Ninestar announces Lexmark’s financials

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Ninestar announces Lexmark’s financials

Ninestar of China, owner of Lexmark, stated that Lexmark’s first half sales were down 32% YoY

EBITDA down 33% to $88 million
Forecasts that operating income for printer consumables business expected to be down 5.95%
Ricoh, Sharp, Toshiba and Xerox are all still sourcing printers and MFPs from Lexmark, even though some of the products may be made using forced labor by Ninestar plants in Zhuhai, China
(does not yet show effect of the federal ban on some Ninestar goods due to use of forced labor)

7/26/238:58 PM

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Ninestar announces Lexmark’s financials

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