HP Inc. to Announce First Quarter Fiscal 2020 Earnings on February 24, 2020
February 11 2020 - 4:45PM
HP Inc. (NYSE: HPQ) today announced that it will present a live
audio webcast of a conference call to review financial results for
the first fiscal quarter ended January 31, 2020 on Monday, February
24, 2020 at 5:00 p.m. ET / 2:00 p.m. PT.
At that time, when out of its quiet period, HP will share
additional information about its plan to drive sustainable
long-term value for its shareholders, including through the
execution of the Company’s multi-year strategic and financial plan
and the deployment of its strong balance sheet.
HP wants its shareholders to have full information on the
Company’s earnings and the value inherent in the Company before
responding to Xerox’s February 10 press release.
The webcast regarding the Company’s first quarter fiscal 2020
earnings will be available at
www.hp.com/investor/2020Q1Webcast.
A replay of the audio webcast will be available at the same
website shortly after the call and will remain available for
approximately one year.
Forward-Looking Statements This document
contains forward-looking statements that involve risks,
uncertainties and assumptions. If the risks or uncertainties ever
materialize or the assumptions prove incorrect, actual results may
differ materially from those expressed or implied by such
forward-looking statements and assumptions.
All statements other than statements of historical fact are
statements that could be deemed forward-looking statements,
including any statements of expectation or belief; any statements
regarding HP’s long term plan, potential future share repurchases
or any potential strategic transactions, any statements
relating to the plans, strategies and objectives of management for
future operations; any statements concerning the expected
development, performance, market share or competitive performance
relating to products or services; any statements regarding current
or future macroeconomic trends or events and the impact of those
trends and events on HP and its financial performance; and any
statements of assumptions underlying any of the foregoing.
Risks, uncertainties and assumptions include factors relating to
HP’s ability to execute on its strategic plan, complete any
contemplated share repurchases or other strategic transactions; the
need to address the many challenges facing HP’s businesses; the
competitive pressures faced by HP’s businesses; risks associated
with executing HP’s strategy and business model changes;
successfully innovating, developing and executing HP’s go-to-market
strategy, including online, omnichannel and contractual sales, in
an evolving distribution and reseller landscape; successfully
competing and maintaining the value proposition of HP’s products,
including supplies; the impact of macroeconomic and geopolitical
trends and events; the need to manage third-party suppliers, manage
HP’s global, multi-tier distribution network, limit potential
misuse of pricing programs by HP’s channel partners, adapt to new
or changing marketplaces and effectively deliver HP’s services;
challenges to HP’s ability to accurately forecast inventories,
demand and pricing, which may be due to HP’s multi-tiered channel,
sales of HP’s products to unauthorized resellers or unauthorized
resale of HP’s products; the protection of HP’s intellectual
property assets, including intellectual property licensed from
third parties; risks associated with HP’s international operations;
the development and transition of new products and services and the
enhancement of existing products and services to meet customer
needs and respond to emerging technological trends; the execution
and performance of contracts by HP and its suppliers, customers,
clients and partners; the hiring and retention of key employees;
integration and other risks associated with business combination
and investment transactions; the results of the restructuring
plans, including estimates and assumptions related to the cost
(including any possible disruption of HP’s business) and the
anticipated benefits of the restructuring plans; the impact of
changes in tax laws, including uncertainties related to the
interpretation and application of the Tax Cuts and Jobs Act of 2017
on HP’s tax obligations and effective tax rate; the resolution of
pending investigations, claims and disputes; and other risks that
are described in HP’s Annual Report on Form 10-K for the fiscal
year ended October 31, 2019, and HP’s other filings with the
SEC.
HP assumes no obligation and does not intend to update these
forward-looking statements. HP’s Investor Relations website at
http://investor.hp.com contains a significant amount of information
about HP, including financial and other information for investors.
HP encourages investors to visit its website from time to time, as
information is updated, and new information is posted.
Important Information
This document is not an offer to purchase or a solicitation of
an offer to sell any securities. If a tender offer or
exchange offer is commenced, HP will file with the SEC a
solicitation/recommendation statement on Schedule 14D-9. Any
solicitation/recommendation statement filed by HP that is required
to be mailed to stockholders will be mailed to HP stockholders. HP
STOCKHOLDERS ARE ADVISED TO read HP’s Solicitation/Recommendation
Statement on Schedule 14D-9 AND ANY OTHER RELEVANT DOCUMENTS FILED
WITH THE SEC IF AND when THEY become available BEFORE MAKING ANY
DECISION WITH RESPECT TO ANY EXCHANGE OFFER because THEY will
contain important information. Stockholders may obtain free
copies of the solicitation/recommendation statement on Schedule
14D-9 (when available), as well as any other documents filed by HP
in connection with any tender offer or exchange offer, without
charge at the SEC’s website at www.sec.gov. In addition, investors
and security holders will be able to obtain free copies of these
documents from HP by directing a request to Investor Relations,
1501 Page Mill Road, Palo Alto, CA 94304, or by calling (650)
857-1501.
HP intends to file a proxy statement with the SEC in connection
with the solicitation of proxies for the 2020 Annual Meeting of
Stockholders. Any definitive proxy statement and a WHITE proxy card
will be mailed to HP’s stockholders. HP STOCKHOLDERS ARE URGED TO
READ ANY PROXY STATEMENT AND OTHER RELEVANT MATERIALS IF AND WHEN
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. Stockholders may obtain free copies of these and other
SEC filings made by HP (when available) without charge from the
sources indicated above.
Certain Information Concerning Participants
HP and certain of its directors and executive officers may be
deemed to be participants in the solicitation of proxies under the
rules of the SEC. HP stockholders may obtain information regarding
the names, affiliations and interests of HP’s directors and
executive officers in HP’s Annual Report on Form 10-K for the year
ended October 31, 2019, which was filed with the SEC on December
12, 2019, and its proxy statement for the 2019 Annual Meeting of
Stockholders, which was filed with the SEC on February 26, 2019. To
the extent holdings of HP securities have changed since the amounts
printed in the proxy statement for the 2019 Annual Meeting, such
changes have been or will be reflected on Statements of Change in
Ownership on Form 4 filed with the SEC. Stockholders may obtain
free copies of these documents without charge from the sources
indicated above. Additional information regarding the interests of
these participants in any proxy solicitation and a description of
their direct and indirect interests, by security holdings or
otherwise, will also be included in the proxy statement to be filed
by HP with the SEC in connection with the 2020 Annual Meeting, if
and when it becomes available.
About HP Inc. HP Inc. (NYSE: HPQ) creates
technology that makes life better for everyone, everywhere. Through
our product and service portfolio of personal systems, printers and
3D printing solutions, we engineer experiences that amaze. More
information about HP Inc. is available at www.hp.com.
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