HP Inc (NYSE:HPQ) Q4 2018 Earnings Conference Call - Final Transcript
Nov 29, 2018 • 05:00 pm ET
of components and logistics, we expect the cost to improve compared to Q4 levels. This should offset some of the increased currency headwind, assuming the market is not incrementally more competitive.
In Printing, we continue to expect overall supplies revenue to be flat to slightly up for the full year. And we are including the full-year expected impact from the Apogee acquisition. In addition, for the full year, we expect our non-GAAP tax rate, which is based on our long-term non-GAAP financial projection, to be 16% in FY19.
Taking these considerations into account, we are providing the following outlook. Q1 '19 non-GAAP diluted net earnings per share to be in the range of $0.50 to $0.53; Q1 '19 GAAP diluted net earnings per share to be in the range of $0.46 to $0.49. We are maintaining our full-year fiscal 2019 non-GAAP diluted net earnings per share to be in the range of $2.12 to $2.22 and full-year fiscal '19 GAAP diluted net earnings per share to be in the range of $2.04 to $2.14. And we expect to return approximately 75% of free cash flow to shareholders through a combination of dividends and share repurchases over the course of the full year.
And now let's open up the call for questions.