Xerox Holdings Corporation’s (XRX) stock has declined 9.5% since the company’s fourth-quarter 2024 results. This downward trajectory can be attributed to dismal earnings performance.See Zacks Earnings Calendar to stay ahead of market-making news.Fourth-quarter adjusted EPS of 36 cents missed the Zacks Consensus Estimate by 30.8% and declined 16.3% year over year. Total revenues of $1.5 billion surpassed the consensus mark by 1.5% but decreased 8.6% year over year on a reported basis. Revenues declined 8% on ...

Following my coverage on Xerox Holdings (NASDAQ: XRX ) in Oct’24, which I recommended a sell rating due to my view that XRX business is structurally impaired, and I don’t see any potential for positive earnings growth inI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be ...

Earnings Presentation Q4 2024 Results January 28, 2025 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", "would", "could", "can", "should", "targeting", "projecting", "driving", "future", "plan", "predict", "may" and similar expressions, as they relate to us, our ...

Xerox has fallen. Can it get up?Xerox Holdings (XRX -7.88%) shares tumbled 11.7% through 10:25 a.m. ET Tuesday after the company missed analyst forecasts for quarterly earnings but beat on sales.Heading into its fiscal Q4 report, analysts predicted the office printer company would earn $0.49 per share on just under $1.6 billion in sales. In fact, Xerox reported just over $1.6 billion in sales. However, its earnings for the final quarter of fiscal 2024 were a disappointing $0.36 per share. Xerox Q4 earningsS ...

Xerox Holdings Corporation (XRX) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -30.77%. A quarter ago, it was expected that this company would post earnings of $0.53 per share when it actually produced earnings of $0.25, delivering a surprise of -52.83%.Over the last four quarters, ...

Financial Performance - Q4 2024 revenue was $1.613 billion, down 8.6% year-over-year, with a gross profit of $502 million and a gross margin of 31.1%[5] - Full-year 2024 revenue totaled $6.221 billion, a decrease of 9.7% compared to 2023, with a GAAP net loss of $1.32 billion, or $(10.75) per share[6] - Adjusted net income for Q4 2024 was $49 million, or $0.36 per share, down from $56 million, or $0.43 per share in Q4 2023[6] - The Print and Other segment revenue for Q4 2024 was $1.540 billion, a decline of 8.7% year-over-year[9] - Full-year 2024 adjusted operating income was $302 million, down 22.4% from the previous year[7] - Total revenues for Q4 2024 were $1,613 million, a decrease of 8.6% from $1,765 million in Q4 2023[18] - Net loss attributable to common shareholders for Q4 2024 was $24 million, compared to a net loss of $61 million in Q4 2023[18] - Comprehensive loss for the year 2024 was $1,344 million, compared to a comprehensive loss of $138 million in 2023[20] - The company reported a goodwill impairment of $1,058 million for the year 2024[18] - Fourth quarter 2024 reported net loss was $1.321 billion, with diluted loss per share of $8.17, primarily due to a $1.1 billion goodwill impairment charge[1] - Full-year 2024 revenue was $6.221 billion, a decrease of 9.6% compared to $6.886 billion in 2023[1] - Adjusted operating income for Q4 2024 was $104 million, with an adjusted operating margin of 6.4%[1] - Adjusted gross profit for Q4 2024 was $509 million, with a margin of 31.6%[1] - The company incurred $1.216 billion in pre-tax losses for the full year 2024, resulting in an effective tax rate of -8.6%[2] Cash Flow and Projections - Free cash flow for 2025 is projected to be between $350 million and $400 million[12] - Q4 2024 operating cash flow was $351 million, down $38 million year-over-year[6] - Free cash flow for Q4 2024 was $334 million, down from $379 million in Q4 2023[1] - The company expects FY 2025 adjusted operating income to be approximately $320 million, with revenue projected at around $6.350 billion[1] - FY 2025 guidance includes an adjusted operating margin of at least 5.0%[1] - The company anticipates adjusted operating income margin to be at least 5.0% in 2025, reflecting incremental gross cost savings[25] Acquisitions and Strategic Initiatives - The pending acquisition of Lexmark is expected to close in the second half of 2025, which is not included in the 2025 guidance[11] - The company closed the acquisition of ITsavvy and plans to acquire Lexmark, aiming to enhance core operations and achieve revenue stability[24] - The company plans to continue focusing on strategic actions and initiatives to drive future growth and operational efficiency[51] Operational Metrics - Equipment sales decreased by 14.2% to $393 million, while post-sale revenue declined by 6.7% to $1.2 billion year-over-year[28] - Total equipment installations increased by approximately 19.0% year-over-year, driven by growth in entry-level and mid-range equipment[24] - The decline in post-sale revenue was attributed to lower managed print service revenue and intentional reductions in non-strategic revenue[24] Expenses and Liabilities - Research, development, and engineering expenses for the year 2024 were $191 million, down from $229 million in 2023[18] - Total assets decreased to $8,365 million as of December 31, 2024, down from $10,008 million a year earlier[22] - Total liabilities decreased to $7,061 million as of December 31, 2024, from $7,236 million a year earlier[22] - The company incurred restructuring and related costs of $5 million during the quarter, with total restructuring costs for the year amounting to $167 million[61] Shareholder Information - Basic loss per share for Q4 2024 was $0.20, unchanged from Q4 2023[18] - Basic Loss per Share for Q4 2024 was $(0.20), compared to $(0.50) in Q4 2023, indicating a 60% improvement year-over-year[76] - Dividends per common share remained stable at $0.25 for both Q4 2024 and Q4 2023, with an annual total of $1.00 for both years[76] Segment Information - Xerox operates through two reportable segments: Print and Other, and Xerox Financial Services (XFS), which are aligned with the company's business management strategy[78] - The Print and Other segment includes sales of document systems, supplies, and managed services, catering to a diverse customer base from small businesses to large enterprises[79] - The XFS segment provides global leasing solutions, primarily generating revenue from financing income on sales-type leases and leasing fees[80] - The product offerings in the Print segment are categorized into Entry, Mid-Range, and High-End devices, targeting different market needs[81] Non-GAAP Measures and Adjustments - The company highlighted the importance of non-GAAP measures to better understand business trends and performance[48] - Transaction and related costs associated with M&A activities were noted as significant, impacting overall financial results[54] - The impact of foreign currency translation was adjusted to provide a clearer view of revenue trends, referred to as "constant currency"[58]

Xerox Holdings Corporation Sued for Securities Law Violations - Contact Levi & Korsinsky Before January 21, 2025 to Discuss Your Rights - XRX ...

INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Xerox ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Xerox To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Xerox between January 25, 2024 and October 28, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Jan. 17, 2025 (GLOBE NEW ...

Investors Who Lost Money on Xerox Holdings Corporation (XRX) Should Contact Levi & Korsinsky About Pending Class Action - XRX ...