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Xerox Releases Third-Quarter Results
Xerox said higher input costs, a weaker print market and IT Solutions underperformance drove the outlook cut and dividend suspension.
- On Friday, Xerox Holdings Corporation lowered its full-year adjusted operating income and free cash flow guidance while suspending common and preferred dividends effective immediately.
- Weakening print market demand and $60 million in projected input cost headwinds, driven by rising memory and oil prices, pressured earnings and forced management to reset expectations.
- Xerox reported $1.87 billion in quarterly revenue and achieved a 6.6% adjusted operating margin while reducing total debt principal by $53 million through a notes exchange.
- STARTEEPO SICAV a.s., which owns 7.34% of Xerox, supported the dividend suspension while calling for 'more aggressive steps' to explore strategic alternatives for Xerox Financial Services.
- For 2027, Xerox will implement segmented pricing actions and simplify its management structure, expanding global capability centers to about 15% of workforce to align costs with market conditions.
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STARTEEPO Comments on Xerox's Disappointing Third Quarter Results
Company’s Third Largest Shareholder Welcomes Actions Taken to Prioritize Debt Reduction and Increase Transparency for XFS Business Unit Calls on Xerox Board to Explore Strategic Alternatives for XFS and Company PRAGUE — STARTEEPO SICAV a.s. (“STARTEEPO”), which beneficially owns 7.34% of Xerox Holdings Corporation (“Xerox” or the “Company”) (NASDAQ: XRX) in stocks and options, today […]
·Toronto, Canada
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Xerox Q3 Earnings Call Highlights
Xerox (NASDAQ:XRX) lowered its full-year adjusted operating income and free-cash-flow outlook, suspended its common and preferred dividends and announced a debt exchange after higher input costs, unfavorable equipment mix and slower IT Solutions performance overshadowed improving trends in its core
·Sioux Falls, United States
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Coverage Details
Total News Sources11
Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 28%
Factuality
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