HP Inc. - HPQ STOCK NEWS

HP (NYSE: HPQ) reported Fiscal 2020 GAAP diluted net EPS of $2.00, exceeding the forecast of $1.83 to $1.87. Non-GAAP diluted EPS was $2.28, above the expected $2.16 to $2.20. Total net revenue fell 3.6% to $56.6 billion, while fourth quarter net revenue reached $15.3 billion (down 1.0%). The company generated $4.3 billion in cash from operations and returned $4.1 billion to shareholders. A dividend increase of 10% was announced, reflecting commitment to shareholder value.

COBRA Golf has unveiled the KING Supersport-35 putter, a limited edition fully 3D printed product featuring SIK Face Technology. Developed in partnership with HP and Parmatech, this putter's design optimizes weight distribution, achieving a high Moment of Inertia (MOI). The putter utilizes Descending Loft Technology for accuracy and consistency on the greens. Set to launch on Nov. 20, 2020, at $399, it promises a new level of personalization in golf club manufacturing, with plans for more 3D printed products in 2021.

HP Inc. has secured a landmark agreement with Shutterfly, supplying over 60 new HP Indigo digital presses, marking the largest rollout in HP's history. This collaboration aims to enhance productivity in the growing ecommerce market for personalized products, which is projected to reach $3.117 billion by 2026. The investment includes next-generation HP Indigo presses to boost efficiency and quality in photo gifts and products. The installation will occur across four states, significantly advancing Shutterfly's operational capabilities.

HP Engage One Pro is a cutting-edge point-of-sale system launched by HP Inc., designed specifically for retail and hospitality sectors. This all-in-one solution boasts up to 10th generation Intel Core i9 processors, ensuring high performance with rapid transaction processing. Retailers increasingly prioritize differentiation through design and durability, as highlighted by a survey showing 86% value aesthetics. The Engage One Pro addresses these needs with customizable configurations, integrated security features, and a disinfectable chassis, catering to evolving customer expectations during the pandemic.

HP Inc. has launched HP+, a comprehensive printing solution that combines innovative hardware, Instant Ink, and the HP Smart App for a seamless experience. Introduced first at Staples, HP+ includes enhanced features such as the Forest First initiative, offering sustainable printing options. The Instant Ink subscription has been expanded to include toner plans starting at $1.99/month. Customers can enjoy a six-month free trial of Instant Ink and an additional year of warranty. The products are available for purchase online and in stores across the U.S.

HP Inc. (NYSE: HPQ) will host a live audio webcast on November 24, 2020, at 4:30 p.m. ET to discuss its fourth fiscal quarter results ending October 31, 2020. Investors can access the webcast at hp.com/investor/2020Q4Webcast, with a replay available for one year post-event. HP Inc. focuses on enhancing technology for users through personal systems, printers, and 3D printing solutions.

HP Inc. has announced significant advancements in 3D printing automation and management, unveiling the HP Universal Build Manager powered by Dyndrite, enhancing workflow across multiple additive technologies. This innovative software enables personalization and improved efficiency in 3D printing processes. Additionally, HP introduced the HP Automatic Unpacking Station, designed in collaboration with Rösler Group, to streamline post-processing and reduce operational costs. These enhancements support HP's focus on scalable digital manufacturing and high-quality part production.

HP Inc. expands its Planet Partners recycling program to 68 countries, enhancing its commitment to a circular economy.

Over 875 million ink and toner cartridges have been recycled, and a new $2 million washing line in Haiti will produce high-quality recycled plastic for HP products.

HP's initiatives aim to reduce ocean-bound plastic and have diverted approximately 1.7 million pounds of plastic from reaching oceans since 2016.

The company pledges to include 50% of Amplify partners in sustainability efforts by 2025, reinforcing its leadership in environmental responsibility.

HP Inc. unveiled innovations to its HP Create Ecosystem during Adobe MAX, emphasizing tools for remote collaboration. The HP ZCentral, integrated with NVIDIA Omniverse, facilitates real-time teamwork among creatives, allowing them to manage digital workflows from various locations. New DreamColor displays offer enhanced color accuracy and performance, designed for 3D workflows and compatibility with various devices. The company aims to support the increasing demand for remote work solutions, as many creators prefer home-based work post-pandemic. HP continues its commitment to sustainability with displays using recycled materials.