secwatch.observer — SEC 8-K summary
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Issuer:     XEROX CORP (—)
CIK:        0000108772
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001770450-24-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108772/000177045024000026/0001770450-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108772/000177045024000026/xrx-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001770450-24-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer