Xerox Q1 revenue falls 12.4% to $1.50B; GAAP net loss $0.94 per share

XEROX CORP

GAAP net loss of $(113)M, $(0.94) per share; adjusted EPS $0.06, down 87.8% YoY.
Revenue $1.50B, down 12.4% (13.2% CC); Print and Other down 12.6%, XFS down 10.8%.
Adjusted operating margin 2.2%, 470 bps lower; operating cash flow $(79)M, FCF $(89)M.
Includes $100M after-tax restructuring charges ($0.80 per share) related to Reinvention plan.
CEO says results below expectations but confident in operating model changes and targets.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

XEROX CORP reported first quarter 2024 results: revenue $1.50 billion, net income GAAP net loss of $(113) million, or $(0.94) per share.

Period: first quarter 2024
Revenue: $1.50 billion
Net income: GAAP net loss of $(113) million, or $(0.94) per share
Result: reported results

Exact text from the filing

Results 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,

View on SEC.gov

499 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0001770450-24-000026

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.