Lexington, Ky.-based Lexmark International Inc. is a manufacturer and supplier of printing and imaging solutions for customers in 150 countries. The company's products include printers (inkjet, mono laser, all-in-ones, multifunction, color laser and dot matrix), printer supplies, software and advisory services. The company provides products for small- and medium-sized businesses, large enterprises, public institutions and home-printing needs. In 2000, Lexmark became No. 1 in total retail market share in the United States in inkjet printer sales.
History
IBM launched Lexmark International in 1991 as a spin-off. Lexmark introduced its first products that year -- the IBM Personal Printer Series II and IBM 4226 dot-matrix printers. Lexmark became a public company in 1995 with an initial public offering of 17,123,575 shares of Class A Common, priced at $20 per share. Two years later, the company introduced the industry's first inkjet printer capable of printing 1,200 dpi by 1,200 dpi. Lexmark reached $1 billion in revenue during the fourth quarter of 1999. In 2004, Lexmark expanded its global presence by opening a new laser toner cartridge manufacturing facility in Juarez, Mexico.
Officers
Paul Curlander has been chairman and CEO of Lexmark International since May 1998. Curlander joined Lexmark in 1991 as general manager for printers, with responsibility for worldwide printer development and manufacturing. Prior to that, he spent 17 years with IBM in various product development and management positions. John Gamble Jr. joined Lexmark in 2005 as executive vice president and CFO. In addition to corporate finance functions, he is responsible for investor relations, corporate communications, strategy and development and internal audit and security functions. Prior to Lexmark, Gamble was executive vice president and CFO of Agere Systems Inc.
In The News: Lexmark Helps Out Local School
Copying, printing and faxing just got easier for teachers, administrators and students at a Lexington, Ky., high school thanks to Lexmark Industries. The Lexington-based printer manufacturer donated on Oct. 10 130 products valued at $500,000 to Bryan Station High School. As a result, the school will be equipped with a laser printer in each classroom, extensive equipment installation and teacher training, and the ability to grade papers using scanners, according to an Oct. 11 article published in the Lexington Herald-Leader.
"It is so great to have a corporate citizen like Lexmark right here in the community," said Fayette County Public Schools Superintendent Stu Silberman in an Oct. 10 press release. "Lexmark has stepped up in a substantial way to help our students have the latest technological advantages as they prepare to enter a global society."
-- Compiled By Jonathan Katz. This appeared in IW's Dec. 16, 2005 issue.
Primary Industry
Computers And Other Electronic Products
Executive 1
Paul J. Curlander, Chmn., CEO
Executive 2
John Gamble, Jr., Exec. VP, CFO
Revenues (US$ Millions)
5313.8
Revenue Growth (%)
11.76
Earnings Per Share (US$)
4.28
Total Equity (US$ Millions)
2082.9
Profit Margin (%)
10.7
Return On Equity (%)
34.61
Debt To Equity Ratio (%)
0.07
Market Capitalization (US$ Millions)
10846
Revenue Growth (%)
11.76
Note: Financial data appeared in IW's August 2005 issue.
IW 50 Best Manufacturing Company
