Lexmark Sees Double Digit printer Growth Since Acquisition

According to Recycling Times Media, printer manufacturer Lexmark sold 717,000 printers in the first half of 2017, a 19.7% YoY increase. Their acquisition from a company fully entrenched in this industry seems to have added stability to the printer OEM.

Lexmark has not replaced CEO David Reeder, who left earlier this year and RT Media is reporting that Ninestar, Lexmark’s owner, has formed a Lexmark Executive Committee to steer the company. It appears the CEO post will not be filled, at least not anytime soon, if at all.

You may not know them, but Lexmark’s owner, Ninestar is big, reportedly accounting for more than 10% of all cartridges made in China.  Ninestar has already seen a boost to toner cartridge sales by replacing Lexmark’s former suppliers with themselves.

RT Media also reports that Chinese made Lexmark printers will be introduced in China. Three have already hit that market and two more are on the way.

It will be interesting to watch how this story continues to develop.

MFP Promise…or Peril? IDC Security Research Director on Security Risks w/MFPs