Epson outlines its strategy related to the Fiery acquisition in its November 1, 2024, investor call

From a top-line perspective, Epson’s overall revenue was in line with their internal plan, but business profit was sharply higher, mainly due to their progress in controlling expenses in each business segment. For the quarter, both revenue and profits in the printing segment increased in excess of 18% year over year, quite an achievement in a turbulent economy and considering the pressure the printing industry has been under for some time now. Strong ink sales were an important contributor to both metrics. The numbers were significantly lower, in the low double digits, when looking specifically at commercial and industrial printing.

The company projects a year-over-year change in revenue and profit for printing solutions of +26% and +20.2%, respectively. This does not include the impact of the Fiery acquisition since the transaction has yet to close. Absent Fiery, the full-year outlook for printing solutions is much rosier, and one would expect Fiery to add to that, assuming it closes before year end, which the company indicates will be the case, estimating closing in December. The company projects a full-year increase in revenue and profit for printing solutions of +28.3% and +19.8%, respectively.