Key PointsXerox stock is one of those boring classic names that could hold a ton of deep value in today's market.Management and some other big Wall Street players see the beginning of a turnaround, mainly after financials bumped higher.Its attractive dividend yield is only one of the many votes of confidence management sends to the market.5 stocks we like better than JPMorgan Chase & Co.Has the effect of growth and hype preference faded off from the 2022-2023 mania in sectors like technology stocks and, mor ...

Wall Street analysts forecast that Xerox Holdings Corporation (XRX) will report quarterly earnings of $0.51 per share in its upcoming release, pointing to a year-over-year decline of 42.7%. It is anticipated that revenues will amount to $1.79 billion, exhibiting a decline of 7.6% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this ti ...

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, January 25th, to discuss the company’s 2023 fourth-quarter and full-year 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, January 25th, 2024   WHAT: Review of Xerox’s 2023 fourth-quarter and full-year results   WHO: ...

Xerox Holdings Corporation (XRX) has performed well in the past month and has the potential to increase momentum in the near term. If you haven’t taken advantage of its share price appreciation yet, it’s time you add the stock to your portfolio.Why an Attractive Pick?Share Price Appreciation: A glimpse at the company’s price trend reveals that the stock has had an impressive run lately. XRX returned 7.6% in the past month, which compares favorably with the 2.5% rise of the industry it belongs to and the 1.7 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to XEROX HOLDINGS CORPORATION XEROX CORPORATION (Exact Name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or orga ...

Earnings Presentation Q3 2023 Results Forward-Looking Statements This presentation and other written or oral statements made from time to time by management contain “forward looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The words “anticipate”, “believe”, “estimate”, “expect”, “intend”, “will”, “should”, “targeting”, “projecting”, “driving” and similar expressions, as they relate to us, our performance and/or our technology, are intended to identify forward-looking s ...

Xerox Holdings Corporation (NASDAQ:XRX) Q3 2023 Earnings Conference Call October 24, 2023 8:00 AM ET Company Participants David Beckel - Vice President and Head, Investor Relations Steve Bandrowczak - Chief Executive Officer Xavier Heiss - Executive Vice President and Chief Financial Officer Conference Call Participants Ananda Baruah - Loop Capital Maya Neuman - Morgan Stanley Samik Chatterjee - JPMorgan Operator Welcome to the Xerox Holdings Corporation Third Quarter 2023 Earnings Release Conference Call. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to XEROX HOLDINGS CORPORATION XEROX CORPORATION (Exact Name of Registrant as specified in its charter) New York 001-39013 83-3933743 New York 001-04471 16-046802 ...

Earnings Presentation Q2 2023 Results Forward-Looking Statements This presentation and other written or oral statements made from time to time by management contain “forward looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The words “anticipate”, “believe”, “estimate”, “expect”, “intend”, “will”, “should”, “targeting”, “projecting”, “driving” and similar expressions, as they relate to us, our performance and/or our technology, are intended to identify forward-looking s ...

Financial Data and Key Metrics - Revenue for Q2 2023 was $1.75 billion, growing 0.5% in constant currency and 0.4% in actual currency [4] - Adjusted EPS was $0.44, $0.31 higher year-over-year [4] - Free cash flow was $88 million, compared to negative $98 million in the prior year quarter [4] - Adjusted operating margin improved by 410 basis points year-over-year to 6.1% [4] - Gross margin improved by 210 basis points, driven by better product mix and lower supply chain costs [23] - Adjusted other expenses net were $9 million higher year-over-year due to a $16 million benefit from a pension plan refund in the prior year [24] - GAAP loss per share was $0.41, $0.36 higher than the prior year, mainly due to a $132 million charge related to the donation of PARC [24] Business Line Performance - Equipment sales grew 14% year-over-year in constant currency to $420 million, driven by better product availability and higher-margin A3 devices [25] - Post-sales revenue declined 3% year-over-year to $1.3 billion, mainly due to lower IT hardware and paper sales, reduced finance income, and the elimination of Fuji royalties [26] - Digital services revenue was slightly down, offset by growth from recent acquisitions and pricing improvements [27] - FITTLE origination volume grew 36% year-over-year, with captive product originations up 45% and non-captive channel originations up 26% [29] - Print and other segment profit improved by $78 million year-over-year, with a 470 basis point expansion in segment profit margin [30] Market Performance - EMEA grew faster than the Americas, driven by higher post-sale revenue growth, including the prior year acquisition of Go Inspire [27] - Xerox gained 2 points of global market share in Q1 2023, with strong performance in A3 and production markets [9] Company Strategy and Industry Competition - The company is focusing on three strategic priorities: client success, profitability, and shareholder returns [5] - Xerox is leveraging its leadership in cloud print services and print security to win new business and retain clients [6][7] - The company launched a new integrated brand campaign, "We make work, work," to drive awareness of its digitization and workflow solutions [8] - Xerox is shifting its revenue mix towards services that address the hybrid work environment, with a focus on advanced print, digital, and IT solutions [20] - The company has reduced its debt balance by around $600 million year-to-date and plans to return at least 50% of free cash flow to shareholders [11] Management Commentary on Operating Environment and Future Outlook - Management highlighted the resilience of demand for Xerox's products and services, particularly in the mid-market segment [4] - The company is optimistic about future growth opportunities, driven by its focus on client success and the evolving hybrid workplace [19] - Xerox expects full-year revenue to be at the upper end of the flat to low-single-digit decline range, with adjusted operating margin guidance increased to 5.5%-6% [32] - Free cash flow guidance for the year has been raised to at least $600 million, reflecting improved operating income and incremental sales of finance receivables [34] Other Important Information - Xerox sold its Research Center of Canada (XRCC) to Myant Capital Partners to focus on core operations and growth opportunities [10] - The company has institutionalized the use of advanced technologies like RPA, augmented reality, and AI to drive operational efficiency [13] - Xerox has reduced its debt balance by around $760 million over the past 12 months, improving its financial outlook [18] Q&A Session Summary Question: Structural changes in the market and Xerox's revenue stability [36] - Management attributed the resilience in revenue to a strategic shift towards client success, digital services, and the hybrid workplace [37][38] - Equipment revenue remains strong, particularly for A3 products, and post-sales revenue is supported by strong contractual trends [39] Question: Strategy shift towards services and reinvention [40] - Xerox is focusing on vertical and horizontal solutions in its existing customer base, with a strong emphasis on client success and digital transformation [41] Question: Resilience in small and medium business (SMB) demand [42] - SMB demand has been more resilient compared to larger enterprises, which have deferred some installations [43] Question: Normalized revenue growth and margins in a post-COVID world [45] - Management believes the hybrid workplace is still evolving, with significant growth opportunities in productivity and digital transformation [46][47] - Xerox expects strong equipment sales and post-sales revenue to continue driving growth, with upgraded margin guidance for 2023 [49][50] Question: Upside in Q2 operating margins and sustainability [51] - The upside in Q2 margins was driven by one-off items like Fuji royalties and bad debt releases, which are not expected to repeat in the second half [52] - The company remains confident in maintaining margins in the 5.5%-6% range for the full year [53] Question: Seasonality and equipment sales outlook [55] - Q3 is expected to be softer than Q4, with normal seasonality in equipment sales and no significant backlog impact [56][57] Question: Free cash flow and working capital trends [58] - The second half is expected to be stronger for free cash flow, driven by working capital normalization and the HPS receivable funding program [59][60] Question: Impact of the 9-star product ban [62] - The ban had no material impact on Xerox, as the company adheres to all regulatory requirements and has adjusted its supply chain accordingly [63] Question: Cash balance and use of cash [64] - Xerox maintains a cash balance of around $500 million and focuses on shareholder returns, debt repayment, and potential M&A opportunities [65][66] Closing Remarks [69] - Management reiterated its focus on helping clients solve workplace challenges and expressed confidence in the company's growth trajectory [69]