Welcome to our dedicated page for Xerox Holdings news (Ticker: XRX), a resource for investors and traders seeking the latest updates and insights on Xerox Holdings stock.
Xerox Holdings Corporation reports on a workplace technology business built around print, digital, software-enabled services, integrated IT infrastructure and hybrid-workplace solutions for enterprises, governments, graphic communications providers and channel partners. News about XRX commonly covers quarterly results, margin trends, revenue trajectory, cash flow, debt reduction and guidance.
Recurring developments also include the integration of Lexmark, board and executive leadership changes, dividends on common stock and Series A convertible perpetual preferred stock, warrant distributions tied to the capital structure, and financing or licensing actions involving Xerox intellectual property assets.
Xerox Holdings Corporation (NASDAQ: XRX) announced that as of June 3, 2022, holders of approximately $434.3 million in Senior Notes due 2023 tendered their Notes, representing 43.43% of the outstanding principal. Xerox plans to accept $350 million of the tendered Notes on June 7, 2022, but due to the high tender amount, purchases will be prorated at approximately 80.60%. Each holder will receive $1,007.50 per $1,000 principal in total consideration, including accrued interest, with the offer expiring on June 17, 2022.
Xerox Holdings Corporation (NASDAQ: XRX) has promoted Joanne Collins Smee to Executive Vice President and President of the Americas, effective June 3. She will lead go-to-market operations across the U.S., Canada, and Latin America following Mike Feldman's retirement. Collins Smee, who joined Xerox in September 2018, previously served as Chief Commercial Officer and played a critical role in the company’s integrated technology solutions. CEO John Visentin expressed confidence in her leadership abilities amid Xerox's ongoing commitment to technological innovation and customer service.
Xerox has been recognized as a leader in Quocirca's 2022 Cloud Print Services Landscape report, praised for its strategic vision and comprehensive service offerings. The company emphasizes a cloud-first approach, designing solutions as native cloud applications, enhancing scalability and security for clients. Quocirca highlighted Xerox's end-to-end security initiatives and innovative MPS Advanced Analytics dashboard, which provides consolidated reporting and valuable insights for customers. Xerox continues to leverage over a century of innovation to redefine workplace technology.
Xerox Holdings Corporation (NASDAQ: XRX) declared a quarterly dividend of $0.25 per share on its Common Stock, payable on August 1, 2022, to shareholders of record on June 30, 2022.
Additionally, the company announced a quarterly dividend of $20 per share on its Series A Convertible Perpetual Preferred Stock, payable on July 1, 2022, to shareholders of record on June 15, 2022.
Xerox Holdings Corporation (NASDAQ: XRX) will participate in two upcoming investor events. The first is Morgan Stanley’s Sustainable Futures Conference on May 23, 2022, at 1:15 p.m. EDT, featuring Michele Cahn and David Beckel. This will be a virtual event, accessible via their investor page.
The second event, J.P. Morgan's Global Technology, Media and Communications Conference, is scheduled for May 24, 2022, at 11:30 a.m. EDT, held in-person at The Westin Boston Seaport District. It will include presentations from Xavier Heiss, Louie Pastor, and David Beckel.
Xerox has secured a $164 million contract from the U.S. Department of Agriculture (USDA) for a duration of 10 years. This agreement expands on a previous contract established in 2016 and includes Managed Print Services and Electronic Fax Services. The deal encompasses the deployment of up to 16,000 Xerox ConnectKey devices across over 3,500 offices, supporting more than 100,000 employees. The partnership aims to enhance print management, file security, and support mobile workforces while driving cost savings.
Xerox has installed its ElemX 3D printer at the Rochester Institute of Technology (RIT) to enhance research in aerospace applications. This collaboration aims to advance metal 3D printing technologies. The ElemX printer promotes safety by eliminating hazardous powders and supporting low-volume production. Both Xerox and RIT have a long-standing partnership in additive manufacturing, with the installation anticipated to boost scalability and innovation. This installation follows previous collaborations with Naval Postgraduate School and Oak Ridge National Laboratory, further establishing Xerox's presence in the additive manufacturing sector.
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.