4 - Xerox Holdings Corp (0001770450) (Issuer)

4 - Xerox Holdings Corp (0001770450) (Issuer)

4 - Xerox Holdings Corp (0001770450) (Issuer)

4 - Xerox Holdings Corp (0001770450) (Issuer)

4 - Xerox Holdings Corp (0001770450) (Issuer)

4 - Xerox Holdings Corp (0001770450) (Issuer)

4 - Xerox Holdings Corp (0001770450) (Issuer)

4 - Xerox Holdings Corp (0001770450) (Issuer)

4 - Xerox Holdings Corp (0001770450) (Issuer)

4 - Xerox Holdings Corp (0001770450) (Issuer)

Xerox Holdings Corporation (NASDAQ:XRX) today announced it has agreed to acquire ITsavvy, an Oak Brook, Illinois-based provider of integrated IT products and associated services, for $400 million consisting of a $180 million cash payment and secured promissory notes totaling $220 million, subject to certain customary pre- and post-closing adjustments and escrow arrangements. The transaction is expected to close during the fourth quarter of 2024 and remains subject to merger clearance control. ITsavvy is a portfolio company of GenNx360 Capital Partners, a New York-based private equity firm. "As part of our Reinvention we have created a greater organizational focus on our emerging IT Service

Collaboration aims to deliver advanced digital embellishment capabilities to clients Xerox Holdings Corporation (NASDAQ:XRX) and Taktiful Software Solutions today announced the intent to form a new strategic partnership to extend their presence in the digital embellishment market. This new alliance will build upon a foundation of successful collaboration, leveraging Xerox industry-leading digital printing technology and expansive market reach alongside Taktiful's AI-powered digital embellishment solutions and focus on client-specific empowerment. It will mark a significant step forward in delivering extraordinary production print enhancement capabilities and maximizing business developmen

Xerox Holdings Corporation (NASDAQ:XRX) today announced the election of six new members to the Company's Board of Directors at its Annual Meeting of Shareholders. The new members bring deep technology, product, and operations expertise to further Xerox's Reinvention objective of becoming a services-led, software-enabled organization positioned for sustainable, long-term growth. The newly elected Directors are as follows: John Bruno, President and Chief Operating Officer, Xerox Tami Erwin, former Executive Vice President and Group CEO, Verizon Business Group Priscilla Hung, former President & Chief Operating Officer, Guidewire Software Edward McLaughlin, President & Chief Techn

Xerox Holdings Corporation (NASDAQ:XRX) today announced the appointment of John Bruno as President and Chief Operating Officer. Bruno joins the team following Steven Bandrowczak's promotion to Chief Executive Officer earlier this year. In this role, John will partner closely with the CEO and leadership team to shape the company's global strategy and will be accountable for operating model advancements to improve company performance. He will also oversee global offerings, service delivery, marketing, manufacturing, supply chain, procurement, information technology, and Xerox's IT services business unit. "John brings decades of business, technology, and operations leadership experience at Fo

Xerox Holdings Corporation (NASDAQ:XRX) announced today it has appointed Fred Beljaars as Executive Vice President and Chief Delivery and Supply Chain Officer. Beljaars assumes the position following the departure of Mary McHugh earlier this month. In this newly expanded role, Beljaars is responsible for leading all delivery, manufacturing, supply chain, and procurement operations globally and will focus on continuing to transform these missions to become more client-centric and strategic drivers for Xerox's success. "Given ongoing inflationary pressures encumbering nearly every industry, we are focused on evolving our operations to directly improve customer outcomes," said Steve Bandrowcz

Xerox Holdings Corporation (NASDAQ:XRX) today announced its Board of Directors has appointed Steven Bandrowczak as Chief Executive Officer. Steve joined Xerox in 2018 as the company's President and Chief Operations Officer, and has served as Interim CEO since the passing of John Visentin in June 2022. As President and COO, Steve was responsible for developing and executing a global operations strategy for Xerox's Software and Innovation businesses, as well as the company's business support functions, including business strategy, product and service delivery, customer billing, and information technology. Steve was also president of Xerox Holdings Corporation and served as CareAR's Chairman.

Xerox Holdings Corporation (NASDAQ:XRX) today announced Philip Giordano has been appointed to its board of directors. "Xerox is pleased to announce the addition of Philip Giordano to our Board of Directors," said James Nelson, Chairman of Xerox's Board of Directors. "His depth of experience as a value investor will support our corporate strategy in the years to come. We look forward to the insights and perspective he will provide." Giordano is the Founder and Chief Investment Officer of Livello Capital Management, a registered investment advisor. He previously held senior positions at Goldman Sachs and Deutsche Bank, where he invested across sectors and capital structures following a rigo

NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NYSE: XRX), a global workplace technology company, announced Jacques-Edouard Gueden as executive vice president and president of Europe, Middle East & Africa (EMEA) Operations, a role he has filled on an interim basis since the end of September. He reports to John Visentin, Xerox vice chairman and CEO. “Jacques-Edouard will be responsible for Xerox’s go-to-market teams across EMEA to bring Xerox’s full portfolio of products, services and software to new and existing clients and partners,” said Visentin. “His deep knowledge of what clients need and long-term relationships across the region position him well to drive perfor

NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NYSE: XRX), a global workplace technology company, announced Xavier Heiss as chief financial officer, a role he’s filled on an interim basis since the end of September. He reports to John Visentin, Xerox vice chairman and chief executive officer. “Xavier combines a deep understanding of the financials with a clear vision for renewing Xerox’s growth,” said Visentin. “His well-established relationships across the business and with global customers position him well to help speed our transformation at a critical time in the company’s history.” Heiss, a 32-year company veteran, has served in various leadership positions in f

Company advances Reinvention; guides to growth in revenue and profits for 2025 Financial Summary Q4 2024 Revenue of $1.61 billion, down 8.6 percent, or 8.0 percent in constant currency. GAAP net (loss) of $(21) million, or $(0.20) per share, an improvement of $37 million or $0.30 per share, year-over-year, respectively. Adjusted net income of $49 million, or $0.36 per share, down $7 million or $0.07 per share, year-over-year, respectively. Adjusted operating margin of 6.4 percent, up 100 basis points year-over-year. Operating cash flow of $351 million, down $38 million year-over-year. Free cash flow of $334 million, down $45 million year-over-year. FY 2024 Revenu

Transaction between printing industry icons is expected to close in second half of 2025 Xerox Holdings Corporation (NASDAQ:XRX) today announced it has agreed to acquire Lexmark International, Inc., from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre in a deal valued at $1.5 billion, inclusive of assumed liabilities. This acquisition will strengthen the Xerox core print portfolio and build a broader global print and managed print services business better suited to meet the evolving needs of clients in the hybrid workplace. "Our acquisition of Lexmark will bring together two industry-leading companies with shared values, complementary strengths, and a deep c

Xerox Holdings Corporation (NASDAQ:XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on January 31, 2025, to shareholders of record on December 31, 2024. The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on January 2, 2025, to shareholders of record on December 16, 2024. About Xerox Holdings Corporation (NASDAQ:XRX) For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and productio

Reinvention drives increased profitability despite a challenging quarter for equipment sales; pending acquisition of ITsavvy to improve revenue mix from higher growth businesses Financial Summary Q3 2024 Revenue of $1.53 billion, down 7.5 percent, or 7.3 percent in constant currency. GAAP net (loss) of $(1.2) billion, or $(9.71) per share, a decrease of $1.3 billion or $9.99 per share, year-over-year, respectively. This quarter includes an after-tax non-cash goodwill impairment charge of $1.0 billion, or $8.16 per share and a charge to tax expense related to the establishment of a valuation allowance of $161 million, or $1.29 per share. Adjusted net income of $34 million, or $0.25

Xerox Holdings Corporation (NASDAQ:XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on October 31, 2024, to shareholders of record on September 30, 2024. The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on October 1, 2024 to shareholders of record on September 15, 2024. About Xerox Holdings Corporation (NASDAQ:XRX) For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and produ

Reinvention drives sequential operating and financial improvements in Q2; Company revises full-year outlook, reiterates three-year adjusted operating income improvement target Financial Summary Q2 2024 Revenue of $1.58 billion, down 10 percent, or 9.6 percent in constant currency. GAAP net income of $18 million, or $0.11 per share, up $79 million or $0.52 per share, year-over-year, respectively. Adjusted net income of $41 million, or $0.29 per share, down $31 million or $0.15 per share, year-over-year, respectively. Adjusted operating margin of 5.4 percent, down 70 basis points year-over-year. Operating cash flow of $123 million, up $28 million year-over-year. Free cas

Xerox Holdings Corporation (NASDAQ:XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on July 31, 2024, to shareholders of record on June 28, 2024. The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on July 1, 2024, to shareholders of record on June 15, 2024. About Xerox Holdings Corporation (NASDAQ:XRX) For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print tec

Implemented comprehensive changes to operating model; on track to meet Reinvention targets despite a challenging first quarter Financial Summary Q1 2024 Revenue of $1.50 billion, down 12.4 percent, or 13.2 percent in constant currency. GAAP net loss of $(113) million, or $(0.94) per share, a decrease of $184 million or $1.37 per share, year-over-year, respectively. This quarter includes after-tax Project Reinvention related charges of $100 million, or $0.80 per share. Adjusted net income of $11 million, or $0.06 per share, declined by $71 million or $0.43 per share, year-over-year, respectively. Adjusted operating margin of 2.2 percent, 470 basis points lower year-over-year.

Xerox Holdings Corporation (NASDAQ:XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on April 30, 2024, to shareholders of record on March 29, 2024. The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on April 1, 2024, to shareholders of record on March 15, 2024. About Xerox Holdings Corporation (NASDAQ:XRX) For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print

Miller and Nominees Are Committed To Restoring Urgency, Operational Excellence and Shareholder Confidence in Crown Castle Miller and Nominees Bring a Detailed Plan for Optimizing Crown Castle's Fiber Assets, and Materially Improving Operations, Go-To-Market Strategy and Customer Innovation Strategic Plan Financial Targets: AFFO After Discretionary Capex of $2.2 Billion by 2025 Drive EBITDA Margin Per Tower From 70% Toward 75-80%, In Line With Crown Castle's Peers American Tower and SBA A Highly Sustainable Dividend Policy To Build Long-Term Value Annual Interest Cost Savings of $330 Million – In Excess of Expected Churn Costs from Expiring Sprint Contract A Target Share Price of $150-$160 Ba

Citigroup initiated coverage of Xerox with a rating of Sell and set a new price target of $11.00

Credit Suisse initiated coverage of Xerox with a rating of Underperform and set a new price target of $14.00

Morgan Stanley initiated coverage of Xerox Holdings with a rating of Underweight and set a new price target of $17.00

Morgan Stanley downgraded Xerox from Equal-Weight to Underweight and set a new price target of $18.00

Morgan Stanley reiterated coverage of Xerox Holdings with a rating of Equal-Weight and set a new price target of $20.00 from $22.00 previously

Credit Suisse downgraded Xerox Holdings from Outperform to Neutral and set a new price target of $20.00 from $23.00 previously

Credit Suisse Group downgraded Xerox from Outperform to Neutral

Morgan Stanley reiterated coverage of Xerox Holdings with a rating of Equal-Weight and set a new price target of $22 from $24 previously