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 (NASDAQ: XRX) released its Q2 2024 results, showing sequential improvements despite year-over-year declines. Revenue was $1.58 billion, down 10% YoY. GAAP net income increased to $18 million ($0.11 per share), while adjusted net income decreased to $41 million ($0.29 per share). The company lowered its 2024 guidance, projecting revenue decline of 5-6% in constant currency and adjusted operating income of at least 6.5%. Xerox maintains its three-year target of $300 million incremental adjusted operating income above 2023 levels by 2026. CEO Steve Bandrowczak expressed confidence in the new operating model's ability to drive improvements and return to revenue growth in H2 2024.
Xerox Holdings (NASDAQ: XRX) has announced a live audio webcast scheduled for Thursday, July 25th, 2024, at 8 a.m. ET to discuss the company's 2024 second-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). This event provides an opportunity for investors and analysts to gain insights into Xerox's financial performance and future outlook directly from the company's leadership team.
Xerox Holdings (NASDAQ: XRX) announced that its board of directors has declared a quarterly dividend of $0.25 per share on Common Stock, payable on July 31, 2024, to shareholders of record as of June 28, 2024.
The board also declared a quarterly dividend of $20.00 per share on Series A Convertible Perpetual Preferred Stock, payable on July 1, 2024, to shareholders of record as of June 15, 2024.
Xerox Holdings (NASDAQ: XRX) has elected six new members to its Board of Directors during its Annual Meeting of Shareholders. This strategic move is aimed at supporting Xerox's transition into a services-led, software-enabled organization for sustainable, long-term growth. The newly appointed members include John Bruno, Tami Erwin, Priscilla Hung, Edward McLaughlin, John Roese, and Amy Schwetz. These seasoned executives bring a wealth of expertise in technology, product management, and operations.
The new Board, now comprising nine members, will work towards achieving Xerox's Reinvention objectives. Scott Letier, Chairman of the Board, and Steve Bandrowczak, Chief Executive Officer, emphasized that the new directors' diverse experiences are vital for driving innovation and positioning Xerox for future growth.
Xerox Holdings (NASDAQ: XRX) announces its participation in the J.P. Morgan Global Technology, Media and Communications Conference. The event will take place at 2:25 p.m. EDT on Tuesday, May 21, 2024. Key speakers include CEO Steve Bandrowczak, President and COO John Bruno, and CFO Xavier Heiss. A live webcast and replay of the event will be available on Xerox's investor relations website.
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