U.S. Tariff on China-Made Printer and Copier Parts Start Today
The U.S. government had announced the tariff on June 15th, initially targeting some $50 billion worth of goods.
Category: Financial News
Sharp Cancels Share Sale
Citing current U.S.-China trade tensions, Sharp Corporation of Osaka, Japan, has cancelled its bid to raise capital by selling new......
Toshiba Completes Sale of Memory Business to Bain Consortium
The Bain-led consortium includes Apple Inc., SK Hynix, Dell, Seagate Technology, and Kingston Technology.
A Closer Look at HP Inc. Financials, Samsung Integration, More
As for the A3 copier/MFP business, HP’s CEO noted that “we continue to on-board new partners and gain year-over-year share. This business is strategic to us given the higher attach rates of supplies and services.”
HP Continues to Report Strong Revenue Growth, Raises Forecast
HP Inc. CEO and President Dion Weisler commented: “We delivered another quarter of double-digit year-over-year revenue and profit growth, strong EPS (earnings per share) and impressive free cash flow and performed well across segments and regions.”
This Week in Imaging: Fujifilm Better Off? Latest Xerox-Icahn News; Company Financials, More
Although Fujifilm of Japan clearly isn’t happy that Xerox has called off the merger deal, there’s a good case to......
Toshiba Reports Results for Fiscal Year
Toshiba’s memory-chip business brought in about 90 percent of Toshiba’s operating profit for the first six months of its fiscal year.
Konica Minolta Reports Results for Fiscal Year
In the company’s Office Business group, in addition to strong sales of color copier/MFPs in North America, sales in China grew significantly.
Stellar Fiscal Year for Toshiba TEC
Toshiba Tec’s other business group, its Retail Solutions group, recorded net sales of 324.5 billion yen, up 3.7 percent versus the previous fiscal year, and operating income of 17.3 billion yen, up 6.0 percent versus the previous fiscal year.
Kodak Reports First-Quarter 2018 Results
Kodak CEO Jeff Clarke commented: “Kodak had continued strong performance in SONORA Process-Free Plates, FLEXCEL NX Packaging and PROSPER Inkjet annuities. We are on plan to deliver full-year revenue and Operational EBITDA performance within the expected guidance range.”
Nuance Reports Second-Quarter 2018 Results
Nuance CEO Mark Benjamin commented: “In just a few weeks, my conviction about the potential of this company has been affirmed. There is real momentum in the core business, making it an exciting opportunity to step in at this pivotal moment.”
Brother Reports Fiscal Year, Fourth-Quarter Results
Brother noted: “Due to the effects of lower corporate taxes in the U.S. and other factors, record high profits are forecast.”
OKI Reports Results for Fiscal Year
OKI is forecasting increases in net sales, operating income, and income, for its current fiscal year that will end in March 2019.
This Week in Imaging: What’s Next for Xerox? Plus, Ricoh, Epson, EFI Financials, More
A private-equity deal may also be in the works: on May 2nd Reuters reported that buy-out firm Appollo Global is approaching Xerox with possible acquisition in mind. Meanwhile, Fujifilm said it will appeal the court order blocking the deal.
EFI Reports Record First-Quarter Revenue For First-Quarter 2018
Electronics For Imaging (EFI) today reported results for first-quarter 2018, reporting “record” first-quarter revenue of $239.9 million, up 5 percent compared......
Xerox Reports First-Quarter Results
Because of Xerox’s announcement this week that its CEO and six Xerox board members will be stepping down under its pending Director Appointment, Nomination and Settlement Agreement with Carl Icahn and Darwin Deason, Xerox is not releasing a financial forecast.
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