Xerox Holdings Corp Stock Price, News & Analysis

Xerox Holdings Corporation (NASDAQ: XRX) has announced key leadership appointments following its $1.5 billion acquisition of Lexmark International. Two Lexmark executives will join Xerox's Executive Committee upon deal closure: Billy Spears as Chief Product Development & Delivery Officer and Chuck Butler as Chief Business Services Officer. Additionally, Kim Kleps has been appointed as Xerox Chief People Officer, effective immediately.

The acquisition is expected to close in Q3 2025, subject to regulatory approvals. The combined entity will serve over 200,000 clients across 170+ countries, integrating Lexmark's imaging solutions with Xerox's portfolio of print, digital, and IT services. The merger aims to drive operational efficiencies and create new growth opportunities.

Xerox (XRX) reported Q1 2025 results showing mixed performance. Revenue declined 3.0% to $1.46 billion, with a GAAP net loss of $(90) million or $(0.75) per share, an improvement of $23 million year-over-year. The company's adjusted operating margin was 1.5%, down 70 basis points, while operating cash flow was $(89) million. Key segment performance showed Print and Other revenue declining 9.4% to $1.29 billion, while IT Solutions revenue grew significantly by 121.6% to $164 million, driven by the successful integration of ITsavvy. Despite macroeconomic uncertainties, Xerox maintained its 2025 guidance, projecting low single-digit revenue growth and adjusted operating margin of at least 5.0%. The company faces challenges from trade policy uncertainty but reports that Reinvention initiatives are delivering improved operating predictability and sales momentum. Free cash flow guidance for 2025 is set at $350-400 million, excluding potential impacts from the pending Lexmark acquisition.

Xerox Holdings (NASDAQ: XRX) has scheduled a live audio webcast to discuss its 2025 first-quarter financial results on Thursday, May 1st, at 8:00 a.m. ET. The company will release its earnings report earlier that day at 6:30 a.m. ET.

The presentation will feature key executives including Steve Bandrowczak (CEO), John Bruno (President and COO), and Mirlanda Gecaj (CFO). The webcast will include online presentation slides and will be accessible through the company's media server.

Xerox has successfully closed its dual offering of senior secured notes: $400 million in 10.250% Senior Secured First Lien Notes due 2030 and $400 million in 13.500% Senior Secured Second Lien Notes due 2031. The First Lien Notes proceeds will be used to redeem Xerox's 5.000% Senior Notes due 2025 and pay related fees. The company has already redeemed $90 million of the 2025 Notes on April 11, 2025.

The Second Lien Notes proceeds will partially fund the Lexmark Acquisition, announced on December 22, 2024, and repay Lexmark's outstanding debt. These proceeds are held in escrow until the acquisition closes, with a special mandatory redemption provision if the deal isn't completed by December 22, 2025.

Xerox has successfully priced a total of $800 million in Senior Secured Notes, split into two offerings: $400 million of 10.250% First Lien Notes due 2030 and $400 million of 13.500% Second Lien Notes due 2031. The notes are expected to be issued on April 11, 2025.

The First Lien Notes' proceeds will be used to redeem $90 million of 5.000% Senior Notes due 2025 and repay $95 million of borrowings under the first lien senior secured term loan facility. The Second Lien Notes' proceeds will partially fund the previously announced Lexmark Acquisition and repay Lexmark's outstanding debt.

Xerox has announced a significant debt offering comprising two components: $400 million in Senior Secured First Lien Notes due 2030 and $400 million in Senior Secured Second Lien Notes due 2031. The First Lien Notes proceeds will be used to redeem $90 million of 5.000% Senior Notes due 2025 and repay $95 million of borrowings under the company's first lien senior secured term loan facility.

The Second Lien Notes proceeds will partially fund the previously announced Lexmark Acquisition, announced on December 22, 2024, including the repayment of Lexmark's outstanding debt. These proceeds will be held in escrow until the acquisition closes. The Notes and related guarantees are being offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.

Connecticut Children's and Xerox (XRX) have expanded their partnership to implement AI-powered healthcare solutions across three key areas. The collaboration aims to enhance pediatric healthcare delivery through:

1. Emergency Department Efficiency: AI-enabled recommendations for supplies and medications in common emergency cases

2. Cardiotoxicity Risk Prediction in pediatric oncology to identify at-risk patients early

3. Census Forecasting: AI-driven predictive analytics for patient volume predictions and resource allocation

Additionally, Xerox will become the exclusive print technology provider for Connecticut Children's new clinical tower, opening late 2025, while expanding its role as a strategic IT services partner. The partnership focuses on streamlining care delivery and improving patient outcomes through technological innovation.

Xerox (XRX) launched its 2025 Global Partner Summit from March 10-12 in Las Vegas, themed 'High Performance, Ultimate Returns'. The three-day event, hosting 400 channel partners, showcases the company's transformation into a services-led, software-enabled organization.

Key announcements include:

• A streamlined Global Partner Program focusing on simplicity, flexibility and differentiation
• Launch of Learning Central platform for personalized skills development
• Introduction of new Partner Connect Portal to improve accessibility and support

The summit features keynote speakers including Tiffani Bova on business growth, Rob Bloom from Aston Martin Aramco Formula One Team, and Patrick Zammit from TD SYNNEX. CEO Steve Bandrowczak emphasized the important role of partners in Xerox's Reinvention vision, highlighting investments in transformative technologies to accelerate partner success.

Xerox Holdings (NASDAQ: XRX) has announced its upcoming participation in the Morgan Stanley Technology, Media & Telecom Conference. The event is scheduled to take place on Tuesday, March 4. The company's presence at this significant industry conference demonstrates its continued engagement with investors and industry stakeholders.