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Shares of printer and services giant Xerox (XRX -13.09%) plunged 13.7% on Friday as of 1:30 p.m. ET, after the company announced a reduction in its dividend -- the second cut in the span of six months.
U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Friday.
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 20.
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.
Xerox's fundamentals remain weak, with declining revenue and margins, but the stock's valuation has dropped significantly, prompting an upgrade from sell to hold. Management's optimistic narrative contrasts with poor financial results, including negative adjusted EPS and a significant free cash outflow, raising concerns about their guidance. The core print business continues to decline, with lower managed print services revenue and a shrinking legacy annuity base, indicating ongoing demand weakness.
XRX's first-quarter 2025 revenues decrease year over year.
The headline numbers for Xerox (XRX) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Xerox Holdings Corporation. (NASDAQ:XRX ) Q1 2025 Earnings Conference Call May 1, 2025 8:00 AM ET Company Participants David Beckel - VP, IR Steve Bandrowczak - CEO John Bruno - President and COO Mirlanda Gecaj - Incoming CFO Conference Call Participants Ananda Baruah - Loop Capital Eric Woodring - Morgan Stanley Samik Chatterjee - JPMorgan Operator Welcome to the Xerox Holdings Corporation's First Quarter 2025 Earnings Release Conference Call.
Xerox Holdings Corporation (XRX) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to earnings of $0.06 per share a year ago.
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 success," said Steve Bandrowczak, chief executive officer at Xerox. "Improved sales productivity, the successful integration of ITsavvy and other Reinvention-enabled operatin.