{"id":68507,"date":"2019-07-29T13:10:56","date_gmt":"2019-07-29T05:10:56","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/hp-inc-reports-2018-first-quarter-results-3d-printing-unit-up-28.3dm"},"modified":"2019-07-29T13:10:56","modified_gmt":"2019-07-29T05:10:56","slug":"hp-inc-reports-2018-first-quarter-results-3d-printing-unit-up-28","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/hp-inc-reports-2018-first-quarter-results-3d-printing-unit-up-28\/","title":{"rendered":"HP Inc reports 2018 first quarter results, 3D printing unit up 28%"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">249<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">220<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">29<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p><span style=\"font-weight: 400;\">The financial results of <\/span><span style=\"font-weight: 400;\">HP Inc.<\/span><span style=\"font-weight: 400;\"> (NYSE: HPQ) for the first quarter of 2018 show a positive start. Earnings are above previously issued guidance and the results prompted a 6% increase in share price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking to analysts and investors Dion Weisler, Chief Executive Officer and President HP Inc., said, \u201cwe&#8217;re playing our own game \u2026 engineering some of the best innovations in our history.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Headline figures at the Palo Alto, California-based company show first quarter net revenue of $14.5 billion, up 14% on the comparative figure. GAAP diluted net earnings per share of $1.16 are above earlier guidance of $0.38 to $0.42 per share. HP\u2019s operating activities in Q1 provided net cash of $996 million.<\/span><\/p>\n<figure id=\"attachment_128602\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-128602\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/Full-color-3D-printing-with-HP.-Photo-by-Michael-Petch.-1024x768.jpg\" alt=\"Full color 3D printing with HP. Photo by Michael Petch.\" width=\"1024\" height=\"768\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/Full-color-3D-printing-with-HP.-Photo-by-Michael-Petch.-1024x768.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/Full-color-3D-printing-with-HP.-Photo-by-Michael-Petch.-770x578.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/Full-color-3D-printing-with-HP.-Photo-by-Michael-Petch.-200x150.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/Full-color-3D-printing-with-HP.-Photo-by-Michael-Petch.-500x375.jpg 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Full color 3D printing with HP. Photo by Michael Petch.<\/figcaption><\/figure>\n<p><b>Update on 3D printing at HP Inc.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Weisler stated that the first quarter marked, \u201cmore milestones for our 3D printing business.\u201d These milestones include the introduction of the <\/span><span style=\"font-weight: 400;\">HP Jet Fusion 300 \/ 500 series<\/span><span style=\"font-weight: 400;\">. Described by Weisler as, \u201ca lower-cost color solution that for the first time in the industry creates engineering grade prototype, functional parts in black or a full spectrum of color, including white.\u201d<\/span><\/p>\n<figure id=\"attachment_128444\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-large wp-image-128444\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/IMAGE-1_HP-Jet-Fusion-300-500-3D-Printer-Solution-1024x683.jpg\" alt=\"HP Jet Fusion 300\/500 series 3D printer. Image via HP\" width=\"1024\" height=\"683\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/IMAGE-1_HP-Jet-Fusion-300-500-3D-Printer-Solution.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/IMAGE-1_HP-Jet-Fusion-300-500-3D-Printer-Solution-150x100.jpg 150w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/IMAGE-1_HP-Jet-Fusion-300-500-3D-Printer-Solution-770x514.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/IMAGE-1_HP-Jet-Fusion-300-500-3D-Printer-Solution-200x133.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/IMAGE-1_HP-Jet-Fusion-300-500-3D-Printer-Solution-500x333.jpg 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">HP Jet Fusion 300\/500 series 3D printer. Image via HP<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">With the expansion of the Jet Fusion 3D printing range comes, \u201ca whole new TAM [total addressable market] and importantly, we are now the only 3D printing provider that enables both prototyping and industrial final part production on the same underlying technology platform,\u201d said Weisler.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another notable recent development is the future collaboration with <\/span><span style=\"font-weight: 400;\">Dassault Syst\u00e8mes<\/span><span style=\"font-weight: 400;\">. This will see HP use Dassault\u2019s <\/span><span style=\"font-weight: 400;\">SOLIDWORKS 3D design platform<\/span><span style=\"font-weight: 400;\">, \u201cto unlock new voxel-level possibilities for product developers.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wiesler also noted growth in key verticals and winning new customers, including FedEx and the U.S. Marine Corps.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an ebullient mood Weisler added, \u201cWe are leading in the call with sprinkles of magic across our portfolio. We&#8217;ve entered adjacent markets with <\/span><span style=\"font-weight: 400;\">disruptive IP and strategies<\/span><span style=\"font-weight: 400;\"> where we can provide differentiation and accelerate industry shifts. And we&#8217;re investing in our future, creating categories with potential upside for decades to come.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cathie Lesjak, HP&#8217;s Chief Financial Officer, provided further details of HP\u2019s financial results, \u201cour performance remained strong across businesses and geographies. Regionally, year-over-year, Americas grew 10%, EMEA was up 13% and APJ grew 18%, all in constant currency.\u201d<\/span><\/p>\n<p><b>3D printing in fastest growing segment<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Segmenting the $14.5 billion in revenue by business unit provides more insight into where this growth is coming from.<\/span><\/p>\n<figure id=\"attachment_129534\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-large wp-image-129534\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/HP-Inc-Q1-FY18-mix-by-segment-and-region.-1024x473.png\" alt=\"HP Inc Q1 FY18 mix by segment and region.\" width=\"1024\" height=\"473\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/HP-Inc-Q1-FY18-mix-by-segment-and-region.-1024x473.png 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/HP-Inc-Q1-FY18-mix-by-segment-and-region.-770x355.png 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/HP-Inc-Q1-FY18-mix-by-segment-and-region.-200x92.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/HP-Inc-Q1-FY18-mix-by-segment-and-region.-500x231.png 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">HP Inc Q1 FY18 mix by segment and region.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Personal Systems Notebooks represents the largest segment by net revenue, accounting for $5.6 billion &#8211; a 14% year-on-year increase. The segment with the greatest growth was Printing Commercial Hardware. At $1.1 billion net revenue, this is the fourth largest segment by revenue. However, year-on-year growth was 28%, more than ten points ahead of the next segment, Desktops, when ranked by percentage. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Printing Commercial Hardware includes Office Printing Solutions, including Samsung brands and OEM hardware, Graphics Solutions and , excluding supplies. Printing Commercial Hardware currently represents 7% of the total $14.5 billion in net revenue at HP Inc for Q1 FY2018. HP did not provide further granularity on the 3D printing sales for the quarter.<\/span><\/p>\n<figure id=\"attachment_129537\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-129537\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/HP-Inc-Segment-Business-Unit-net-revenue-Q1-2018.-1024x688.png\" alt=\"HP Inc Segment Business Unit net revenue Q1 2018.\" width=\"1024\" height=\"688\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/HP-Inc-Segment-Business-Unit-net-revenue-Q1-2018.-1024x688.png 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/HP-Inc-Segment-Business-Unit-net-revenue-Q1-2018.-150x100.png 150w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/HP-Inc-Segment-Business-Unit-net-revenue-Q1-2018.-770x518.png 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/HP-Inc-Segment-Business-Unit-net-revenue-Q1-2018.-200x134.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/HP-Inc-Segment-Business-Unit-net-revenue-Q1-2018.-500x336.png 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">HP Inc Segment Business Unit net revenue Q1 2018.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">It is also important to note that not all revenue reported is recurring. During this quarter HP reported the benefit of a one-time tax gain of $1.03 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lesjak also noted how HP were getting additional value from investment in MJF, \u201cbecause it&#8217;s the same platform now for prototyping as well as production, that&#8217;s unusual in the market.\u201d Remarking on challenges to the adoption of 3D printing Lesjak highlighted a theme familiar to many in the industry, \u201cif we&#8217;re really going to disrupt this $12 trillion manufacturing industry, we&#8217;ve got to get folks to design for 3D. It&#8217;s not just replacing a part today that&#8217;s injection molded. It&#8217;s saying is there a better way to design that part.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lesjak also gave an indication of one target market for the new HP Jet Fusion 300 \/ 500 series, \u201cthis lower-price printer is going to get placed in universities so that the new generation really starts thinking about designing from 3D right away.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wrapping up the investor call Weisler concluded, \u201cAnd as I always say, our reinvention journey is just beginning. I&#8217;m convinced the best years lie ahead of us, and this year will be no exception.\u201d<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Is HP Inc. leading the 3D printing industry? Make your nominations for the<\/span><\/i> <i><span style=\"font-weight: 400;\">2018 <a href=\"\/service\/3d-printing\"> Awards<\/span><\/i><i><span style=\"font-weight: 400;\"> now before the close next week.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">For all the latest 3D printing investment news subscribe to the <\/span><\/i><i><span style=\"font-weight: 400;\">most widely read newsletter in the industry<\/span><\/i><i><span style=\"font-weight: 400;\">, follow us on <\/span><\/i><i><span style=\"font-weight: 400;\">Twitter<\/span><\/i><i><span style=\"font-weight: 400;\">, and like us on <\/span><\/i><i><span style=\"font-weight: 400;\">Facebook<\/span><\/i><i><span style=\"font-weight: 400;\">.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">Protolabs<\/span><\/i><i><span style=\"font-weight: 400;\"> is sponsoring the <\/span><\/i><i><span style=\"font-weight: 400;\">2018 <a href=\"\/service\/3d-printing\"> Industry Awards design competition<\/span><\/i><i><span style=\"font-weight: 400;\">. Submit your design for chance to win a 3D printer.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>249shares 220 29 0 The financial results of HP Inc. (NYSE: HPQ) for the first quarter of 2018 show a positive start. Earnings are above previously issued guidance and the results prompted a 6% increase in share price. Speaking to analysts and investors Dion Weisler, Chief Executive Officer and President HP Inc., said, \u201cwe&#8217;re playing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182560,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/02\/Full-color-3D-printing-with-HP.-Photo-by-Michael-Petch.-1024x768.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HP Inc reports 2018 first quarter results, 3D printing unit up 28% - FacFox News<\/title>\n<meta name=\"description\" content=\"249shares220290The financial results of HP Inc. 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