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22.05.25 - 22:36
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Xerox Updates Capital Allocation Policy Ahead of Lexmark Acquisition (Business Wire)
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NORWALK, Conn.--(BUSINESS WIRE)--Xerox announced today that its Board of Directors approved an update to its dividend policy in anticipation of the closing of the Lexmark transaction, reducing the quarterly dividend to $0.025 per share ($0.10 per share annualized). Accordingly, Xerox announced the declaration of a quarterly dividend of $0.025 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on July 31, 2025, to shareholders of record on June 30, 2025.
In December 2024, Xerox announced a reduction to its dividend in conjunction with the planned acquisition of Lexmark, reflecting the prioritization of debt repayment following acquisition close. Since then, yields on Xerox publicly traded debt have risen, resulting in an increased cost of capital and placing greater value on the reduction of debt. Further, an acceleration in the expected timing of the Lexmark transaction close and ongoing tariff and trade-related volatility have put a premium on flexibility.
“Consistent with ou...
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14.05.25 - 14:39
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Xerox Unveils Post-Lexmark Acquisition Leadership Team (Business Wire)
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Lexmark Executives Named to Key Roles; Kim Kleps Appointed Chief People Officer
NORWALK, Conn.--(BUSINESS WIRE)--As part of Xerox Holdings Corporation's (NASDAQ: XRX) acquisition of Lexmark International, Inc., the company announced today that two distinguished Lexmark executives will join its Executive Committee at the close of the acquisition. Further strengthening the Xerox leadership team, Kim Kleps will serve as Xerox Chief People Officer, effective immediately.
These leaders bring deep industry expertise to Xerox. They will play a critical role in shaping the future combined company as it integrates Lexmark's renowned imaging solutions and technologies into its portfolio. The incoming Executive Committee members are:
Billy Spears, Chief Product Development & Delivery Officer
Chuck Butler, Chief Business Services Officer
"Welcoming these outstanding Lexmark leaders and naming Kim as Chief People Officer marks an exciting step forward for Xerox," said Steve Bandrowczak, chief executive off...
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01.05.25 - 12:36
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Xerox Releases First-Quarter Results (Business Wire)
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Reinvention drives momentum in Print and IT Solutions growth following ITsavvy acquisition
Financial Summary
Q1 2025
Revenue of $1.46 billion, down 3.0 percent, and 1.1 percent in constant currency.
GAAP net (loss) of $(90) million, or $(0.75) per share, improved by $23 million or $0.19 per share, year-over-year, respectively.
Adjusted net (loss) of $(4) million, or $(0.06) per share, declined by $15 million or $0.12 per share, year-over-year, respectively.
Adjusted operating margin of 1.5 percent, 70 basis points lower year-over-year.
Operating cash flow of $(89) million, lower by $10 million year-over-year.
Free cash flow of $(109) million, lower by $20 million year-over-year.
NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) today announced its 2025 first-quarter results.
"In a quarter marked by increasing levels of macroeconomic and trade policy uncertainty, our team remained focused on what we can control: the balanced execution of our Reinvention and delivering client su...
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24.04.25 - 12:33
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Xerox Holdings Corporation Plans Webcast to Discuss 2025 First-Quarter Results (Business Wire)
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NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) will host a live audio webcast with online presentation slides at 8 a.m. ET on Thursday, May 1st, to discuss the company's 2025 first-quarter results. A news release containing this information will be issued earlier that day at 6:30 a.m. ET.
WHEN:
8 a.m. ET, Thursday, May 1st, 2025
WHAT:
Review of Xerox's 2025 first-quarter results
WHO:
Steve Bandrowczak, chief executive officer, Xerox
John Bruno, president and chief operating officer, Xerox
Mirlanda Gecaj, chief financial officer, Xerox
AUDIO WEBCAST:
https://edge.media-server.com/mmc/p/vg8eig4h
About Xerox Holdings Corporation (NASDAQ: XRX)For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we are a services-led, software-enabled organization that sustainably powers the hybrid workplace of today and tomorrow. Our c...
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