Hp Inc Stock Price, News & Analysis

HP Inc. has received notable recognition for its commitment to sustainability, earning seven Good Green Design Awards for its sustainable PC portfolio. The company’s focus on using recycled materials in product design aligns with increasing consumer demand for eco-friendly solutions, as 76% of people prioritize environmental issues. Additionally, HP excelled in the prestigious iF DESIGN 2021 Awards, ranking first in several categories, including North America and the Computer Category. Key products acknowledged include the HP Spectre x360 14 and HP Elite Folio.

HP Inc. received 32 design accolades in the Red Dot Award: Product Design 2021, including the prestigious Red Dot: Best of the Best for its HP Reverb G2 Omnicept Edition VR Headset. As remote work continues due to COVID-19, HP emphasizes the importance of design quality in personal systems. The awards recognize HP's commitment to sustainable and innovative product designs across laptops, displays, and accessories, catering to various sectors such as education, gaming, and retail.

HP's Molded Fiber Advanced Tooling Solution has garnered validation from Innofibre, showcasing its productivity and efficiency advantages over traditional tooling methods. The solution is being adopted by various partners and customers like Eco Pulp and Vernacare, emphasizing its potential in new packaging designs. Key features include improved fiber retention, significant cost reductions, and faster prototyping. HP aims to lead the transition from single-use plastics to sustainable packaging, aligning with customer demands and environmental goals.

HP Inc. is partnering with SOLIZE Corporation to develop 3D-printed replacement parts for Nissan's NISMO Heritage Parts program. This collaboration marks the first instance of on-demand production of discontinued automotive parts, starting with a plastic harness protector for the R32 Nissan Skyline GT-R. Utilizing HP's Multi Jet Fusion technology, they aim for cost-effective, sustainable production that meets market demand while minimizing waste.

The initiative underscores a commitment to sustainable manufacturing as Nissan expands its heritage parts offerings.

HP Inc. (NYSE: HPQ) will participate in the Morgan Stanley TMT Investor Conference virtually on March 3, 2021. CEO Enrique Lores is scheduled for a fireside chat from 8:45 a.m. to 9:15 a.m. PT (11:45 a.m. to 12:15 p.m. ET). Investors and interested parties can access a live webcast and replay on the HP website under the 'Events' section. HP Inc. is committed to creating technology that enhances life through its personal systems, printers, and 3D printing solutions.

HP Inc. reported a strong fiscal 2021 first quarter, with GAAP diluted net earnings per share (EPS) of $0.83, surpassing the expected range of $0.58 to $0.64. Non-GAAP diluted EPS reached $0.92, above the forecast of $0.64 to $0.70. Net revenue hit $15.6 billion, reflecting a 7% year-over-year increase. The company returned $1.6 billion to shareholders through buybacks and dividends. Looking ahead, HP projects second quarter GAAP EPS between $0.82 to $0.88 and non-GAAP EPS from $0.84 to $0.90.

HP Inc. has entered a definitive agreement to acquire HyperX, Kingston Technology's gaming division, for $425 million. This acquisition aims to bolster HP's growth in the lucrative gaming peripherals market, expected to reach $12.2 billion by 2024. HyperX's portfolio includes top-tier gaming headsets, keyboards, and accessories. The deal, anticipated to close in Q2 2021, positions HP strategically to enhance its gaming ecosystem and further innovate in the Personal Systems sector.

HP Inc. has appointed Marie Myers as its new Chief Financial Officer, effective immediately. Myers has been acting CFO and Chief Transformation Officer since October 2020 and brings over 20 years of experience with HP. She has played a key role in enhancing the company's digital capabilities and reducing operating costs. President and CEO Enrique Lores praised her proven track record and operational discipline. Myers previously served as HP's Global Controller and was involved in the complex separation of Hewlett-Packard Company in 2015.