HP unveils 2019 financial forecast
October 4, 2018
Today at HP’s 2018 Securities Analyst Meeting, the company provided details on its strategy and opportunities for long-term growth, along with its financial outlook for fiscal 2019.
“We continue to deliver strong growth in earnings and cash flow, while taking profitable share with breakthrough innovation and operational excellence,” said Dion Weisler, President and Chief Executive Officer, HP Inc. “I’m enormously proud of what we have accomplished in the last twelve months. We continued to showcase our ability to reinvent the core, make progress against our growth initiatives, and lay the foundation for our future.”
Based on the current environment, HP anticipates generating free cash flow of at least $3.7 billion (€3.2 billion) for fiscal 2019. 
Long-term HP expects to return 50 percent – 75 percent of annual free cash flow to shareholders. In fiscal 2019, the company indicated that it expects to return approximately 75 percent of free cash flow, with a 15 percent increase in the planned quarterly dividend amount, and the balance returned to shareholders through share repurchases.
“FY18 has been a strong year for HP,” said Steve Fieler, Chief Financial Officer. “In FY19 we will continue to execute against our core, growth and future strategy, driving productivity improvements and investing for the future to maximise shareholder value over the long term.”
Categories : City News
Tags : 2019 Financial HP Productivity
