Xerox Holdings Corp Stock Price, News & Analysis

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.

Xerox Holdings (NASDAQ: XRX) has announced its latest dividend declarations. The company's board of directors has approved a quarterly dividend of $0.125 per share on Common Stock, payable on April 30, 2025, to shareholders of record on March 31, 2025.

Additionally, the board declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock, which will be paid on April 1, 2025, to shareholders of record on March 15, 2025.

Xerox (XRX) reported Q4 2024 revenue of $1.61 billion, down 8.6% year-over-year, with a GAAP net loss of $21 million ($0.20 per share). The adjusted net income was $49 million ($0.36 per share). For full-year 2024, revenue declined 9.7% to $6.22 billion, with a significant GAAP net loss of $1.32 billion ($10.75 per share), including a $1.0 billion goodwill impairment charge.

The company's adjusted operating margin for Q4 improved by 100 basis points to 6.4%, while the full-year margin declined 70 basis points to 4.9%. Free cash flow decreased to $467 million for the full year. Looking ahead to 2025, Xerox expects low single-digit revenue growth and an adjusted operating margin of at least 5.0%, with projected free cash flow between $350-400 million.

Xerox Holdings (NASDAQ: XRX) has announced it will host a live audio webcast on Tuesday, January 28th, 2025, at 8 a.m. ET to discuss its 2024 fourth-quarter and full-year results. The company will release its financial results earlier that day at 6:30 a.m. ET.

The webcast will feature presentations from key executives including Steve Bandrowczak (CEO), John Bruno (President and COO), and Mirlanda Gecaj (VP, Chief Accounting Officer and incoming CFO).

Xerox Holdings (NASDAQ: XRX) has announced its agreement to acquire Lexmark International for $1.5 billion, including assumed liabilities. The transaction, expected to close in the second half of 2025, aims to strengthen Xerox's core print portfolio and expand its global presence.

The merger will create an organization serving over 200,000 clients in 170 countries with 125 manufacturing and distribution facilities across 16 countries. The combined entity will have a top five global share in entry, mid, and production print markets. Xerox expects $200 million in cost synergies within two years of closing and immediate earnings per share accretion.

As part of the financing strategy, Xerox will reduce its annual dividend from $1 to 50 cents per share starting Q1 2025.

Xerox Holdings (NASDAQ: XRX) has announced its participation in the upcoming UBS 2024 Global Technology and AI Conference. The event will take place on Tuesday, December 3, 2024, at 12:15 p.m. EDT. Key executives attending include CEO Steve Bandrowczak, CFO Xavier Heiss, Chief Accounting Officer Mirlanda Gecaj, and VP of Investor Relations David Beckel. A live webcast and replay of the event will be accessible through the company's investor relations website.