Xerox reports Q3 adjusted EPS 20c, consensus (18c)

Reports Q3 revenue $1.96B, consensus $2.04B. “While continued macro volatility and near-term uncertainties on government funding decisions weighed on transactional print this quarter, consistent page volume trends and strong IT Solutions momentum reinforce our confidence that Reinvention will deliver durable productivity and long-term value. We are accelerating that work from a solid foundation established by the Lexmark acquisition and the expansion of our IT Solutions capabilities,” said CEO Steve Bandrowczak. “The combined Xerox (XRX) and Lexmark team is aligning go-to-market structure, blending complementary portfolios, and standardizing operating processes to deliver broader solutions and deeper value. Through this work, we’ve identified meaningful incremental value-with cost synergies now forecasted to be at least $300M.”