Lexmark Reports 4th Quarter Earnings - Exceeds Expectations6 Feb, 2013
Lexington, KY - January 29, 2013 - Lexmark International, Inc. 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 $85 million in 2013 from the actions announced last August, and we are well positioned to generate positive free cash flow as we have for each of the past 11 years,” added Rooke. “We continue to execute on our capital allocation strategy of rewarding shareholders through share repurchases and dividends while pursuing acquisitions that further expand and strengthen our solutions offerings.”