HP Inc: restructuring, share buybacks and sets targets
(CercleFinance.com) - HP Inc.
, the company that includes the hardware business of the former Hewlett-Packard, has announced a restructuring plan involving 7,000 to 9,000 job cuts for its fiscal year 2020.
These steps - to be completed in 2022 - will result in extraordinary charges of about 1 billion dollars and will generate similar annualised gross savings at the end of FY 2022.
In addition, HP Inc. announces the authorization of an additional share buyback amounting to 5 billion dollars, and says that it intends to increase its dividend by 10% in order to redistribute at least 75% of its free cash flow in FY 2020.
After announcing this restructuring plan, the group announced targeting FY 2020 EPS of between 1.98 dollar and 2.10 dollars as reported (adjusted EPS of 2.22 dollars to 2.32 dollars), with FCF of at least 3 billion dollars next year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
, the company that includes the hardware business of the former Hewlett-Packard, has announced a restructuring plan involving 7,000 to 9,000 job cuts for its fiscal year 2020.
These steps - to be completed in 2022 - will result in extraordinary charges of about 1 billion dollars and will generate similar annualised gross savings at the end of FY 2022.
In addition, HP Inc. announces the authorization of an additional share buyback amounting to 5 billion dollars, and says that it intends to increase its dividend by 10% in order to redistribute at least 75% of its free cash flow in FY 2020.
After announcing this restructuring plan, the group announced targeting FY 2020 EPS of between 1.98 dollar and 2.10 dollars as reported (adjusted EPS of 2.22 dollars to 2.32 dollars), with FCF of at least 3 billion dollars next year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.