Lexmark’s Billion-Dollar Quarter Sees Nearly $1.50 Per Share Earnings

Lexmark_logoLexington, KY – Lexmark reported earnings of $1.48 per share on revenues of $1,006,000,000 for the final quarter of 2013.

“The fourth quarter turned out to be a very strong one up and down the line in our core parts of the business that we’re focused on,” Lexmark Chairman and CEO Paul Rooke told Business Lexington in an interview.

The earnings per share were up more than dollar over the previous quarter ($.45 per share) and the same period in 2012 ($.40 per share). Continued growth in the company’s software and managed print services (MPS) buoyed the quarter.

“The Perceptive business achieved record revenue and grew 70 percent which was some of the acquisitions we made there in the second half as well as good strong organic growth,” Rooke said of Perceptive Software, the suburban Kansas City-based division of Lexmark.

In addition to adding customers to their MPS business, which allows for documents to be stored, sorted, managed and printed off one central system, Rooke said the company kept all of its current customers in that part of the business.

Copyright 2016 Smiley Pete Publishing. All rights reserved.