24 July 2007 — Lexington (KY): Lexmark has announced its Q2 financial results. Q2 revenue was $1.20 billion, down 2 percent, compared to revenue of $1.22 billion last year, and net earnings were $64 million.
Q2 business segment revenue was $734 million, up 3 percent on last year, and Q2 consumer segment revenue was $474 million, down 8 percent compared to 2006.
Paul Curlander, chairman and CEO, said: "Although we had a shortfall in our consumer market segment, the business market segment performed about as expected. In addition, we had strong branded unit growth in our key focus segments of colour laser, laser MFPs and inkjet all-in-ones, and cash flow for the quarter was good as Lexmark continued to have a strong financial position and balance sheet.
"In the consumer segment, our focus going forward will be on improving product cost and price, and on products, customers and countries that drive pages."