HP Inc. - HPQ STOCK NEWS

HP showcased its latest innovations in additive manufacturing at Formnext, unveiling the HP Jet Fusion 5420W Solution for producing white parts and the Metal Jet S100 Solution in collaboration with John Deere, enhancing production efficiency and sustainability. Key highlights include new strategic partnerships for post-processing and a recycling program.

HP's Digital Manufacturing Network has expanded, printing over 70 million additional parts in the past year. The company aims to meet market demands for sustainable production and personalization through advanced 3D printing technologies.

Poly has announced the launch of its new Studio Systems for Zoom Rooms, which are powered by HP technology. These systems include the award-winning Poly video solutions and the innovative TC10 controller. Designed for small, medium, and large Zoom Rooms, Poly's systems support various operating systems and incorporate AI capabilities for improved meeting experiences. The products will be available in North America and Europe starting late November 2022 and globally in early 2023. Poly aims to enhance hybrid work setups, ensuring users are heard and seen clearly in meetings.

HP Inc. (NYSE: HPQ) will host a live audio webcast on November 22, 2022, at 5:00 p.m. ET to review its financial results for the fourth quarter and fiscal year ending October 31, 2022. The webcast will be accessible on HP's investor relations website, with a replay available for one year post-event.

HP Inc. emphasizes its commitment to innovation in personal systems, printers, and 3D printing solutions, aiming to transform ideas into reality.

HP Inc. (NYSE: HPQ) has initiated a Post-Acquisition Change of Control Repurchase Offer for its outstanding 4.750% notes due 2029. This follows HP's acquisition of Plantronics, Inc. on August 29, 2022. The offer allows holders to sell their notes for cash at a repurchase price of 101.000% of the principal amount, plus accrued interest, by November 16, 2022. HP accepted $491,116,000 of the Poly Notes in exchange for its own notes, totaling close to $500 million in principal. Further details and procedures for the offer are outlined for eligible holders.

HP Inc. has announced the commercial availability of its new Metal Jet S100 solution for mass production of high-quality 3D printed metal parts. This development aims to transform industries such as medical, automotive, and consumer goods. HP's innovative technology boasts significant advantages, including increased productivity, improved customer economics, and higher part quality. Schneider Electric is collaborating with HP to explore new applications for digital manufacturing that focus on sustainability and efficiency. The global manufacturing market is projected to reach around $12 trillion as 3D printing technology advances.

HP Inc. (NYSE: HPQ) has announced the expiration of its Exchange Offer for Plantronics, Inc. (Poly) notes, which ended on August 31, 2022. Eligible holders of Poly Notes tendered $491.1 million for new HP Notes, with a settlement date set for September 1, 2022. Each $1,000 of Poly Notes tendered will be exchanged for an equal amount of HP Notes, plus a cash consent payment for early participants. The offer was part of HP's strategy following its acquisition of Poly, completed on August 29, 2022, and was conditioned on that acquisition.

HP (NYSE: HPQ) reported Q3 FY2022 GAAP diluted EPS of $1.08, surpassing expectations of $0.91 to $0.96. Non-GAAP diluted EPS was $1.04, in line with guidance. Net revenue was $14.7 billion, a 4.1% decline year-over-year. Cash provided by operations dropped 64% to $0.4 billion, while free cash flow fell 72% to $0.3 billion. HP returned $1.3 billion to shareholders through dividends and share repurchases. For Q4, GAAP EPS is projected at $0.44 to $0.54 amid acquisition-related charges.

HP Inc. has successfully acquired Poly, a leading global provider of workplace collaboration solutions, for $3.3 billion in an all-cash transaction. This merger aims to enhance HP's portfolio in hybrid work solutions, driving long-term growth and value. The acquisition is expected to be accretive to HP's revenue, non-GAAP operating profit, and EPS in fiscal year 2023. HP foresees significant opportunities in the combined offerings, particularly in the areas of peripherals and workforce solutions, which present substantial market growth potential.

HP Inc. Unveils Innovation Agenda at Amplify Executive Forum

HP Inc. (NYSE: HPQ) launched a series of innovative products and solutions aimed at enhancing partner growth during the HP Amplify Executive Forum in Palo Alto. Key announcements include the HP Dragonfly Folio G3, HP 34” All-in-One Desktop PC, and HP Z32k G3 4K USB-C Display, all designed to support hybrid work environments. Additionally, HP introduced enhancements to its partner program, Amplify, which has already driven over $6 billion in revenue growth. The roadmap reflects HP's commitment to innovation and operational excellence.