07.19.23
1501 Page Mill Road
Palo Alto, CA 94304
Tel: (650) 857-1501
www.hp.com
Sales: 2022 net revenue of $63 billion; $125 million in inks (Ink World estimate).
Major Products: Printers and water-based inks for a wide range of digital printing.
Key Personnel: Enrique Lores, president and CEO; Marie Myers, CFO; Sarabjit Singh (“Savi”) Baveja, chief strategy and incubation officer; Tuan Tran, president of Imaging, Printing & Solutions; Dave McQuarrie, chief commercial officer; Ernest Nicolas, chief supply chain officer.
Number of Employees: Approximately 58,000 worldwide
Operating Facilities: The company has more than
100 locations worldwide.
Comments: HP Inc. had a solid year in 2022, with net revenue of $63 billion, down 0.8% from 2021. The Printing business accounted for $18.9 billion, or 30% of HP’s business, with the Personal System division the remaining 70%. The company recorded $5.5 billion of non-GAAP operating profit, and free cash flow was $3.9 billion in 2022.
“We had a solid end to our fiscal year despite navigating a volatile macro-environment and softening demand in the second half. In Q4 we delivered on our non-GAAP EPS target, while also completing our three-year value creation plan and exceeding our key metrics,” said Enrique Lores, HP president and CEO.
With market-leading positions in the home and home office market, narrow web and label (HP Indigo), corrugated (HP PageWide), large format (HP PageWide XL) and specialty printing systems, including HP Stitch (textiles) and HP Thermal Inkjet (TIJ) technology, HP is the industry leader in digital printing. HP Indigo alone passed the 2,000 active presses mark earlier this year. HP develops its own inks, most of which are water-based, and produces some of its inks.
Palo Alto, CA 94304
Tel: (650) 857-1501
www.hp.com
Sales: 2022 net revenue of $63 billion; $125 million in inks (Ink World estimate).
Major Products: Printers and water-based inks for a wide range of digital printing.
Key Personnel: Enrique Lores, president and CEO; Marie Myers, CFO; Sarabjit Singh (“Savi”) Baveja, chief strategy and incubation officer; Tuan Tran, president of Imaging, Printing & Solutions; Dave McQuarrie, chief commercial officer; Ernest Nicolas, chief supply chain officer.
Number of Employees: Approximately 58,000 worldwide
Operating Facilities: The company has more than
100 locations worldwide.
Comments: HP Inc. had a solid year in 2022, with net revenue of $63 billion, down 0.8% from 2021. The Printing business accounted for $18.9 billion, or 30% of HP’s business, with the Personal System division the remaining 70%. The company recorded $5.5 billion of non-GAAP operating profit, and free cash flow was $3.9 billion in 2022.
“We had a solid end to our fiscal year despite navigating a volatile macro-environment and softening demand in the second half. In Q4 we delivered on our non-GAAP EPS target, while also completing our three-year value creation plan and exceeding our key metrics,” said Enrique Lores, HP president and CEO.
With market-leading positions in the home and home office market, narrow web and label (HP Indigo), corrugated (HP PageWide), large format (HP PageWide XL) and specialty printing systems, including HP Stitch (textiles) and HP Thermal Inkjet (TIJ) technology, HP is the industry leader in digital printing. HP Indigo alone passed the 2,000 active presses mark earlier this year. HP develops its own inks, most of which are water-based, and produces some of its inks.
