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Xerox Holdings Corp - XRX STOCK NEWS

Welcome to our dedicated news page for Xerox Holdings (Ticker: XRX), a resource for investors and traders seeking the latest updates and insights on Xerox Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Xerox Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Xerox Holdings's position in the market.

News
Rhea-AI Summary
Xerox reported first-quarter results with revenue of $1.50 billion, down 12.4%, and a net loss of $(113) million. Despite challenges, the company implemented operating model changes and remains on track to meet Reinvention targets. The adjusted net income declined to $11 million, with an operating margin of 2.2%. Xerox expects a revenue decline of 3-5% in constant currency for 2024, with a focus on improving operating income margins.
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End-of-Day
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Rhea-AI Summary
Xerox Holdings will host a webcast to discuss its 2024 first-quarter results, featuring key executives like CEO Steve Bandrowczak and CFO Xavier Heiss.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
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Rhea-AI Summary
Xerox Holdings announces the nomination of seven new highly-qualified candidates for election to the Board of Directors. These candidates bring deep technology, product, finance, and global operations experience, aiming to propel Xerox forward in its Reinvention.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.26%
Tags
management
Rhea-AI Summary
Xerox Holdings (NASDAQ: XRX) announces plans to transition operations in Peru and Ecuador to Productive Business Solutions (PBS), a long-standing partner. The transaction is expected to close in Q2 2024. Xerox employees in both countries will shift to PBS. PBS will become the exclusive distribution partner for Xerox in these markets, operating as independent entities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
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partnership
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Rhea-AI Summary
Xerox Holdings announces the full exercise of the over-allotment option for its Convertible Senior Notes due 2030, raising an additional $50 million. The total gross proceeds from the offering now stand at $400 million. The company also closed an offering of $500 million Senior Notes due 2029 and settled cash tender offers, repurchasing $82.8 million of 2024 Notes and $362 million of 2025 Notes. The note offerings and repurchase aim to enhance financial flexibility and support Xerox's Reinvention and Digital and IT businesses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.82%
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Rhea-AI Summary
Xerox Holdings (XRX) closes a $500 million private placement of 8.875% Senior Notes due 2029 to refinance existing debt and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
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none
Rhea-AI Summary
Xerox Holdings announces the consideration payable for the cash tender offers for the 2024 Notes and 2025 Notes. The Total Consideration for each series of Notes and the terms of the Tender Offers are detailed in the press release.
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Rhea-AI Sentiment
End-of-Day
0.18%
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Rhea-AI Summary
Xerox Holdings announces early tender results for cash tender offers for 2024 and 2025 Notes, with $362 million aggregate principal amount accepted for purchase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
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none
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Rhea-AI Summary
Xerox Holdings Corporation (XRX) sells its operations in Argentina and Chile to Grupo Datco, a technology and fiber optic network services provider. The transition aligns with Xerox's Reinvention journey to enhance client support and accelerate growth. Grupo Datco will become the exclusive partner for Xerox in these markets, maintaining brand presence and offering products and solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
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none
Rhea-AI Summary
Xerox Holdings Corporation (XRX) closes $350 million offering of 3.75% Convertible Senior Notes due 2030, with plans to refinance existing debt and fund capped call transactions. The initial conversion price represents a 25% premium over the closing price of Xerox's common stock on NASDAQ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
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Xerox Holdings Corp

Nasdaq:XRX

XRX Rankings

XRX Stock Data

2.09B
115.06M
7.25%
88.62%
10.83%
Computer Terminal and Other Computer Peripheral Equipment Manufacturing
Manufacturing
Link
US
Norwalk

About XRX

xerox is helping change the way the world works. by applying our expertise in imaging, business process, analytics, automation and user-centric insights, we engineer the flow of work to provide greater productivity, efficiency and personalization. we conduct business in 180 countries, and our more than 130,000 employees create meaningful innovations and provide business process services,printing equipment, software and solutions that make a real difference for our clients – and their customers.