$XRX (Xerox Corporation)

$XRX {{ '2015-07-24T15:28:02+0000' | timeago}} • Webcast

$XRX 2Q15 Call: Total signings in the quarter were up 20%, & new business signings were up 9%, driven by strong signing in document outsourcing, as well as recently signed New York Medicaid processing contract in BPO. Document technology revenue was down 7% at constant currency; & as expected currency had a 5-point negative impact.

$XRX {{ '2017-07-12T13:42:03+0000' | timeago}} • Announcement

$XRX announced that Ted Dezvane will lead the Managed Document Services (MDS) organization. In this role, Dezvane will focus on expanding $XRX’s document services market share and helping it retain its leading position.

$XRX {{ '2017-06-26T22:25:19+0000' | timeago}} • Announcement

NAVER Corporation and $XRX announced an agreement for NAVER to acquire the Xerox Research Centre Europe in Grenoble, France. The French Works Council’s consultation on this project has now been completed and the agreement is expected to close in 3Q17, subject to fulfillment of certain customary conditions.

$XRX {{ '2017-06-15T15:03:00+0000' | timeago}} • Announcement

$XRX has entered into partnerships with multi-brand equipment dealers Memphis Communication Corporation and Standard Business Systems to sell its comprehensive and connected office hardware and managed print services portfolio. The move is part of the company’s efforts to focus more on the SMB market.

$XRX {{ '2017-06-14T22:27:54+0000' | timeago}} • Announcement

$XRX's quarterly cash dividend, payable on July 31, 2017, will be $0.25 per share on its common stock. The company’s second quarter reported EPS results as well as the full-year 2017 per share guidance will be correspondingly adjusted to reflect the one-for-four reverse stock split.

$XRX {{ '2017-06-14T22:27:31+0000' | timeago}} • Announcement

$XRX has completed the reverse stock split of its common stock at a ratio of one-for-four shares, together with a proportionate reduction in the authorized shares of its common stock from 1,750,000,000 shares to 437,500,000 shares. $XRX common stock will begin trading on a split-adjusted basis on June 15, 2017.

$XRX {{ '2017-05-24T12:40:00+0000' | timeago}} • Announcement

$XRX declared a quarterly cash dividend of 6.25 cents per share. The common dividend is payable on July 31, 2017 to shareholders of record on June 30, 2017. Xerox also declared a quarterly cash dividend of $20 per share on Xerox Series B preferred stock, payable on July 1, 2017 to shareholders of record on June 15, 2017.

$XRX {{ '2017-05-24T12:37:21+0000' | timeago}} • Announcement

$XRX shareholders approved its proposed reverse stock split at a ratio of one-for-four shares, together with a proportionate reduction in the authorized shares. Xerox's implementation of the reverse stock split and authorized share reduction is anticipated to be effective on or about June 14, 2017.

$XRX {{ '2017-05-15T14:32:12+0000' | timeago}} • Announcement

Global Imaging Systems (GIS), a $XRX company, has acquired MT Business Technologies, a Mansfield, Ohio-based multi-brand dealer that provides office equipment, productivity solutions and managed print services. MT Business Technologies president Chuck Rounds will remain company president after the acquisition.

$XRX {{ '2017-04-25T15:23:51+0000' | timeago}} • Webcast

$XRX said that the company is looking at areas to cut cost where it is not going to be impacting future revenue growth. The company added that G&A is one of the areas that it has done benchmark analysis and will be an area of focus for cost cutting.

$XRX {{ '2017-04-25T11:26:08+0000' | timeago}} • Announcement

$XRX reiterated its FY17 guidance of GAAP earnings from continuing operations of $0.44-0.52 per share and adjusted EPS of $0.80-0.88 per share. The company continues to expect to generate operating cash flow from continuing operations of $700-900MM and free cash flow from continuing operations of $525-725MM in 2017.

$XRX {{ '2017-04-25T11:22:47+0000' | timeago}} • Announcement

Business services provider and copier company $XRX earnings more than halved for 1Q17, hurt by currency headwinds and revenue declines. Net income attributable to the company declined 52.94% to $16MM or $0.01 per share from $34MM or $0.03 per share a year ago. Total revenue declined 6.15% or 4.3% in constant currency YoY to $2.45Bil.

$XRX {{ '2017-04-13T15:26:26+0000' | timeago}} • Announcement

$XRX named Pete Peterson as SVP of Global Channel Strategy. As the team lead, Peterson will be responsible for revenue and profit growth, as well as leading and executing targeted investments across direct and indirect channels worldwide.

$XRX {{ '2017-03-28T14:24:10+0000' | timeago}} • Announcement

$XRX said its offer to purchase $300MM in debt and exchange an additional $300MM of existing debt for new 4.070% senior notes due March 17, 2022, expired on March 27, 2017. The initial settlement for the existing notes that were validly tendered and accepted for purchase and exchange occurred on March 17, 2017.

$XRX {{ '2017-03-14T14:32:08+0000' | timeago}} • Announcement

$XRX said that the principal amount of the existing notes validly tendered for exchange and not validly withdrawn, as on Mar 13, 2017 is about $720MM. Xerox posted this while announcing the results of its offer to purchase $300MM in debt and exchange an additional $300MM of existing debt for new notes due 2022.

$XRX {{ '2017-03-01T17:00:10+0000' | timeago}} • Announcement

Global Imaging Systems, a unit of $XRX, buys Iowa-based multi-brand dealer Laser Resources for undisclosed terms. Laser Resources CEO Bob Lashier will continue as its president, while co-owner Andy Lashier will remain executive VP.

$XRX {{ '2017-03-01T13:54:09+0000' | timeago}} • Announcement

$XRX said it plans to early redeem $300MM in debt. Additionally, the company is targeting to exchange $300MM or more of existing debt for new debt. This is consistent with $XRX's capital allocation guidance to reduce $300MM in debt above the $1Bil in senior notes coming due in 2017.

$XRX {{ '2017-02-24T20:33:04+0000' | timeago}} • Announcement

$XRX's BoD declared a quarterly cash dividend of 6.25 cents per share on its common stock. The dividend is payable on April 28, 2017 to shareholders of record on March 31, 2017.

$XRX {{ '2017-02-02T18:59:51+0000' | timeago}} • Announcement

$XRX and $EFII announced a strategic partnership to bring to market a next generation digital front end (DFE) to drive Xerox digital production presses. The agreement includes the sale of $XRX's FreeFlow Print Server (FFPS) DFE business to $EFII.

$XRX {{ '2017-01-31T16:11:49+0000' | timeago}} • Webcast

Commenting on the cost transformation, $XRX said it has exceeded cost saving target for 2016 and believes it can achieve $600MM for 2017, mainly driven by the restructuring activity.

$XRX {{ '2017-01-31T15:37:26+0000' | timeago}} • Webcast

$XRX said operating margin for 2017 is expected to be in the range of 12.5% to 13.5%. This estimate is an expansion from the 12.5% reported in 2016, driven by strategic transformation cost savings, offsetting ongoing revenue declines and the negative impact from currencies.

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