Key Developments: Lexmark International Inc (LXK.N)

LXK.N on New York Stock Exchange

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11 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Lexmark International fires Mexico factory workers demanding $0.35 raise - theguardian
Tuesday, 15 Dec 2015 07:11pm EST 

Lexmark International:Printer and software giant Lexmark has fired dozens of workers from its factory in the Mexican city of Ciudad Júarez after they demanded a pay rise of $0.35 per day. - theguardian.Hundreds of workers at the printer cartridge plant went on strike last week, calling for the company to increase its daily rate for experienced employees from 114 to 120 pesos – a raise of approximately $0.35 - theguardian.Days later, Lexmark fired around 120 of the striking workers. Most of those dismissed had been involved in attempts to set up an independent union to advocate pay increases and improvements in working conditions - theguardian.The mass layoff has left families in dire straits in the run-up to the holidays. Low-paid workers in Mexico often rely on the traditional end of year benefit – known as the Aguinaldo – to settle debts and pay for Christmas - theguardian.  Full Article

Lexmark International Inc gives Q4, FY 2015 guidance
Tuesday, 27 Oct 2015 06:45am EDT 

Lexmark International Inc:Sees Q4 2015 Core revenue is to decline -1 to -3 percent year to year.Sees Q4 2015 total revenue to be in the range of -4 to -6 percent year to year.Sees Q4 2015 GAAP EPS to be around $0.00 to $0.10.Sees Q4 2015 Non-GAAP EPS to be around $1.05 to $1.15.Sees FY 2015 Core revenue to be flat to down 1 percent year to year.Sees FY 2015 total revenue to be in the range of -3 to -4 percent year to year.Sees FY 2015 GAAP EPS to be around -$0.38 to -$0.48.Sees FY 2015 Non-GAAP EPS to be around $3.42 to $3.52.  Full Article

Lexmark International declares quarterly dividend
Thursday, 22 Oct 2015 04:30pm EDT 

Lexmark International Inc:Declared a quarterly cash dividend of $0.36 per share of Lexmark Class A Common Stock.Payable on Dec. 11, 2015, to shareholders of record as of the close of business on Nov. 27, 2015.  Full Article

Lexmark International declares quarterly dividend
Thursday, 23 Jul 2015 04:30pm EDT 

Lexmark International Inc:Declared a quarterly cash dividend of $0.36 per share of Lexmark Class A Common Stock.Dividend is payable on Sept. 11, to shareholders of record as of the close of business on Aug. 28.  Full Article

Lexmark International Inc (LXK) stumbles on layoff notices - BAYWIR
Tuesday, 21 Jul 2015 10:05pm EDT 

Lexmark International Inc:Says that it will cut 500 jobs as the printer maker swung to a loss - Baystreet.ca Media Group Corp.  Full Article

Lexmark International Inc gives Q3, FY 2015 guidance
Tuesday, 21 Jul 2015 06:30am EDT 

Lexmark International Inc:Expects Q3 2015 core revenue to increase 3 to 5 percent year to year.Expects Q3 2015 total revenue to be in the range of -1 to +1 percent year to year.Expects Q3 2015 GAAP EPS to be around -$0.48 to -$0.38.Expects Q3 2015 non-GAAP EPS to be around $0.51 to $0.61.Expects FY 2015 core revenue to increase 3 to 5 percent year to year.Expects FY 2015 total revenue to be in the range of -1 to +1 percent year to year.Expects FY 2015 GAAP EPS to be around -$0.49 to -$0.29.Expects FY 2015 non-GAAP EPS to be around $3.55 to $3.75.  Full Article

Lexmark International gives Q2, FY 2015 guidance
Tuesday, 28 Apr 2015 06:30am EDT 

Lexmark International:Sees Q2 2015 core revenue to be about flat year to year.Sees Q2 2015 total revenue to decline in the range of 2 pct. to 4 pct. year to year.Sees Q2 2015 GAAP EPS are expected to be around $0.07 to $0.17.Sees Q2 2015 Non-GAAP EPS are expected to be around $0.75 to $0.85.Sees FY 2015 core revenue to decline slightly year to year.Sees FY 2015 total revenue is to decline in the range of 3 pct. to 5 pct. year to year.Sees FY 2015 GAAP EPS are expected to be around $1.42 to $1.62.Sees FY 2015 Non-GAAP EPS to be around $3.60 to $3.80.  Full Article

Lexmark International declared quarterly cash dividend
Tuesday, 21 Apr 2015 04:30pm EDT 

Lexmark International:Declares a quarterly cash dividend of $0.36 per share of Lexmark Class A Common Stock.Payable on June 12 to shareholders of record as of the close of business on May 29.  Full Article

Lexmark International Inc to acquire Kofax Ltd
Tuesday, 24 Mar 2015 04:30pm EDT 

Lexmark International Inc and Kofax Ltd:Enters into merger agreement in which Lexmark International Inc will acquire Kofax Ltd.Under terms of merger agreement, Lexmark International Inc will acquire all of outstanding shares of Kofax Ltd for $11.00 per share in cash for a total enterprise value of about $1 billion, net of cash acquired.Says it will fund the acquisition with its non-U.S. cash on hand and its existing credit facility programs.Says acquisition is expected to close in Q2.  Full Article

Lexmark International Inc declares quarterly dividend
Thursday, 19 Feb 2015 04:30pm EST 

Lexmark International Inc:Declares quarterly cash dividend of $0.36 per share of Lexmark Class A Common Stock.Payable on March 13, of record as of the close of business on March 2.  Full Article

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Exclusive: Printing services company Lexmark considers breaking up - sources

Printing services company Lexmark International Inc is considering the possibility of divesting its hardware and software assets separately to revive interest in its sale process, according to people familiar with the matter.

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