$XRX (Xerox Corporation)

$XRX {{ '2016-07-29T11:42:55+0000' | timeago}} • Announcement

$XRX said it made continued progress on 3-year strategic transformation program to deliver $2.4Bil in total cost savings from ongoing and incremental productivity and cost reduction initiatives. $XRX is on track to realize about $700MM in annualized savings it targeted for 2016. Estimated restructuring charges continue to be about $300MM for 2016.

$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.

$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.

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