Strong Q4 sales at Lexmark

24 January 2005 – Lexington (KY): Lexmark has posted a 12 per cent rise in net income for its Q4, fuelled by improved sales of printers and replacement ink and toner.

Net income for the quarter rose to $155 million, or EPS of $1.18, from $138.8 million, or EPS of $1.05 in the year ago quarter.

Revenue rose 13 per cent to $1.54 billion from $1.37 billion posted in last year’s Q4. Revenue from laser and inkjet supplies was up 13 per cent; revenue from printers up 16 per cent.

For the full year, net income at the company rose to $568.7 million from $439.2 million. Revenue increased to $5.31 billion from $4.75 billion.

Looking to Q1, the company has said it expects revenue growth to be in the mid- to high-single digit range, and EPS to be $0.95 – $1.05, from $0.91 in last year’s Q1.