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Last $45.85 USD
Change Today +0.25 / 0.55%
Volume 615.6K
LXK On Other Exchanges
Symbol
Exchange
New York
As of 6:40 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

lexmark international inc-a (LXK) Snapshot

Open
$45.53
Previous Close
$45.60
Day High
$45.93
Day Low
$45.33
52 Week High
08/14/14 - $51.77
52 Week Low
03/13/15 - $37.18
Market Cap
2.8B
Average Volume 10 Days
472.2K
EPS TTM
$2.64
Shares Outstanding
61.3M
EX-Date
05/27/15
P/E TM
17.4x
Dividend
$1.44
Dividend Yield
3.14%
Current Stock Chart for LEXMARK INTERNATIONAL INC-A (LXK)

lexmark international inc-a (LXK) Related Businessweek News

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lexmark international inc-a (LXK) Details

Lexmark International, Inc., together with its subsidiaries, operates as a developer, manufacturer, and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions worldwide. It operates through two segments, Imaging Solutions and Services (ISS), and Perceptive Software. The ISS segment offers a portfolio of monochrome and color laser printers, laser multifunction products, and dot matrix printers, as well as various cartridges, service parts, and other supplies for use in the installed base of laser, inkjet, and dot matrix printers. It also provides maintenance, consulting, and systems integration services, as well as MPS offerings, such as asset lifecycle management, implementation and decommissioning services, consumables management, remote device monitoring and management, and business process optimization services. This segment serves its customers through a network of distributors and resellers comprising IT resellers, direct marketing resellers, and copier dealers, as well as through alliances and original equipment manufacturer arrangements. The Perceptive Software segment provides a suite of enterprise content management, business process management, document output management, intelligent data capture, search software, and medical imaging vendor neutral archive software products and solutions. Its products and solutions enable users to capture, manage, and collaborate on documents, information, and business processes; protect data integrity throughout its lifecycle; and access precise content. This segment offers products and solutions through third-party resellers, as well as through original equipment manufacturer program. The company primarily serves financial services, retail, manufacturing, education, government, and health care industries. Lexmark International, Inc. was founded in 1990 and is headquartered in Lexington, Kentucky.

12,700 Employees
Last Reported Date: 03/2/15
Founded in 1990

lexmark international inc-a (LXK) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $853.3K
Executive Vice President and President of Ima...
Total Annual Compensation: $527.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $401.5K
Vice President of Corporate Finance and Vice ...
Total Annual Compensation: $341.8K
Executive Officer
Total Annual Compensation: $464.5K
Compensation as of Fiscal Year 2014.

lexmark international inc-a (LXK) Key Developments

Lexmark International Inc. Announces Executive Changes

On May 21, 2015, Lexmark International Inc. announced that Mr. Scott T.R. Coons, the company's Vice President and President of Enterprise Software, has decided to retire, effective as of July 31, 2015. Mr. Reynolds C. Bish, CEO of Kofax, will succeed Mr. Coons as President of Lexmark’s Enterprise Software, effective immediately. Mr. Coons will assist in the leadership transition until his Retirement Date. Bish will also be a Lexmark vice president and report directly to Paul Rooke, the company's chairman and chief executive officer. Bish has been active in enterprise software markets for more than 20 years.

Lexmark International Inc. Provides Earnings Guidance for the Year 2015

Lexmark International Inc. provided earnings guidance for the year 2015. For the year, total revenue is expected to decline 3% to 5% year-to-year driven by a 6% currency headwind. Year-to-year gross margin is expected to be flat to down and operating expenses are expected to decrease. Earnings per share are expected to be $3.70 at guidance range midpoint and cash generation is expected to be 90% to 100% of net income.

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.

 

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