$XRX (Xerox Corporation)

$XRX {{ '2015-07-24T15:04:49+0000' | timeago}} • Webcast

$XRX 2Q15 Call: Total revenue in quarter was down 7% at actual currency & 3% at constant currency. Both in services were more than offset by declines in document technology, which accelerated modestly driven by continued weakness in developing markets. Negative currency impact of 4 points on top line was consistent with our expectation

$XRX {{ '2018-01-19T17:33:21+0000' | timeago}} • Announcement

$XRX said Dan Cooper will lead Global Imaging Systems (GIS), a $XRX company. Cooper will report to Mike Feldman, president, North America Operations, Xerox, and is replacing Tom Salierno who is retiring in April.

$XRX {{ '2017-12-11T17:26:34+0000' | timeago}} • Announcement

$XRX announced that Jonathan Christodoro, former MD of Icahn Capital LP, resigned from the Xerox BoD. The standstill arrangement between Xerox and the Icahn Group entered into on June 27, 2016 was terminated, and Xerox received notice from  Icahn Group of its nomination of four director candidates to stand for election at the 2018 Annual Meeting.

$XRX {{ '2017-11-06T19:43:55+0000' | timeago}} • Announcement

Global Imaging Systems (GIS), a $XRX company, acquired G-Five Inc., a Carolinas-based multi-brand solutions dealer that provides office equipment and print services in North and South Carolina.

$XRX {{ '2017-10-26T17:45:31+0000' | timeago}} • Infographic

$XRX Xerox Earnings AlphaGraphic: Q3 2017 Highlights

$XRX {{ '2017-10-26T13:02:17+0000' | timeago}} • Announcement

$XRX updated its FY17 guidance of GAAP EPS from continuing operations to $1.97-2.13 and adjusted EPS to $3.28-3.44. Operating cash flow from continuing operations for the year is now expected between -$50MM and $150MM.

$XRX {{ '2017-10-26T12:59:31+0000' | timeago}} • Announcement

$XRX, the brand that is synonymous with photocopying in most parts of the world, delivered 3Q17 GAAP earnings per share from continuing operations of $0.65, up 1.5% year-over-year despite the slip in revenue.

$XRX {{ '2017-10-26T12:57:43+0000' | timeago}} • Announcement

In 3Q17, $XRX saw total revenue slip 5% to $2.5Bil sending net attributable income down 2% to $179MM or $0.68 per diluted share.

$XRX {{ '2017-10-18T13:17:47+0000' | timeago}} • Announcement

$XRX's BoD declared a quarterly cash dividend of $0.25 per share on its common stock. The dividend is payable on Jan. 31, 2018 to shareholders of record on Dec. 29, 2017.

$XRX {{ '2017-09-08T11:00:33+0000' | timeago}} • Announcement

$XRX has priced $1Bil of its 3.625% senior unsecured notes due in 2023. Xerox intends to use the proceeds from the offering for general corporate purposes. The offering is expected to close on September 11, 2017. The company also lowered its FY17 cash flow outlook to the range of $200MM to $400MM from the earlier forecast of $700-$900MM.

$XRX {{ '2017-08-28T15:27:51+0000' | timeago}} • Announcement

TUI Total Solutions, Florida-based print solutions provider and $XRX channel partner, has inked equipment and services deals with racing industry titans International Speedway Corporation (ISC) and NASCAR. It will equip ISC and NASCAR with more than 60 of Xerox’s new generation of devices. Financial details are under wraps.

$XRX {{ '2017-08-02T18:10:41+0000' | timeago}} • Webcast

At current rates in transaction currency, $XRX sees more moderate impact in 2H17, especially in 4Q, in operating margins. Overall, $XRX anticipates continued strong margins in 3Q, although seasonally, 3Q is not as strong as what will be in 4Q, where typically margins peak. For the year, $XRX still sees adjusted operating margin of 12.5-13.5%.

$XRX {{ '2017-08-02T18:09:44+0000' | timeago}} • Webcast

In 2Q17, $XRX's Managed Document Services was 32% of its revenues and was down 6% in actual currency and 3.9% in constant currency. Declines are driven by the more mature large enterprise segment of the market as SMB-focused channels, Xerox Partner Print Services and GIS, which comprise almost 25% of MDS revenues, were growing mid-single digits.

$XRX {{ '2017-08-01T12:15:49+0000' | timeago}} • Announcement

$XRX narrowed its FY17 GAAP EPS from continuing operations guidance to $1.84-2.08 and its adjusted EPS outlook to $3.20-3.44. Previously, the company had expected GAAP EPS, before one-for-four reverse stock split, of $0.44-0.52 and adjusted EPS of $0.80-0.88. $XRX still sees 2017 operating cash flow of $700-900MM and free cash flow of $525-725MM.

$XRX {{ '2017-08-01T12:09:44+0000' | timeago}} • Announcement

$XRX reported a drop in 2Q17 earnings from continuing operations reflecting its one-for-four reverse stock split. Income from continuing operations fell to $170MM or $0.63 per share from $199MM or $0.75 per share last year. Revenue declined 8% to $2.6Bil, on lower equipment sales. Adjusted EPS dropped 11% to $0.87.

$XRX {{ '2017-08-01T11:49:53+0000' | timeago}} • Infographic

$XRX Xerox Earnings AlphaGraphic: Q2 2017 Highlights

$XRX {{ '2017-07-20T15:14:49+0000' | timeago}} • Announcement

$XRX declared a quarterly cash dividend of $20 per share on its Series B Convertible Perpetual Preferred Stock, payable on October 1, 2017 to shareholders of record on September 15, 2017.

$XRX {{ '2017-07-20T15:14:33+0000' | timeago}} • Announcement

$XRX declared a quarterly cash dividend of $0.25 per share on its common stock. The dividend reflects the one-for-four reverse stock split that became effective on June 14, 2017, and is payable on October 31, 2017 to shareholders of record on September 29, 2017.

$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.

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