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lemark international lxk_AR2005
- Revenue for Lexmark in 2005 was $5.22 billion, down 2% from 2004, with gross profit margin declining from 33.7% to 31.3%. Net earnings were $356.3 million compared to $568.7 million in 2004. - The company faced challenging market conditions in 2005, particularly in the second half of the year, and took steps to lower prices and reduce workforce to improve competitiveness. - Lexmark continued investing in R&D, introducing new products, and maintained marketing support, though this impacted short-term financial results. - For 2006, Lexmark plans further cost reductions and profitability improvements through manufacturing consolidation and expense reductions, while continuing investment in new
