Xerox Corp. (XRX) Misses Q1 EPS by 25c; Offers 2022 Revenue Guidance

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Go back to Xerox Corp. (XRX) Misses Q1 EPS by 25c; Offers 2022 Revenue Guidance

Xerox Releases First-Quarter Results

April 21, 2022 6:30 AM EDT

Company sees improving page volumes and record backlog; profits impacted by rising costs

Financial Summary

$1.67 billion of revenue, down 2.5 percent year-over-year or 0.7 percent in constant currency. GAAP (loss) earnings per share (EPS) of $(0.38), down $0.56 year-over-year, and adjusted (loss) per share of $(0.12), down $0.34 year-over-year. Pre-tax margin of (5.3) percent, down 840 basis points, and adjusted operating margin of (0.2) percent, down 540 basis points year-over-year. $66 million of operating cash flow, down $51 million year-over-year. $50 million of free cash flow, down $50 million year-over-year.

NORWALK, Conn.--(BUSINESS... More