Business

HP shares rise by four percent following strong Q3 2020 revenue results

惠普公司’slatest financial results have revealed that the firm performed better than expected during Q3 2020, causing its shares to rise by four percent.

Earlier in the year, HP had provided an outlook of $0.35 to $0.41 earnings per share, but its strong revenue performance caused this to rise to $0.52 per share. The news was well-received by investors, and HP’s shares have risen by four percent since the figures were published.

尽管该公司第三季度的2020年第三季度表现有积极的态度,但惠普在此期间的收入仍为146亿美元。该数字占2019年第三季度收入的143亿美元收入的2.1%下降。

In an earnings call with analysts and investors, Enrique Lores, President and CEO of HP, praised the company’s Q3 performance. Lores also identified remote working as an opportunity for the firm, with its strong product portfolio making it well placed to take advantage. “Our strong Q3 results and solid beat for the quarter, in the face of unprecedented uncertainty, reflects the agility of our teams and the strength of our portfolio,” said Lores.

“We’re leveraging our leadership across consumer and commercial markets to capitalize on opportunities – from the essential role of the PC in an era of remote work and school to the rise of subscription-based business models to enable greater flexibility,” he added.

“Our diverse portfolio and disciplined execution are powering our performance and we’re well positioned to drive continued value creation.”

The HP 3D Printing and Digital Manufacturing Center of Excellence. Photo via Vicens Gimenez/HP.
HP’s stronger than expected revenue performance saw its share price rise by four percent. Photo via Vicens Gimenez/HP.

HP’s Q3 2020 financial results

惠普的收入在两个部分下报告:个人系统和印刷。个人系统包括从公司的笔记本,桌面和工作站部门中赚取的收入。印刷的销售包括来自耗材,消费者硬件和商业硬件细分市场的收入。印刷部门还报告了办公印刷解决方案,图形解决方案和3D打印。

个人系统在2020年第三季度为HP带来了最大的收入,该公司的笔记本电脑部门是该细分市场中出色的表演者。Over the third quarter, HP reported $10.3 billion in Personal Systems revenue, a 7 percent increase on the $9.6 billion generated in Q3 2019. The firm’s Notebook revenue also grew, from $5.6 billion in Q3 2019 to $7.3 billion in Q3 2020, a 30 percent rise.

Revenue Segment Q3 2020 2019年第三季度 Variance (%)
Notebooks 7.3 bn 5.6 bn +30
Desktops 2.2 bn 31亿年 -29
Workstations 0.4 bn 0.6亿 -30
Other 0.4 bn 0.3 bn +20
Personal Systems (Total) 10.3 bn 9.6 bn +9.7

HP’s Printing segment did not fare so well during Q3 2020. For the three months ending July 31, 2020, the company generated $3.9 billion in Printing revenue, a 20 percent drop compared to the $4.9 billion reported in Q3 2019.

The firm’s Commercial Hardware division, which includes 3D printer sales, suffered the largest decline of any segment, falling 37 percent. Over Q3 2020, HP generated $0.7 million in 3D printing revenue compared to the $1.1 million reported in Q3 2019.

HP在Covid-19大流行期间

在收入电话会议期间,洛雷斯说,尽管惠普的印刷收入流仍然有弹性,尽管由于19年,其在东南亚的工厂关闭了。劳雷斯说:“印刷业务的表现比我们预期的要好。”“单位性能顺序改善,我们解决了我们在Q2呼叫上讨论的工厂关闭的供应链影响。”

“We remain uniquely well-positioned, given our leadership across both consumer and commercial print. Our strength has a clear advantage in the current environment,” he added.

Throughout the third quarter, HP’s 3D printing business made a number of key contributions to the firm’s overall revenue growth. Working with its medical partners, HP 3D printed more than four million parts for the healthcare sector during Q3 2020. The company also launched anew polypropylene (PP) 3D printing materialand formed a strategic alliance with part manufacturerOechsler.

尽管HP的3D打印收入性能的确切细节未在通话中分解,但在锁定期间,工厂和办公室关闭了整体印刷部分。由于许多企业仍然关闭,而且办公室工作人员继续在家工作,惠普的硬件和材料收入流受到了严重影响。

Despite the challenging macroeconomic climate, Lores maintained that the value of 3D printing had been amplified by the ongoing pandemic. “The benefits of 3D printing and the strength of our ecosystem have been clear throughout the pandemic,” said Lores. “Across our Industrial businesses, we continue to see attractive opportunities to drive medium to long-term value creation.”

HP Jet Fusion 5200 Series 3D printer. Photo by Michael Petch.
HP’s 3D printing revenue declined by 37 percent during Q3 2020. Photo by Michael Petch.

惠普关于第四季度2020年的前景

随着惠普(HP)进入2020年第4季度,劳雷斯(Lores)表示,经济重新开放将导致公司印刷领域的恢复。洛雷斯说:“在本季度的过程中,我们看到商业印刷的使用情况有所改善,我们的工厂可以回到更正常的水平。”“我们仍然有信心,第四季度的营业美元和保证金利率将依次提高,随着数量的增加,我们的运营利润率将恢复到我们的长期目标”

Owing to the company’s strong revenue performance in Q3 2020, HP issued $251 million in cash dividends over the quarter. HP also repurchased $1 billion worth of shares in Q3 2020, and is targeting the same buyback amount for the next five quarters. As a result, the firm’s outlook for net earnings per share in Q4 2020 is predicted to be in the range of $0.50 to $0.54.

Concluding the earnings call, Lores said that HP’s Q3 revenue results have positioned the company well for the challenges that lie ahead in Q4. “Our results this quarter, the commitment of our people and the strength of our culture, gives me confidence in where we are heading,” summarized Lores. “While we have lots of work to do, we see significant opportunity to drive long-term value creation.”

“我们的结构优势,纪律严明的成本管理和坚定不移的专注于客户,使我们很好地应对当前的逆风。我们在消费者和商业,独特地定位的惠普方面的领导才能利用整个企业的机会。”他补充说。

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Featured image shows HP’s 3D Printing and Digital Manufacturing Center of Excellence. Image via Vicens Gimenez/HP.