Lexmark Quarterly Business Roundup
- A review of significant news over the past quarter
LEXINGTON, Ky., March 4, 2013
LEXINGTON, Ky., March 4, 2013 /PRNewswire/ --
Lexmark's fourth quarter 2012 financial results were highlighted by revenue
that exceeded expectation, solid cash flow generation, and ongoing growth in
Perceptive Software and managed print services (MPS) revenue. The company also
broadened its solutions portfolio through its sixth acquisition since 2010,
this time with Acuo Technologies.
oLexmark announced financial results for the full year and fourth quarter
of 2012. To access the earnings news release, click here, and for the
earnings presentation, click here.
oLexmark acquired Acuo Technologies, a recognized leader in
high-performance medical software and services for clinical content
management, data migration and vendor neutral archives (VNA).
oLexmark's Board of Directors declared a quarterly cash dividend of $0.30
per share of Lexmark Class A Common Stock. The dividend is payable on
March 15, 2013, to shareholders of record as of the close of business on
March 4, 2013.
oLexmark priced a registered public debt offering of $400 million in
aggregate principal amount of its 5.125 percent Senior Notes due 2020. The
seven-year unsecured senior notes will have an effective yield to maturity
of 5.125 percent and will mature March 15, 2020. The offering is subject
to customary closing conditions and is expected to close on March 4, 2013.
oLexmark announced that it will redeem for cash all of its outstanding
5.900 percent Senior Notes due 2013 on March 31, 2013, at a redemption
price equal to the sum of 100 percent of the principal amount outstanding,
a make-whole premium, which will be calculated three business days prior
to the redemption date in accordance with the Indenture, and accrued and
unpaid interest on the principal amount being redeemed to, but not
including, the redemption date.
Customer News and Company Recognition
Lexmark's Perceptive Software has expanded its healthcare sector presence and
expertise, which is evident in the acquisition of Acuo Technologies, the U.S.
Department of Defense's selection of Acuo's Universal Clinical Platform (UCP),
and Perceptive Software's ranking as the top healthcare Document Management
and Imaging (DMI) software product by a leading industry research firm.
oPerceptive Software announced a local partnership with Kansas City-based
Saint Luke's Health System, which will expand its investment in Perceptive
Software solutions to multiple departments throughout the system of
hospitals and clinics. Saint Luke's Health System will integrate
Perceptive Software process and content management products with the
organization's Epic® Electronic Medical Record system.
oAcuo Technologies announced that the Defense Logistics Agency of the U.S.
Department of Defense has selected the Acuo UCP as a new VNA solution for
enterprise patient imaging logistics. UCP will consolidate imaging studies
from 39 U.S. Army picture archiving and communication system sites and 23
U.S. Navy PACS sites located at military healthcare facilities throughout
oPerceptive Software has been ranked the top healthcare DMI software
product, according to the 2012 Best in KLAS Awards: Software & Services
report, an independent ranking based on customer feedback on top
healthcare information technology vendors.
oLexmark signed a five-year MPS agreement with Anheuser-Busch InBev that
extends its services into Europe to drive improved productivity and cost
savings for the leading global brewer.
oPerceptive Software announced that DDC Freight Process Outsourcing, a
leader in offshore business process outsourcing services, has selected
Perceptive Intelligent Capture for Bills of Lading processing automation.
oLexmark was named a winner in the 2013 Manufacturing Leadership 100
Awards, which honors the top manufacturing executives and organizations
for their achievements. Lexmark was recognized as a leader in three
categories this year: Innovative Enterprise, Operational Excellence and
oLexmark International Philippines, Inc. (LIPI) has received a prestigious
energy award from the Philippine Department of Energy. LIPI was awarded
the Don Emilio Abello Energy Efficiency Award, an industry-based
recognition given to agencies and organizations with outstanding
performance in energy conservation and efficiency in the government,
business and industrial sectors.
Products, Software, Solutions and Services News
Perceptive Software's most recent news in this category included the first
release of search technology since Lexmark's acquisition of ISYS in 2012,
making the technology more connected, more powerful and faster.
Most notably in product recognition, Lexmark earned high marks from Buyers
Laboratory, LLC (BLI), receiving the Monochrome Printer/MFP Line of the Year
award for 2013. This marks the fifth time Lexmark has received Line of the
Year accolades from BLI, recognizing the company's products as high-performing
standouts in the industry.
oPerceptive Software released version 10.2 of Perceptive Search
applications – Enterprise Search and Workgroup Search. Perceptive Search
allows users to find answers wherever they exist—content repositories,
email systems, websites, databases, social media, personal computers and
more—and to access that content quickly on any platform using any device.
oIn December, Perceptive Software announced the availability of Perceptive
Interact for Microsoft Outlook. Interact for Microsoft Outlook allows
users of Perceptive Content to capture and access content and execute
workflow processes through their familiar Outlook interface.
oLexmark has achieved prestigious recognition from BLI for having the top
monochrome printer and multifunction product (MFP) line for 2013. The
award recognizes the manufacturers of the best range of printers, from
small workgroup to departmental, for demonstrated excellence across the
entire product line in BLI lab testing.
oLexmark Distributed Intelligent Capture was honored by BLI with a Winter
2013 Pick award as an outstanding document imaging software solution.
Bestowed twice a year by the editors of BLI, the awards honor the
top-performing solutions evaluated in BLI's lab during the previous six
oBLI also bestowed Pick award recognition to the most outstanding
monochrome models evaluated in the past six months, which included the
Lexmark MX610/MX611 monochrome laser MFP Series among other Lexmark
oLexmark's new color laser printers and MFPs, the Lexmark CS310/410/510
Series and Lexmark CX310/410/510 Series, respectively, have been honored
with 2012 Innovative Product of the Year Awards from Better Buys for
oLexmark's new MS812de monochrome laser printer recently received an
Outstanding rating from Wirth Consulting in rigorous hands-on testing. The
comprehensive test report is available here.
oEPEAT announced its expansion beyond PCs and displays to include printers,
copiers and other imaging equipment. This EPEAT registry currently
includes imaging equipment from seven manufacturers: Canon, Dell, Epson,
HP, Lexmark, Ricoh and Xerox. Lexmark will continue to add more devices to
the registry as they are deemed compliant with EPEAT's environmental
Lexmark's vision and values are defined by its employees and provide a
framework for how the company operates worldwide. In January, Lexmark awarded
its highest employee honor to one employee who goes the extra mile by
exhibiting the company's value of customer commitment, making customer
satisfaction a top priority in her daily work. In addition, Perceptive
Software has furthered Lexmark's corporate citizenship efforts by raising
thousands of dollars for diabetes research through its annual dodge ball
Lexmark's last quarter also included a number of recognition events for
science, technology, engineering and math (STEM) teachers in Kansas and
Kentucky who are working to further this educational area in their classrooms.
oLexmark has selected employee Amanda Plakosh-Angeles, global
sustainability analyst, to receive its Customer For Life Award, the
company's highest employee honor. Each year, Lexmark chooses one employee
worldwide for this distinction who best exemplifies the company's vision
oLexmark honored two recipients of INSPIRE: Lexmark's Teaching Award. The
program recognizes outstanding Central Kentucky area middle and high
school STEM teachers. Lexmark presented each teacher with a $1,000 award
to be used in furthering STEM education in his or her classroom.
oPerceptive Software and the University of Kansas School of Engineering
surprised a teacher at Olathe Northwest High School in Olathe, Kan., with
an Educating Excellence award for $1,500. The Educating Excellence program
was launched in March 2010 to recognize outstanding high school STEM
teachers throughout Kansas and the Kansas City Metro.
oPerceptive Software hosted Dodge for a Cause 8, its annual charity dodge
ball tournament benefitting the Kansas City JDRF chapter. Since its
inception, the tournament has raised more than $120,000 to help find a
cure for type 1 diabetes.
oFull Year and 4Q12 Earnings News Release
oFull Year and 4Q12 Earnings Presentation
oLexmark Smart MFPs Video
oLexmark Distributed Intelligent Capture Video
Lexmark International, Inc. (NYSE: LXK) provides businesses of all sizes with
a broad range of printing and imaging products, software, solutions and
services that help customers to print less and save more. Perceptive Software,
a Lexmark company, is a leading provider of process, intelligent capture and
content management software thathelps organizations fuel greater operational
efficiency. In 2012, Lexmark sold products in more than 170 countries and
reported $3.8 billion in revenue.
To learn more about Lexmark, please visit www.lexmark.com. For more
information on Perceptive Software, please visit www.perceptivesoftware.com.
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