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Last $44.59 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

lexmark international inc-a (LXK) Key Developments

Lexmark International Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of and Full Year of 2015

Lexmark International Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of USD 852.0 million compared to USD 877.7 million a year ago. Operating income was USD 42.2 million compared to USD 53.9 million a year ago. Earnings before income taxes were USD 33.7 million compared to USD 45.3 million a year ago. Net earnings were USD 19.7 million compared to USD 29.3 million a year ago. Diluted earnings per share were USD 0.32 compared to USD 0.46 a year ago. Non-GAAP net earnings were USD 51 million compared to USD 58 million a year ago. EBITDA was USD 107 million compared to USD 119 million a year ago. Adjusted EBITDA was USD 123 million compared to USD 137 million a year ago. Non-GAAP earnings per share were USD 0.81 compared to USD 0.92 a year ago. In the first quarter of 2015, free cash flow was USD 47 million compared with USD 34 million in the first quarter of 2014. The company provided earnings guidance for the second quarter of and full year of 2015. For the quarter, the company expects GAAP earnings per share in the range of USD 0.07 per share to USD 0.17 per share. Non-GAAP earnings per share of USD 0.75 to USD 0.85. For the second quarter, outlook is for revenue to be down 2% to 4% year-to-year or up 4% to 6% at constant currency. The company expects core revenue to be about flat for the second quarter or grow 7% to 9% at constant currency. For the second quarter, the company expects gross profit margin as a percent of revenue to be down year-to-year. Operating income as a percent of revenue is expected to be down year-to-year. The outlook reflects a static non-GAAP tax rate of 30%. This rate is down 0.6% year-over-year. For the year, the company expected GAAP earnings per share in the range of USD 1.42 per share to USD 1.62 per share. Non-GAAP earnings per share of USD 3.60 to USD 3.80. The company's calendar year 2015 outlook for free cash flow remains at 90% to 100% of non-GAAP net income. For the full year, the company expects to deliver free cash flow within targeted range of 90% to 100% of non-GAAP net income. This outlook reflects newly adopted static non-GAAP tax rate of 30%. For calendar year 2015, free cash flow is expected to be 90% to 100% of non-GAAP net income.

Lexmark International Inc. Declares Quarterly Dividend on Class A Common Stock, Payable on June 12, 2015

Lexmark International Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.36 per share of Lexmark Class A Common Stock. The dividend is payable on June 12, 2015, to shareholders of record as of the close of business on May 29, 2015.

Lexmark Introduces OpenAperture Cloud Application Management Platform

Lexmark announced its hybrid cloud management platform, OpenAperture, this morning at Inspire 2015, the company’s annual enterprise software conference underway in Washington D.C. Supporting the Perceptive Evolution platform, OpenAperture will deliver all Lexmark enterprise software components to customers quickly and consistently, regardless of location or workload. Global Reach. OpenAperture equips applications to automatically and immediately distribute components across the globe. This allows customers to interact with an application from the closest data center, reducing response times for customers in any geographic location. Rapid Software Release Cadence. By enabling modern techniques such as continuous integration and continuous delivery, OpenAperture empowers development teams to deliver working software at the pace of customer demand. Streamlined Operations and Security. OpenAperture provides a comprehensive management system to handle the six pillars of cloud management – provisioning, deployment, monitoring, maintenance, security and metering.

Jadu Announces Strategic Technology Partnership with Lexmark

Jadu announced a strategic technology partnership with Lexmark to provide its Perceptive Content customers with an integrated web portal and digital web forms solution that delivers authenticated, personalized web experiences for customers of organizations that rely on Perceptive Content ECM tools. The new platform, Perceptive Content Portal, is based on the Jadu CMS Web Content Management suite developed by global web content management vendor Jadu. Perceptive Content Portal provides secure access to content stored in Lexmark enterprise software products over the Internet, as well as the ability to capture new content to drive business processes through workflow. Adding Jadu's suite of web content management, e-forms and personalization tools enhances the capabilities of both companies to offer their customers a complete suite to help organize and publish information, and deliver real-time personalized content such as scanned documents, completed forms, images, videos and more.

Lexmark Appoints Metra as a Value Added Distributor in Middle East Region, Saudi Arabia and Egypt

Lexmark announced that it has appointed Metra as its newest value added distributor (VAD) in the Middle East region, Saudi Arabia and Egypt. Demand for Lexmark's multifunction printers and services has been a catalyst to the appointment of Metra as a VAD, the company reported. Both companies, in tandem, will allow resellers to help organizations capitalise on unlocking the potential of unstructured data, the company reported.

 

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