Lexmark_logo
Lexmark International Inc. announced Tuesday it posted a loss of $25.6 million in fourth quarter of 2014, or 42 cents per share, despite solid growth in key areas.
The Lexington-based imaging company reported total revenue for the quarter at $1.02 billion and for the year at $3.71 billion.
The earnings per share for the quarter minus adjustments related to projects and acquisitions was pegged at $1.11 for the quarter and $4.04 for the year.
Lexmark Chairman and CEO Paul Rooke attributed the down quarter to the continued effects of exiting the inkjet sector as well as to higher taxes and an unfavorable global currency market.
“Currency issues continue to be quite volatile out there, though it’s not an issue unique to Lexmark,” Rooke said.
He pointed to growth in the firm’s Managed Print Services and Perceptive Software, which he said accounts for a 30 percent-and-growing portion of the company’s profits. Rooke said these two areas represent the company’s focus on “higher value, longer-term relationships” with our customers.
“Lexmark had a very strong operational quarter despite headwinds. ... The results prove that our strategy is working,” Rooke said.