Hp Inc Stock Price, News & Analysis

HP Inc. (NYSE: HPQ) launched its new HP ScanJet Pro and Enterprise devices on May 2, 2022, featuring advanced workflow scanner software designed for modern workplace needs. The series includes models like the HP ScanJet Pro 2600 f1, Pro 3600 f1, N4600 fnw1, and Enterprise Flow N6600 fnw1, supporting up to 8,000 pages daily. Key improvements include intelligent document capture, enhanced security, and streamlined workflows aimed at boosting productivity in collaborative office environments. The devices are currently available globally.

HP Inc. and Legor Group SPA have entered a strategic partnership to develop innovative precious metal materials for HP’s Metal Jet system, targeting the jewelry and fashion markets. This collaboration aims to enhance the production of functional stainless steel accessories and optimize bronze, silver, and gold powder materials. The initiative promotes sustainable manufacturing practices while offering speed and economic advantages in producing high-quality 3D-printed metal parts. HP plans to showcase this technology at upcoming global industry events.

HP Inc. (NYSE: HPQ) has announced the pricing of a public offering of $2.0 billion in senior unsecured notes. This includes $1.0 billion of 4.000% notes due 2029 and $1.0 billion of 4.200% notes due 2032, priced at 99.767% and 99.966% of their principal amounts, respectively. Proceeds will be used for general corporate purposes, including debt repayment, acquisitions, and share repurchases, with the offering expected to close on March 31, 2022. The transaction is managed by several renowned financial institutions and is registered with the SEC.

HP Inc. (HPQ) has announced a definitive agreement to acquire Poly (POLY) for $3.3 billion in an all-cash transaction, enhancing its portfolio of hybrid work solutions. The acquisition is driven by the increasing demand for workplace collaboration technologies, particularly as hybrid work becomes prevalent. HP aims to achieve $500 million in revenue synergies by FY25 and expects immediate accretion to revenue growth and margins. The transaction is set to close by the end of 2022, pending stockholder approval and regulatory clearances.

HP and Hershey celebrate International Women’s Day by unveiling a new film and continuing their #HerShe campaign. Now in its third year, the campaign utilizes HP Indigo's digital printing technology to highlight female talent through limited edition Milk Chocolate Bars. This year's initiative includes QR codes that link consumers to stories celebrating women’s contributions. The campaign aims to promote gender equality and has successfully reached nearly 2 billion social media impressions in Brazil. HP Indigo's printing technology is key to engaging audiences and enhancing brand storytelling.

HP (NYSE: HPQ) reported a strong first quarter for fiscal 2022, with GAAP diluted net EPS of $0.99, surpassing the outlook of $0.92 to $0.98. The company achieved net revenue of $17.0 billion, an 8.8% increase year-over-year. Operating cash flow was reported at $1.7 billion, with free cash flow of $1.4 billion. HP returned $1.8 billion to shareholders through share repurchases and dividends. Looking ahead, HP updated its fiscal 2022 EPS guidance to a range of $3.87 to $4.07, with free cash flow expectations of at least $4.5 billion.

HP Inc. has launched the HP LaserJet Tank MFP 2600s, aimed at small business owners seeking cost-effective printing solutions. The device features a mess-free toner refill system that fills in 15 seconds and prints up to 5000 pages before needing a reload. It offers low cost per page and includes a durable imaging drum with a 50,000-page lifespan. The product is designed for high-volume printing, featuring automatic duplex printing and a 40-sheet auto document feeder. It is also Energy Star certified, indicating a commitment to sustainability.