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) has appointed Fred Beljaars as the new Executive Vice President and Chief Delivery and Supply Chain Officer, succeeding Mary McHugh. Beljaars, who has been with Xerox since 2018, will lead global delivery, manufacturing, and supply chain operations, focusing on enhancing client-centric operations amid ongoing inflationary pressures. CEO Steve Bandrowczak emphasized that Beljaars' experience will be crucial for advancing customer satisfaction and operational efficiency.
Xerox is set to host its in-person Premier Partner Forum in London from October 4-5, marking a return after a two-year break. The event aims to foster business growth among elite print partners through networking and knowledge sharing. Key topics will include automation, AI, and carbon neutrality, with presentations from notable speakers like Steve Bandrowczak and Sophie Hackford. Additionally, the winners of the Best of Best Awards 2022 will be announced, recognizing top performers in the graphic communications sector.
Xerox has announced a new strategic partnership with LinkSquares to enhance its Capture & Content Services with contract lifecycle management (CLM) capabilities. This integration aims to automate contract processes, allowing clients to efficiently scan, digitize, and manage contracts. The partnership follows Xerox Ventures' recent investment in LinkSquares, contributing to their total funding of $161.46 million and a valuation of $800 million. The collaboration promises to improve operational efficiency for clients navigating complex contracts.
Xerox Holdings Corporation (NASDAQ: XRX) has announced participation in two investor events. The first is a Non-Deal Roadshow hosted by Loop Capital on August 12, 2022, taking place at Xerox’s New York City office. The second event is Citi’s 2022 Global Technology Conference on September 7, 2022, held at the Hilton Midtown in New York. Key executives, including CEO Steve Bandrowczak and CFO Xavier Heiss, will represent the company. Investors can access a live webcast of these events via Xerox's Investor site.
Xerox Holdings Corporation (NASDAQ: XRX) has appointed Steven Bandrowczak as its new Chief Executive Officer, effective immediately. Bandrowczak previously served as President and Chief Operations Officer since joining the company in 2018, and he has been Interim CEO since the passing of John Visentin in June 2022. Under his leadership, Xerox aims to enhance its global operations strategy and drive profitability through digital platforms. The Board has expressed full confidence in Bandrowczak's capability to lead Xerox into the future.
Xerox Holdings Corporation (NASDAQ: XRX) has appointed Philip Giordano to its board of directors. Giordano, founder and Chief Investment Officer of Livello Capital Management, brings extensive experience as a value investor from his time at Goldman Sachs and Deutsche Bank. Chairman James Nelson expressed confidence in Giordano's ability to support Xerox's corporate strategy. With this addition, the board retains eight members. Giordano aims to collaborate closely with the Xerox team to drive the company's growth.
Xerox Holdings Corporation (NASDAQ: XRX) reported second-quarter 2022 results with total revenue of $1.75 billion, a 2.6% year-over-year decline but a 1.1% increase in constant currency. The company posted a GAAP diluted loss per share of $(0.05), significantly down from $0.46 in Q2 2021, and an adjusted EPS of $0.13. Operating income decreased 72.2% year-over-year, while the company maintained guidance for revenue of at least $7.1 billion and free cash flow of at least $400 million for 2022, expecting margin improvements in the second half.
Xerox Holdings Corporation (NASDAQ: XRX) has announced a quarterly dividend of $0.25 per share on its common stock, payable on October 31, 2022, to shareholders of record as of September 30, 2022. Additionally, a dividend of $20.00 per share on the Series A Convertible Perpetual Preferred Stock will be paid on September 30, 2022, for shareholders of record on September 15, 2022. This decision reflects Xerox’s commitment to returning value to its shareholders.
Xerox Holdings Corporation (NASDAQ: XRX) will hold a live audio webcast to discuss its 2022 second-quarter results on July 26, 2022, at 8 a.m. ET. This session will follow an earlier news release at 6:30 a.m. ET. Interim CEO Steve Bandrowczak and CFO Xavier Heiss will present during the event, which can be accessed via a webcast link. This presentation aims to provide insights into Xerox's performance and future outlook.
Xerox ElemX™3D metal printer has been successfully installed on the USS Essex (LHD 2) as part of the U.S. Navy's strategy to utilize additive manufacturing for improved operational readiness. This marks the first deployment of a metal additive printer aboard a U.S. Naval vessel. At-sea trials commenced immediately following installation in Pearl Harbor, Hawaii. The ElemX technology offers significant advantages by enabling on-demand part production, reducing reliance on complex supply chains, and facilitating quicker response times for maintenance needs, thereby supporting naval operations.