Xerox Holdings Corp Stock Price, News & Analysis

Xerox Holdings Corporation (NASDAQ: XRX) reported Q1 2022 results revealing a 2.5% decline in revenue to $1.67 billion year-over-year, with GAAP EPS reflecting a loss of $(0.38). The company faced operating losses due to inflation and increased logistics costs, leading to a pre-tax margin of (5.3)%. Despite challenges, Xerox noted a growing backlog and continued strong demand for its products. The company maintains its guidance of at least $7.1 billion in revenue for 2022, expecting improvements in supply chain dynamics.

Xerox Holdings Corporation (NASDAQ: XRX) will conduct a live audio webcast on April 21, 2022, at 8 a.m. ET, to discuss its 2022 first-quarter results. A news release with the relevant information will precede this event at 6:30 a.m. ET. Key executives including John Visentin, CEO, and Xavier Heiss, CFO, will be presenting. The webcast will be accessible via links provided in the announcement.

Xerox Elem Additive Solutions has announced a collaboration with Siemens to enhance metal additive manufacturing capabilities. Siemens has acquired an ElemX metal 3D printer for its Charlotte Advanced Technology Collaboration Hub (CATCH). This partnership aims to advance innovation in industrial additive manufacturing, focusing on software, materials, and automation. The ElemX printer is noted for its cost-effective aluminum wire use, minimal operational modifications, and reduced post-processing times, supporting sectors like aerospace and defense.

Xerox Elem Additive Solutions has installed a Xerox ElemX 3D metal printer at Oak Ridge National Laboratory's Manufacturing Demonstration Facility to enhance metal additive manufacturing (AM) technologies. The ElemX utilizes cost-effective aluminum wire, minimizing the need for post-processing and facility modifications. This collaboration aims to refine liquid metal AM technology to improve supply chain resilience across sectors like aerospace and defense. The project focuses on simplifying the integration of AM technologies into existing manufacturing systems.

PARC, a Xerox company, has launched Novity™, a predictive maintenance technology aimed at reducing unplanned downtime in manufacturing. This technology leverages sensors and machine learning to predict equipment failures with up to 90% accuracy, potentially saving the manufacturing industry an estimated $50 billion annually. The solution is designed to be user-friendly, requiring less historical data than current offerings. Pennsy Supply has already reported positive results from a pilot deployment, highlighting its effectiveness in preventing costly downtimes.

Xerox Holdings Corporation (NASDAQ: XRX) announced its participation in the Morgan Stanley Technology, Media & Teleconference scheduled for 8 a.m. PST on March 10, 2022, at The Palace Hotel in San Francisco. Key executives attending include Xavier Heiss, CFO; Louie Pastor, Executive VP; and David Beckel, VP of Investor Relations. A webcast of the event will be available, with a replay option post-event. This engagement marks Xerox's ongoing efforts to communicate its advancements in technology and services.

Xerox Holdings Corporation (NASDAQ: XRX) hosted an Investor Day to highlight strategies for long-term shareholder value and growth in its Print & Services and new business segments. CEO John Visentin emphasized the company's continued investment in innovation despite pandemic and supply chain challenges. Key announcements included the rebranding of Xerox Financial Services to FITTLE and growth strategies for CareAR and PARC. Xerox projects revenue of at least $7.1 billion for 2022, with plans for free cash flow generation of $400 million and a return of at least 50% to shareholders.

Xerox Holdings Corporation (NASDAQ: XRX) has rebranded its equipment financing business as FITTLE. The new name signifies the essential qualities of speed, quality, and ease in transacting. FITTLE is positioned to help businesses secure financing across a variety of offerings including IT services and office equipment. With over 150,000 customers in 29 countries and managing 700,000 leases, FITTLE aims to cater to the growing demand for vendor financing as businesses seek to preserve capital.