Andrew Humphrey for David Vogt's questions to HP Inc (HPQ) leadership • Q3 2024
Question
An analyst from UBS asked for a breakdown of the pressures on Print segment margins in Q3 and the key drivers behind the expected margin recovery in Q4.
Answer
CFO Karen Parkhill attributed the Q3 print margin pressure to aggressive pricing, unfavorable geographic mix (particularly in China), and strategic hardware placements that are profitable long-term but dilutive in the short term. She expressed confidence in Q4 margin improvement, citing seasonal strength and accelerated cost savings from the 'Future Ready' plan, which includes business consolidation and supply chain optimization.