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Xerox Holdings Corporation - XRX STOCK NEWS

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.

News

Xerox Holdings Corporation Announces Pricing of Upsized Senior Notes Offering

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Xerox Holdings Corporation announces the pricing of $500 million Senior Notes offering to refinance existing debt and pay related expenses. The offering size was increased by $100 million, with expected closing on March 20, 2024.
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Xerox Holdings Corporation Announces Proposed Convertible Notes Offering

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Xerox Holdings Corporation (XRX) plans to offer $300 million in convertible senior notes to qualified institutional buyers. The net proceeds will be used for capped call transactions and to refinance existing senior notes. The Notes will mature on March 15, 2030, and will be convertible into cash, stock, or a combination. The Company expects to enter capped call transactions to reduce potential dilution to common stock.
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Xerox Holdings Corporation Announces Increase in Maximum Tender Cap for 5.000% Senior Notes Due 2025

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Xerox Holdings Corporation (XRX) has increased the maximum principal amount for repurchasing its 5.000% Senior Notes due 2025 from $94 million to $362 million under its cash tender offer. The terms for the 2024 Notes Tender Offer remain unchanged. Citigroup Global Markets Inc. is the dealer manager for the Tender Offers.
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Keypoint Intelligence Recognizes Xerox with BLI 2024 Smart Workplace Software Line of the Year Award

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Xerox Holdings Corporation (NASDAQ: XRX) has been recognized by Keypoint Intelligence for its Intelligent Document Processing and workflow automation solutions for the sixth consecutive year.
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Xerox Holdings Corporation Announces Offering of Senior Unsecured Notes

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Xerox Holdings Corporation (XRX) announces offering of up to $400 million in Senior Notes due 2029 to refinance existing debt. The Notes will be guaranteed by Xerox Corporation and its subsidiaries. The company plans to use the proceeds for debt refinancing and related expenses.
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Xerox Announces Tender Offers for 2024 Notes and 2025 Notes

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Xerox Holdings Corporation initiates tender offers to purchase debt securities issued by Xerox Corporation, along with new Senior Notes due 2029. The offers include 3.800% senior notes due 2024 and 5.000% senior notes due 2025, with specific terms and conditions. The Tender Offers will expire on April 1, 2024, with various payment dates based on tender dates. The Offer to Purchase provides detailed information for interested investors.
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Xerox Holdings Corporation Declares Dividend on Common and Preferred Stock

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Xerox Holdings Corporation (XRX) announced a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock and $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock.
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Xerox Announces New Solutions to Advance Productive Hybrid Work Environments and Simplify IT Efforts

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Xerox Holdings Corporation (NASDAQ: XRX) announced new solutions and services designed to accelerate digital transformation, productivity, and security in the hybrid workplace. The updates include a total refresh of A4 printers and MFPs, an intelligent scanning app leveraging AI, and a platform to transform paper and digital documents. The company has also made key enhancements to Xerox® Managed Print Services (MPS), including cloud-native printer fleet maintenance and supplies management, automated driver deployment, and fleet security management updates.
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Xerox Releases Fourth-Quarter and Full-Year Results

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Xerox Holdings Corporation (NASDAQ: XRX) announced its 2023 fourth-quarter and full-year results and guidance for 2024. The company achieved adjusted operating margin and free cash flow guidance in 2023 and is guiding to another year of meaningful growth in adjusted operating income. The Q4 2023 revenue was $1.77 billion, down 9.1 percent year-over-year. GAAP net loss was $(58) million, or $(0.50) per share. Adjusted net income was $56 million, or $0.43 per share. FY 2023 revenue was $6.89 billion, down 3.1 percent year-over-year. Adjusted net income was $287 million, or $1.82 per share. Xerox expects a decline of 3% to 5% in constant currency revenue for 2024 with an adjusted operating margin of at least 7.5% and free cash flow of at least $600 million.
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Xerox Holdings Corporation Plans Webcast to Discuss 2023 Fourth-Quarter and Full-Year Results

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Xerox Holdings Corporation (NASDAQ: XRX) will host a live audio webcast to discuss the company’s 2023 fourth-quarter and full-year results. The webcast will feature Steve Bandrowczak, CEO, John Bruno, President and COO, and Xavier Heiss, CFO. The news release will be issued at 6:30 a.m. ET on Thursday, January 25th, 2024, with the webcast scheduled for 8 a.m. ET on the same day.
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FAQ

What is the current stock price of Xerox Holdings Corporation (XRX)?

The current stock price of Xerox Holdings Corporation (XRX) is $9.04 as of November 22, 2024.

What is the market cap of Xerox Holdings Corporation (XRX)?

The market cap of Xerox Holdings Corporation (XRX) is approximately 1.1B.

What services and products does Xerox Holdings Corporation offer?

Xerox provides business process services, printing equipment, software, and solutions. They are known for multifunction printers and managed print services.

What is the primary market focus of Xerox?

Xerox primarily targets large enterprise markets with its multifunction printers and related post-sales services.

How does Xerox contribute to productivity and efficiency?

Through its expertise in imaging, business process, analytics, and automation, Xerox engineers the flow of work to enhance productivity, efficiency, and personalization.

In how many countries does Xerox operate?

Xerox operates in over 180 countries worldwide.

What percentage of Xerox's revenue comes from international markets?

Xerox derives 40% of its revenue from international markets.

What new markets is Xerox attempting to enter?

Xerox is exploring new markets such as digital print packaging solutions and printed electronics.

How many employees does Xerox have?

Xerox employs more than 130,000 individuals globally.

What are multifunction printers (MFPs)?

Multifunction printers (MFPs) are devices that can print, copy, and scan, designed to enhance office efficiency.

What are managed print services?

Managed print services are post-sales services that optimize the use and servicing of print/copy equipment to improve efficiency and reduce costs.

Where can I find the latest updates on Xerox?

You can find the latest updates on Xerox's performance, events, and developments in the news section of this website.

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Xerox Holdings Corporation

Nasdaq:XRX

XRX Rankings

#2456 Ranked by Market Cap
#134 Ranked by Dividends

XRX Stock Data

1.14B
115.16M
7.29%
91.92%
12.3%
Information Technology Services
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