Core Insights - Xerox Holdings Corporation reported quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.52 per share, and down from $0.43 per share a year ago, representing an earnings surprise of -30.77% [1] - The company posted revenues of $1.61 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.53%, but down from $1.77 billion year-over-year [2] - Xerox has not surpassed consensus EPS estimates over the last four quarters and has topped consensus revenue estimates only once during the same period [2] Earnings Outlook - The sustainability of Xerox's stock price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $1.54 billion, and for the current fiscal year, it is $1.30 on revenues of $6.31 billion [7] Industry Context - The Office Supplies industry, to which Xerox belongs, is currently ranked in the bottom 23% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Acco Brands, another company in the same industry, is expected to report quarterly earnings of $0.41 per share, reflecting a year-over-year change of +5.1%, with revenues projected to be $455.06 million, down 6.9% from the previous year [9]

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 ...

The Schall Law Firm Invites Investors With Losses To Join A Securities Fraud Case Against Xerox Holdings Corporation ...

Xerox Holdings Corporation Is Being Sued For Securities Law Violations And Affected Shareholders Are Urged To Contact The Schall Law Firm ...

NEW YORK, Jan. 15, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Xerox Holdings Corporation (NASDAQ: XRX) between January 25, 2024 and October 28, 2024, both dates inclusive (the "Class Period"), of the important January 21, 2025 lead plaintiff deadline.So what: If you purchased Xerox securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement ...

NEW YORK, Jan. 13, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Xerox Holdings Corporation (NASDAQ: XRX).Shareholders who purchased shares of XRX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/xerox-holdings-corporation-loss-submission-form/?id=121978&from=4CLASS PERIOD: J ...