Lexmark International Inc., the nation's second-largest printer maker, said its first-quarter profit rose 28 percent to 121 million on revenue of $1.26 billion, powered by strength in sales of replacement ink and toner.

The company said net income last year was $94.6 million on revenue of $1.11 billion.

The company, which ranks behind Hewlett-Packard Co. in the printer market, said its gross profit margin rose, although it was somewhat offset by higher sales of low-margin printer. The company said demand from consumers outstripped demand from businesses in the first quarter.

By: DocMemory
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