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Headline: Lexmark profit up 20%
Strong printer and printer supplies sales have helped Lexmark to boost its Q4 earnings by almost 20%. The firm posted net income of $138.8 million, or EPS of $1.05, compared with $116.3 million, or EPS of $0.90, a year earlier. Revenue lifted 13% to $1.37 billion.
Laser and inkjet supplies revenue rose 10% to $716 million with laser and inkjet printer revenue rising 23% to $560 million in the quarter.
CEO Paul Curlander said: “We had strong customer demand for our printing solutions in the fourth quarter, and we believe this positions us well for growth in the first quarter. While we do see some indications of market improvement, we continue to remain cautious due to the uncertain economic environment and the potential for aggressive price competition.”
Lexington (KY
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