LEXINGTON, Ky., Oct. 21, 2014 /PRNewswire/ -- Lexmark International, Inc. (NYSE: LXK) today announced financial results for the third quarter of 2014.

"In the third quarter, Managed Print Services and Perceptive Software combined revenue grew 20 percent, representing nearly one third of Lexmark's total revenue, and is on track to exceed $1 billion this year," said Paul Rooke, Lexmark chairman and chief executive officer. "Our strong results reflect the work we have been doing to transform Lexmark to a solutions company, creating a unique portfolio of higher value imaging and software solutions.

"The acquisition of ReadSoft further broadens Lexmark's solutions capabilities and reach, and supports our target of generating Perceptive Software revenue of $500 million in 2016," added Rooke. "This acquisition demonstrates the disciplined execution of our capital allocation framework, which fuels Lexmark's transformation and rewards our shareholders through the ongoing return of capital."

Third Quarter Results


    --  Third quarter results include ReadSoft results subsequent to Aug. 19,
        2014. ReadSoft results added $14 million to revenue ($16 million
        non-GAAP) and impacted earnings per share (EPS) by approximately -$0.06
        (+$0.04 non-GAAP).



    Revenue (millions)  3Q14       3Q13
    -----------------  ----        ----

    GAAP                      $918        $890

    Adjustments                  3           5

    Non-GAAP                  $921        $896
    --------                  ----        ----


    Earnings Per Share  3Q14       3Q13
    ------------------ ----        ----

    GAAP                     $0.60       $0.53

    Adjustments               0.45        0.49
                             $1.05
    Non-GAAP                            $1.02
    --------                            -----