Lexington, KY – Today, Lexmark announced via their corporate website their 2nd quarter financials for 2010. The numbers overall, it turned out, were much better than expected according to CEO Mr. Paul Curlander. He had this to say about why, “This strong performance is a reflection of our improved product lines, continued growth in managed print services, the shift in our inkjet focus to business customers, and our ongoing strong growth in workgroup lasers and higher end inkjet products.”
Here are some of the highlights:
Increase in gross profit margin from 31% in 2009 to 36.8% in 2010
Printing Solutions and Services Division (PSSD) reported a revenue of $752 million, a growth of 20% from year to year
Net earnings for the 2nd quarter were $85 million which represents an incredible 400% increase from the same quarter in 2009 (earnings were $17 million)
The highlights listed above reflect only a portion of the positives experienced by Lexmark this quarter. For further details, you can read the full release at Lexmark.com.
