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 (NASDAQ: XRX) generates a steady stream of news across workplace technology, manufacturing, and corporate finance. The company describes itself as a services-led, software-enabled provider of advanced print, digital, and AI-driven technologies that support the hybrid workplace. News coverage on this page reflects developments in its printing technology, IT solutions, cybersecurity offerings, and the integration of Lexmark following the 2025 acquisition.
Investors and observers can use the XRX news feed to follow announcements about earnings webcasts, quarterly and full-year financial results, and dividend declarations on common and preferred stock. Xerox regularly issues press releases around its results, including financial summaries and commentary on progress toward its Reinvention program and integration of Lexmark, as well as updates on cost synergies and segment performance.
Product and technology news is another key focus. Xerox has announced launches such as the Xerox IJP900 Inkjet Press, the Proficio Production Series presses, and the TriShield 360 Cyber Solution for small- and medium-sized businesses. The company also highlights its participation in major industry events like PRINTING United Expo and NRF: Retail’s Big Show, where it showcases its end-to-end production ecosystem, workflow software, XMPie personalized communications, and combined Xerox and Lexmark retail solutions featuring signage and vision AI.
Corporate governance and leadership changes appear in Form 8‑K-linked press releases, including appointments of senior executives and changes in roles such as Chief Financial Officer and President and Chief Operating Officer. Bookmark this page for a consolidated view of official Xerox news, spanning financial updates, product introductions, strategic transactions, and leadership developments related to XRX.
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.
Aston Martin Aramco Formula One Team has announced Xerox as its Official Global Partner starting in 2025. The multi-year partnership will focus on enhancing digital operations through Managed Print Services, Augmented Reality, and Marketing Insights. Xerox will provide critical telemetry data printing services and explore AR applications for remote assistance at track and wind tunnel operations. The partnership will commence with Xerox branding visible on the AMR24 at the upcoming Las Vegas Grand Prix.
Xerox Holdings (NASDAQ: XRX) has announced its latest dividend declarations. The company's board of directors has approved a quarterly dividend of $0.25 per share on common stock, payable on January 31, 2025, to shareholders of record on December 31, 2024. Additionally, a quarterly dividend of $20.00 per share was declared on the Series A Convertible Perpetual Preferred Stock, with payment scheduled for January 2, 2025, to shareholders of record on December 16, 2024.
Xerox (XRX) reported Q3 2024 revenue of $1.53 billion, down 7.5% year-over-year. The company posted a GAAP net loss of $1.2 billion, or $9.71 per share, including a $1.0 billion goodwill impairment charge and a $161 million tax valuation allowance. Adjusted net income was $34 million ($0.25 per share), down from $77 million ($0.46 per share) year-over-year.
The company lowered its 2024 guidance, now expecting revenue to decline around 10% in constant currency, with adjusted operating margin around 5.0% and free cash flow between $450-500 million. Despite equipment revenue falling short, adjusted operating margin improved 110 basis points to 5.2%.
Xerox Holdings (NASDAQ: XRX) has announced plans to host a live audio webcast on Tuesday, October 29th, 2024, at 8 a.m. ET to discuss the company's 2024 third-quarter results. A news release containing this information will be issued earlier that day at 6:30 a.m. ET.
The webcast will feature key executives including Steve Bandrowczak (CEO), John Bruno (President and COO), and Xavier Heiss (CFO). They will review Xerox's financial performance for the third quarter of 2024. Interested parties can access the webcast through the provided link.
Xerox Holdings (NASDAQ: XRX) has agreed to acquire ITsavvy, an Oak Brook, Illinois-based IT solutions provider, for $400 million. The deal includes a $180 million cash payment and $220 million in secured promissory notes. The acquisition is expected to close in Q4 2024, subject to merger clearance control.
ITsavvy, founded in 2004, has grown its revenue to over $400 million on a trailing twelve-month basis. The company offers integrated IT infrastructure solutions, lifecycle, deployment, and managed IT services. This acquisition aligns with Xerox's Reinvention strategy, focusing on expanding its IT Services capabilities and diversifying revenue streams in the US, Canada, and the UK.
The deal is expected to be immediately accretive to Xerox's adjusted earnings per share and free cash flow. Xerox management will provide further details during its Q3 2024 results presentation.
Xerox Holdings (NASDAQ: XRX) has published its 2024 Global Corporate Social Responsibility (CSR) Report, titled 'Leading Responsibly'. The report highlights Xerox's 2023 achievements in workplace sustainability, community support, and operational efficiency. Key accomplishments include:
1. Progress on the net zero by 2040 roadmap, with the company on track to meet its 2030 greenhouse gas emission reduction goals.
2. Innovation in workplace technology, with CareAR enabling remote issue resolution and reducing carbon emissions.
3. Recognition for sustainability efforts, including being named a leader in the 2023 Quocirca Sustainability Report and receiving the ENERGY STAR® 2024 Partner of the Year Award.
4. Community investment of over $2.4 million and 42,000+ employee volunteer hours globally.
5. Introduction of a new Verified Carbon Neutrality Service to help clients create more sustainable workplaces.
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