Lexmark Corporation - A Global Technology Company
Lexmark International, Inc. is a leading developer, manufacturer and supplier of printing
solutions -- including laser and inkjet printers, multifunction products, associated
supplies and services -- for offices and homes in more than 150 countries. Recognized
worldwide for its customer-driven approach to developing its wide array of awardwinning
products, Lexmark is meeting the demanding and constantly changing workflow
management needs of today's businesses, and the performance and convenience
demands of home-printing consumers.
Since the company was launched in 1991, Lexmark's commitment to innovation,
ownership of technology and a unique path to market have been the ingredients of
operational and financial success. An industry trendsetter, Lexmark was the first
company to market 4800 x 1200 dots per inch (dpi) and 3600 x 1200 dpi resolutions,
develop 1200 dpi laser and inkjet printers, produce standalone photoprinters, and offer
a sub-$100 inkjet printer. These innovations formed the foundation of Lexmark's
reputation for quality and leadership that led to substantial market share gains in recent
years. Consequently, Lexmark has been transformed from an ambitious start-up to a
$4.8 billion enterprise (FY2003). The company has reported compounded annual
revenue growth of 10 percent over the past five years, and has seen earnings per share
increase from 58 cents (split adjusted) in 1996 to $3.34 in 2003. Shareholders have
responded to that financial success with an increase in share price since going public
(NYSE: LXK) in November 1995 that significantly outpaced the S&P500 during that period.
Lexmark's long-term growth prospects are fueled by several market and industry trends,
including rapid expansion in emerging markets such as Latin America and Asia Pacific,
the explosion of color printing in the office, and the impact of the Internet as a vehicle
for commerce and a catalyst for increased printing trends. Unlike some of its competitors, Lexmark develops and owns the technology inside its products, giving the company a competitive edge and allowing the company to reduce research and development time between product introductions. This also allows for the timely integration of customer input into product design and development. The corporation and its products have received nearly 2,000 awards and industry accolades around the world, including: Business Week’s “InfoTech 100;” Fortune’s “Most Admired Companies;” Forbes Super 500;
Fortune's "Editors' Choice;" PC World's "Top 10 Printers;" and PC World's "Best Buy."
Environmental Consciousness and Community Involvement
Lexmark takes seriously its responsibility to the environment and the communities in
which it operates. Lexmark practices conservation and seeks to recycle materials,
purchase recycled materials and use recyclable packaging. The Lexmark Cartridge
Collection Program and the Lexmark Return Program help keep materials out of
landfills. The company's involvement with United Way, Habitat for Humanity, the YMCA
and many other organizations reflect Lexmark’s community commitment. Lexmark’s
employees worldwide donate their time, talent and financial support to a great number
of worthy endeavors.