Welcome to our dedicated page for Xerox Holdings Corporation news (Ticker: XRX), a resource for investors and traders seeking the latest updates and insights on Xerox Holdings Corporation stock.
Xerox Holdings Corporation (symbol: XRX) is a formidable player in the realm of imaging, business process, analytics, automation, and user-centric insights. Its sagacious engineering of work processes contributes to enhanced productivity, efficiency, and personalization for its clients. Xerox operates in over 180 countries, employing more than 130,000 individuals who drive meaningful innovations and deliver business process services, printing equipment, software, and solutions that significantly impact clients and their customers.
Xerox's core business focuses on the design, development, and sale of printing technology and related solutions. The company is recognized as an Original Equipment Manufacturer (OEM) of multifunction printers (MFPs) which include features like printing, copying, and scanning, primarily targeting large enterprise markets. Post-sales services, such as managed print services, offer clients smart servicing and operational efficiencies for their printing and copying needs.
While Xerox extensively serves the U.S. market, deriving 60% of its revenue domestically and 40% internationally, it is ambitiously breaking new grounds in sectors like digital print packaging solutions and printed electronics. This diversification aims to bolster Xerox’s market presence and revenue streams in burgeoning industries.
Recent achievements highlight Xerox's relentless pursuit of innovation and adaptability. The company’s ongoing projects and partnerships highlight its commitment to providing cutting-edge technology and solutions to meet the evolving demands of businesses worldwide.
For detailed updates on Xerox's latest performance, events, and developments, visit our news section below.
Xerox Holdings Corporation (NASDAQ: XRX) declared a quarterly dividend of $0.25 per share on its Common Stock, payable on August 1, 2022, to shareholders of record on June 30, 2022.
Additionally, the company announced a quarterly dividend of $20 per share on its Series A Convertible Perpetual Preferred Stock, payable on July 1, 2022, to shareholders of record on June 15, 2022.
Xerox Holdings Corporation (NASDAQ: XRX) will participate in two upcoming investor events. The first is Morgan Stanley’s Sustainable Futures Conference on May 23, 2022, at 1:15 p.m. EDT, featuring Michele Cahn and David Beckel. This will be a virtual event, accessible via their investor page.
The second event, J.P. Morgan's Global Technology, Media and Communications Conference, is scheduled for May 24, 2022, at 11:30 a.m. EDT, held in-person at The Westin Boston Seaport District. It will include presentations from Xavier Heiss, Louie Pastor, and David Beckel.
Xerox has secured a $164 million contract from the U.S. Department of Agriculture (USDA) for a duration of 10 years. This agreement expands on a previous contract established in 2016 and includes Managed Print Services and Electronic Fax Services. The deal encompasses the deployment of up to 16,000 Xerox ConnectKey devices across over 3,500 offices, supporting more than 100,000 employees. The partnership aims to enhance print management, file security, and support mobile workforces while driving cost savings.
Xerox has installed its ElemX 3D printer at the Rochester Institute of Technology (RIT) to enhance research in aerospace applications. This collaboration aims to advance metal 3D printing technologies. The ElemX printer promotes safety by eliminating hazardous powders and supporting low-volume production. Both Xerox and RIT have a long-standing partnership in additive manufacturing, with the installation anticipated to boost scalability and innovation. This installation follows previous collaborations with Naval Postgraduate School and Oak Ridge National Laboratory, further establishing Xerox's presence in the additive manufacturing sector.
Xerox Holdings Corporation (NASDAQ: XRX) reported Q1 2022 results revealing a 2.5% decline in revenue to $1.67 billion year-over-year, with GAAP EPS reflecting a loss of $(0.38). The company faced operating losses due to inflation and increased logistics costs, leading to a pre-tax margin of (5.3)%. Despite challenges, Xerox noted a growing backlog and continued strong demand for its products. The company maintains its guidance of at least $7.1 billion in revenue for 2022, expecting improvements in supply chain dynamics.
Xerox Holdings Corporation (NASDAQ: XRX) will conduct a live audio webcast on April 21, 2022, at 8 a.m. ET, to discuss its 2022 first-quarter results. A news release with the relevant information will precede this event at 6:30 a.m. ET. Key executives including John Visentin, CEO, and Xavier Heiss, CFO, will be presenting. The webcast will be accessible via links provided in the announcement.
Xerox Elem Additive Solutions has announced a collaboration with Siemens to enhance metal additive manufacturing capabilities. Siemens has acquired an ElemX metal 3D printer for its Charlotte Advanced Technology Collaboration Hub (CATCH). This partnership aims to advance innovation in industrial additive manufacturing, focusing on software, materials, and automation. The ElemX printer is noted for its cost-effective aluminum wire use, minimal operational modifications, and reduced post-processing times, supporting sectors like aerospace and defense.
Xerox Elem Additive Solutions has installed a Xerox ElemX 3D metal printer at Oak Ridge National Laboratory's Manufacturing Demonstration Facility to enhance metal additive manufacturing (AM) technologies. The ElemX utilizes cost-effective aluminum wire, minimizing the need for post-processing and facility modifications. This collaboration aims to refine liquid metal AM technology to improve supply chain resilience across sectors like aerospace and defense. The project focuses on simplifying the integration of AM technologies into existing manufacturing systems.
PARC, a Xerox company, has launched Novity™, a predictive maintenance technology aimed at reducing unplanned downtime in manufacturing. This technology leverages sensors and machine learning to predict equipment failures with up to 90% accuracy, potentially saving the manufacturing industry an estimated $50 billion annually. The solution is designed to be user-friendly, requiring less historical data than current offerings. Pennsy Supply has already reported positive results from a pilot deployment, highlighting its effectiveness in preventing costly downtimes.
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