HP Inc. Shows Confidence for Fiscal 2017

At the 2016 securities analyst meeting, HP Inc. unveiled its financial outlook for fiscal year 2017.

According to the outlook, HP Inc. expects to return 50-75% of fiscal 2017 free cash flow to shareholders through dividends and share repurchases. The company also indicated that it expects to increase the planned quarterly dividend amount by 7%, with the balance returning to shareholders through share repurchases. HP also announced an increase in its share repurchase program of $3 billion.

“We are increasing our quarterly dividend as a demonstration of our confidence in our execution and the sustainability of our cash flow,” said Cathie Lesjak, Chief Financial Officer of HP.

Dion Weisler (picutured), President and CEO of HP Inc. said, “We are confident in our strategy and believe it will continue to produce reliable returns and cash flow, while also enabling HP to invest in differentiated innovation and long-term growth.”

Other notable points on the outlook include:

• Estimates GAAP diluted net earnings per share from continuing operations for fiscal 2017 of $1.47 to $1.57
• Estimates non-GAAP diluted net earnings per share for fiscal 2017 of $1.55 to $1.65
• Estimates fiscal 2017 free cash flow of $2.3 to $2.6 billion
• Increases planned quarterly dividend amount by 7%
• Announces additional share repurchase authorization of $3 billion for future repurchases

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