Lexmark Reports 4th Quarter and Full Year 2012 Results
-- Fourth quarter revenue exceeded guidance range
-- Growth in both managed print services and software revenue for quarter, year
-- Record full year gross profit margin percentage for fourth consecutive year
-- EPS unfavorably impacted by $0.25 per share by higher than expected taxes
-- Cash from operations of $138 million in the quarter, $413 million in full year
-- Share repurchases and dividends totaled $269 million in 2012
-- Solutions offerings expanded and strengthened by four 2012 acquisitions and significant advancements in new laser line
LEXINGTON, Ky., Jan. 29, 2013
--- Lexmark International, Inc. (NYSE: LXK) today announced financial results for the fourth quarter and full year of 2012.
"Our fourth quarter financial results were highlighted by revenue that exceeded expectation, solid cash flow generation, and ongoing growth in Perceptive Software and managed print services revenue," said Paul Rooke, Lexmark chairman and chief executive officer.
"In 2012 we strengthened our solutions portfolio through four software company acquisitions, and launched one of Lexmark's most significant laser line advancements with solutions-enabled devices that extend our smart MFP and managed print services leadership.
"We are expecting to deliver savings of ... [read more at lexmark.com