Lexmark

Maker of computer printers.

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Headquarters:
740 West New Circle Road
Lexington, KY 40550
Employees: 12,200
CEO: Paul Rooke
Stock Symbol: LXK

Website: http://www.lexmark.com

Career Site

Lexmark is a leading developer, manufacturer and supplier of printing and imaging solutions for customers in more than 170 countries. The company makes printers for home users, small businesses and large corporations.

Lexmark was the first company to market 4800 x 1200 dots per inch (dpi) and 3600 x 1200 dpi resolutions, develop 1200 dpi laser and inkjet printers, produce standalone photoprinters, and offer a sub-$100 inkjet printer.

Perceptive Software, a Lexmark company, is a leading provider of process and content management software that helps organizations fuel greater operational efficiency. I

In 2012, Lexmark reported revenues of $3.79 billion, down from $4.1 billion the previous year, and net income of $106 million.

The company said it would exit the inkjet printer business due to declining sales as more users switch to tablet devices instead of personal computers. It plans to close a Phillippines manufacturing facility by 2015. Lexmark said it will eliminate inkjet development worldwide and cut 1,700 positions, including 1,100 manufacturing positions.

In March, Lexmark announced the completion of two acquisitions, San Francisco-based Twistage and Seattle-based AccessVia. The total acquisition price for the companies combined is approximately $31.5 million. Twistage offers an industry-leading, pure cloud software platform for managing video, audio and image content. AccessVia lets stores print on-demand signs and electronic shelf labels.

Lexmark announced it has sold its inkjet-related technology and assets to Funai Electric for approximately $100 million.

History

Lexmark was launched as a spin-off of IBM in 1991. The company developed co-branded printers with IBM. The company went public in 1995.

Lexmark bought document management firm Perceptive Software in 2010 for $280 million.

Benefits

We want our employees to be well. - Our comprehensive benefits package emphasizes our commitment to your physical health and wellness, your financial security and your professional development.

Health and Wellness - You choose the benefits that are right for you and your family. We offer a variety of medical plans, as well as a program that reimburses health and wellness activities. Lexmark families may participate in a flexible spending account and take advantage of professional counseling programs.

Financial Security - We provide competitive pay and reward our employees for their hard work. You can plan for a worry-free future with our generous savings and retirement plans, while our insurance offerings ease today's anxieties.

Additional Benefits - We know there's more to life than work. That's why we provide a selection of other benefits ranging from onsite cafeterias and banks, to flexible time-off policies. Our Volunteer Time Off Program even pays you to give back to the community.

Training and Development - We strive for continuous improvement at the personal and professional level. Our employees enjoy extensive technical training and funding for continuing education. At the corporate level, we offer leadership training and participation in improvement programs, such as Six Sigma Black Belt.

Updated April 20, 2013