowen David Vogt - UBS Operato ...

Use these links to rapidly review the document Table of Contents Part I. Financial Information UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-44 ...

Summary of HP Inc. Conference Call Company Overview - **Company**: HP Inc. (NYSE: HPQ) - **Event**: Morgan Stanley Technology, Media & Telecom Conference - **Date**: March 6, 2023 - **Participants**: Enrique Lores (President and CEO), Eric Woodring (Morgan Stanley Analyst) Key Points Demand Landscape - **Consumer Demand**: Weak demand continues in the consumer segment, a trend that started mid-last year and persists into 2023 [5] - **Enterprise Demand**: Notable weakening in enterprise demand due to corporations adopting a more conservative approach to budgeting and hiring [5][8] - **Inventory Situation**: High inventory levels in the PC industry have been reduced, expected to continue for at least another quarter, impacting unit sales [6] Macro and Micro Environment - **Macro Concerns**: Corporations are cautious about the economic environment, leading to conservative budget management [8] - **Micro Opportunities**: Hybrid work is becoming prevalent, presenting medium to long-term growth opportunities for HP as companies invest in home and office equipment [9] PC Market Insights - **Market Guidance**: HP expects PC market units to decline in the high teens for fiscal 2023, with no recovery anticipated this year due to ongoing uncertainty [10][11] - **Channel Inventory**: Elevated channel inventory is affecting both consumer and commercial segments, but sell-through to real customers is stronger than sell-in [12] - **Second Half Outlook**: Anticipation of stronger performance in the second half of the year due to channel inventory correction and seasonal trends [16] Long-term Market Potential - **PC Total Addressable Market (TAM)**: Factors such as demographics, hybrid work, and an increased installed base suggest that the post-COVID PC TAM could be larger than pre-COVID levels [20][21] - **Average Selling Prices (ASPs)**: ASPs are expected to remain higher than pre-COVID levels due to richer configurations and increased demand for better specifications [24][25] Printing Business - **Market Resilience**: The printing market has shown more stability compared to PCs, with specific segments like graphics continuing to grow [32] - **Business Model Transition**: HP is shifting from transactional supplies to subscription models (HP Plus, Instant Ink), with 56% of print shipments now in these categories [34][36] - **Operating Margins**: Print operating margins remain strong, above the long-term guidance of 16% to 18%, driven by changes in business model and cost structure improvements [42][43] Future Ready Initiative - **Cost Savings**: HP is focusing on simplifying its portfolio, enhancing digital transformation, and improving operational efficiency to drive cost savings [45][46][47] - **Investment in Growth**: Savings will be reinvested in growth areas, particularly in hybrid systems and solutions/services [48] Free Cash Flow Guidance - **Fiscal 2023 Guidance**: HP reiterated its free cash flow guidance of $3 billion to $3.5 billion, with expectations for stronger performance in the second half of the year [50] Company Valuation - **Undervalued Shares**: HP believes its shares are undervalued, with a history of growing revenue, operating profit, and free cash flow [52][54] - **Investor-Friendly Approach**: HP has a track record of returning 100% of free cash flow to investors and maintaining a healthy leverage ratio [54] Additional Insights - **Poly Acquisition**: Integration of Poly is progressing well, with positive market reactions and long-term growth potential in video conferencing [27][28] - **Hybrid Work Trends**: The shift towards hybrid work is expected to drive demand for better communication tools and devices [20][21] This summary encapsulates the key insights and strategic outlook for HP Inc. as discussed during the conference call.