XRX
Xerox Holdings Corporation2.8100
+0.0600+2.18%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details memory mitigation, reaffirms outlook
Q&A largely reaffirmed prepared remarks on stabilizing print trends and 2026 guidance of $450-500M adjusted operating income, while unpacking memory price spikes' navigation via extended warranties, as-a-service models like HPE GreenLake, and supplier coordination across IT solutions and print—no elasticity yet, modest H1 print impact but H2 risks. Steve stressed one enterprise transformation office knitting reinvention, Lexmark/IT Savvy integration, and AI efficiencies. Cross-sell targets same-buyer mid-market print clients with CyberShield. Analysts flagged execution amid headwinds; management stayed bullish, qualitative. Strategy working seamlessly.
Key Stats
Market Cap
359.79MP/E (TTM)
-Basic EPS (TTM)
-7.87Dividend Yield
0.16%Recent Filings
8-K
Xerox IP JV raises $450M
Xerox formed a joint venture on February 17, 2026, contributing IP including trademarks to IPCo Holdings, which raised $405M in term loans at SOFR+812bps (5-year maturity, 4.5% amortization) and $45M Class A units from TPG-led investors. Proceeds distributed to Xerox bolster liquidity for Reinvention and debt management, while a 10-year royalty-free license with 2% royalty on branded revenue secures ongoing brand use. Lenders gain IP collateral; Xerox retains control but risks license termination on default.
8-K
Xerox distributes deleveraging warrants
Xerox distributed warrants to purchase common stock at $8.00 per share to holders of record as of February 9, 2026—one warrant per two shares—on February 12, 2026, exercisable in cash or designated notes until February 11, 2028. Warrants trade as XRXDW starting February 13. This bolsters liquidity. Yet deleveraging hinges on exercises.
8-K
Xerox Q4 revenue up, pro forma down
Xerox reported Q4 2025 revenue of $2.03B, up 25.7% from Lexmark acquisition on July 1, 2025, yet pro forma down 9.0% amid macro headwinds and rising memory costs. Adjusted operating margin slipped to 5.0%, 140 bps lower year-over-year. Lexmark synergies ahead of $300M target. 2026 guides revenue above $7.5B, adjusted op income $450-500M.
8-K
Xerox warrant dividend declared
Xerox declared a pro-rata warrant dividend on January 28, 2026, distributing one warrant for every two common shares to record holders on February 9, with delivery around February 11. Warrants carry an $8.00 exercise price, expire in two years or earlier if stock hits triggers, and allow exercise via cash or designated debt notes. Full exercise with notes cuts debt by ~$600 million. Warrants enhance deleveraging yet risk expiring worthless.
8-K
Xerox seals $1.5B Lexmark deal
Xerox completed its $1.5B acquisition of Lexmark on July 1, 2025, from Ninestar and others, filing Lexmark's Q2 financials showing $517M revenue yet a $32M net loss from elevated SG&A. Pro forma data blends results, revealing added amortization and financing costs. Debt refinanced at closing. Integration now drives value.
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