Lexmark International Inc. reported Tuesday a fourth-quarter loss of $25.6 million, after reporting a profit in the same period of 2013.
Nonetheless, the company said it had a strong performance because its Perceptive Software and laser printer hardware, and supplies business did well, even though the company overall took a hit from its continuing exit from the inkjet printer business.
"Our revenue actually exceeded our range," Lexmark CEO and president Paul Rooke said Tuesday afternoon.
"We still posted growth. ... The company performed quite well in the fourth quarter."
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Both the inkjet exit and foreign currency fluctuations affected the company's earnings. In 2014, the inkjet departure was a bigger player in driving Lexmark's bottom line than currency fluctuations from soft international economies, Rooke said. In 2015, those positions will be reversed, with currency fluctuations becoming more dominant, he added.
Lexmark International is continuing its transition from printers to the broader category of information solutions, the company said. Earlier in January, Lexmark bought Toronto-based Claron Technology Inc., a leading provider of medical image technology, in a $37 million all-cash transaction.
The company had a loss of 42 cents a share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.11 a share. The company posted revenue of $1.02 billion in the period.
For the year, the company reported profit of $79.1 million, or $1.25 a share. Revenue was reported as $3.71 billion.
For the current quarter ending in March, Lexmark expects its per-share earnings to range from 70 cents to 80 cents. The company expects full-year earnings in the range of $3.60 to $3.80 a share.
Despite what he called "tactical headwinds" buffeting the company, Rooke said, "All indicators that we look at today say that our strategy is working."