Business

HP shares rise seven percent following strong Q1 2021 revenue results

HP Inc’s(HPQ) latest financial results have revealed that the firm performed better than expected during the first quarter of 2021, causing its shares to rise by seven percent shortly after publishing the figures.

During Q1, HP generated $15.6 billion in revenue, a seven percent increase on the $14.6 billion reported in Q1 2020. As a result, the firm has revised its EPS outlook upwards from $0.58-$0.64 to $0.83 per share, and investors responded positively with HP’s shares rising seven percent from $27.45 to $29.44 shortly after the announcement.

In an earnings call with analysts and investors, Enrique Lores, President and CEO of HP, said: “It was an exceptional start to the year with strong revenue, profit, and EPS growth. The strength of our portfolio and diversity of our business is driving our performance and positioning HP well for the future. Simply put, we are doing what we said we would do – and our strategy is working.”

HP的Jet Fusion 5210专为大量生产而设计。通过Weerg图像。
HP’s Jet Fusion 5210 is designed for high volume production. Image via Weerg.

惠普的第一季度2021财务业绩

HP’s revenue is reported under two main divisions: Personal Systems and Printing. Personal systems comprises revenue earned from the company’s Notebooks, Desktops, and Workstations divisions, while its Printing segment includes revenue gained from its Supplies, Consumer Hardware, and Commercial Hardware divisions.

Making up the majority of HP’s revenue during Q1 2021 at $10.6 billion, the Personal Systems segment saw a seven percent increase in revenue over Q1 2020, when it posted $9.9 billion. The firm’s notebooks performed best within the segment, reporting $7.4 billion in revenue, a 23 percent increase on the $6 billion raised in Q4 2019.

惠普的印刷部门还显示百分之十七increase in revenue during the period, rising from $4.7 billion in Q1 2020 to $5 billion. This represents a significant sequential recovery in revenue on the下降3%在2020年第四季度和20 percent drop in Q3.

净收入 Q1 2021 Q1 2020 % Change
Notebooks $ 74亿美元 $6bn 23%
桌面 $2.4bn $2.9bn -18%
工作站 $ 40亿美元 $0.6bn -36%
Other $ 55亿美元 $ 40亿美元 13%
Personal Systems $ 106亿美元 $9.9bn 7%
补给品 $3.1bn 30亿美元 3%
Commercial $ 1亿美元 11亿美元 -11%
Consumer $0.9bn $6bn 55%
Printing $5bn $4.7bn 7%

惠普在第一季度2021年期间的3D打印活动

Although HP doesn’t specifically report on its 3D printing financials, Lores did dedicate some time on the earnings call to discuss the firm’s graphics and additive manufacturing businesses.

“我们一直专注于执行我们的战略,以通过优化我们的核心并扩展到有吸引力的邻接,并用我们的技术破坏行业,以在3D,工业印刷和微富集学,微流体学,,并使用我们的技术来创建新业务,以推动我们在个人系统中的领导和印刷领域的领导地位。并改变我们的工作方式,以更具数字化和成本效益。”他说。

“In 3D printing and industrial graphics, we continue to innovate across the portfolio to position ourselves for future growth. Our customers continue to use Multi Jet Fusion for production-grade output and we are seeing more than 30 percent growth in the number of 3d printed parts across our customer base.

在2020年第四季度,惠普的3D打印收入得到了增强sale of a HP Multi Jet Fusion(MJF) 5210 to the3dprintukservice bureau, alongside revealing its new通用构建经理与软件公司合作Dyndriteand the development of new materials for its MJF 3D printing technology with specialty chemicals companyEvonik.

Lores还指出,在本季度,HP的新模制纤维业务中存在“强烈的早期牵引力”,该公司利用该公司的3D打印技术为快速定制和环境可持续的包装创建端到端服务。

他总结说:“我们为这些领域的破坏性潜力感到兴奋,在这些部门中,我们的创新技术在个性化和数字制造业中开辟了全新的可能性。”

HP’s outlook for fiscal 2021

作为其为期三年的成本降低目标和重组计划的一部分,HP在去年下半年关闭了30个站点,并将其虚拟服务相互作用增加了300%。该公司在其2020年全年财务报告中表示,它打算在可能的情况下继续减少其可酌情支出。

In Q1 2021, the firm returned $1.6 billion to its shareholders in the form of share repurchases and dividends, and exited the quarter with $4.2 billion in gross cash. Looking ahead to Q2, HP is estimating an EPS outlook of between $0.82-$0.88, and for the 2021 fiscal year foresees an EPS between $2.98-$3.08. The company aims to generate at least $4 billion in free cash flow throughout fiscal 2021.

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Featured image showsHP’s Jet Fusion 5210 is designed for high volume production. Image via Weerg.