HP Inc. (NYSE:HPQ) Q1 2023 Earnings Conference Call February 28, 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 Shannon Cross - Credit Suisse AG Erik Woodring - Morgan Stanley Ananda Baruah - Loop Capital Markets LLC David Vogt - UBS Toni Sacconaghi - Sanford C. Bernstein & Co. Sidney Ho - Deutsche Bank AG James Suva - Citigroup Inc. Operator Good day, ...

Data courtesy of Print my Leg Earnings Announcement FEBRUARY 28, 2023 | Q1 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 January 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- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 31, 2022 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 1-4423 HP Inc. (Exact name of registrant as specified in its charter) Delaware 94-1081436 (State or other jurisdiction of incorporation or ...

HP Inc. (NYSE:HPQ) 6th Annual Wells Fargo TMT Summit December 1, 2022 11:40 AM ET Company Participants Andy Rhodes - General Manager and Global Head of Commercial Systems Conference Call Participants Aaron Rakers - Wells Fargo Aaron Rakers All right. So why don't we get started here. I'm Aaron Rakers. I'm the hardware analyst here at Wells Fargo. I'm pleased to host a discussion with Andy Rhodes, the General Manager of the peripherals business with the HPQ. So Andy, first of all, thanks for joining us. Mayb ...

HP Inc. (NYSE:HPQ) Credit Suisse 26th Annual Technology Conference November 30, 2022 10:15 AM ET Company Participants Marie Myers - Chief Financial Officer Conference Call Participants Shannon Cross - Credit Suisse Shannon Cross Okay, everyone. Thank you for joining us. My name is Shannon Cross, and I'm the IT Hardware analyst, here at Credit Suisse. And I'm now joined by the CFO of HP, Marie Myers. Prior to getting started and in preparation for my future IR career, HP has asked me to read the following. T ...

HP Inc. (NYSE:HPQ) Q4 2022 Earnings Conference Call November 22, 2022 5:00 PM ET Company Participants Orit Keinan-Nahon - Head, Investor Relations Enrique Lores - President & Chief Executive Officer Marie Myers - Chief Financial Officer Conference Call Participants Amit Daryanani - Evercore ISI Shannon Cross - Credit Suisse Toni Sacconaghi - Sanford C. Bernstein Aaron Rakers - Wells Fargo Erik Woodring - Morgan Stanley Ruplu Bhattacharya - Bank of America Krish Sankar - Cowen and Company Operator Good d ...

Financial Data and Key Metrics Changes - The company experienced a change in the macro environment during Q3, with weakness observed on the consumer side, particularly in Europe and North America, influenced by inflation and rising energy prices [5][8] - Despite macro changes, the company was able to deliver on EPS goals, indicating strong financial discipline and cost management [7][8] - The company expects to exceed its commitment to return $16 billion to investors by the end of 2022, through a combination of dividends and share buybacks [26] Business Line Data and Key Metrics Changes - The PC market size is now expected to be around 300 million units, significantly lower than earlier expectations, with the consumer segment being the most affected [13][14] - The commercial side remains strong, with enterprises actively investing in office equipment, although there is a noted caution in spending [15][16] - In the print segment, profitability improved due to strategic changes made three years ago, focusing on rebalancing profitability between hardware and supplies [18][20] Market Data and Key Metrics Changes - The economic slowdown has had a more pronounced impact in Europe and North America, while Asia continues to perform well [14] - The company noted that the low-priced categories in the PC market are more affected than premium categories, driven by inflation and energy price increases [14] - The print segment has seen a significant increase in the adoption of subscription models, with over 11 million subscribers to the HP Instant Ink program [22][23] Company Strategy and Development Direction - The company aims to protect businesses impacted by the economic slowdown while focusing on growth opportunities in identified growth businesses expected to generate over $10 billion in revenue [11] - The strategy includes modernizing core businesses and expanding into adjacent markets, such as gaming and industrial printing [63] - The company emphasizes a rational pricing strategy, focusing on profitability rather than market share for the sake of growth [36][60] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current economic environment as temporary and emphasizes the importance of balancing cost management with growth opportunities [41][55] - The company expects the structural changes in the PC market, such as hybrid work, to sustain demand for PCs in the long term [43][44] - Management is cautious about predicting the impact of China's economic situation on future market conditions, indicating that guidance for 2023 will be provided in Q4 [51] Other Important Information - The company has successfully introduced models that require only HP supplies, significantly increasing profitability in the print segment [19][20] - The capital allocation strategy remains focused on maintaining investment-grade status while returning 100% of free cash flow to investors [25][26] Q&A Session Summary Question: How are competitors reacting to pricing pressures in the PC market? - The company noted that while some areas still face component shortages, pricing pressure has increased in consumer PCs and low-end commercial segments due to high inventories [28][29] Question: What is the pace of improvement in the supply chain? - The supply chain situation is improving, with expectations to resolve current shortages by Q4 or early Q1 [30][31] Question: How do structural changes in the PC market affect future demand? - Management believes that structural changes, such as hybrid work, will sustain demand for PCs, leading to a larger market than pre-pandemic levels [43][44] Question: What is the company's pricing strategy in the PC market? - The company focuses on profitability rather than chasing market share, selectively targeting segments with higher opportunities [59][60] Question: What are the long-term growth opportunities for the company? - The company is expanding into adjacencies and modernizing its core businesses, with significant growth expected in areas like 3D printing and managed services [63]