The OEM expanded on its most recent quarterly results and recent developments.
In a “quarterly business roundup”, the OEM reflected on its recent quarterly results, which saw revenue for 3Q2015 to $851 million (€769 million), down from $918 million (€829 million) for the respective quarter of 2014, while the gross profit margin fell to 37.6 percent from 38.9 percent. The OEM’s Inkjet Exit division saw its revenue decline 48 percent, while its MPS division grew its revenue by one percent.
Rumours emerged earlier this year that among “strategic alternatives” Lexmark is considering include looking to sell the company to another technology company or a private equity firm. In turn, according to a market analyst, “weak demand” for both printers and cartridges “will continue to hinder” the OEM’s printer business.
The OEM also noted that it recently opened a base in Saudi Arabia, which further “expand[s] its presence to support demand in the Middle East”, while it also reported that it had been named ‘Best A4 Manufacturer of the Year’ by The Cannata Report, after a survey of dealers. This marked the fourth time that it received the award, after wins in 2010, 2012 and 2014.
Ron Binkauskas, Lexmark’s Vice President and General Manager for Imaging Solutions and Services, North America, added: “Lexmark is honoured to be named ‘Best A4 Manufacturer of the Year’. This award validates the strength of our A4 product line and is especially meaningful because it is determined by an independent office equipment dealer survey.”