Xerox reports Q4 adjusted EPS 36c, consensus 49c

Reports Q4 revenue $1.61B, consensus $1.58B. “2024 was a critical year as we implemented a new operating model and structural process improvements to position Xerox (XRX) for long-term, sustainable growth,” said CEO Steve Bandrowczak. “We continue to see steady progress in our Reinvention, reflecting the resilience of our team and initiatives taken to-date. In 2025, we expect to build on changes made in 2024 in order to focus on executing our Reinvention strategy, realizing the benefits of the ITsavvy and pending Lexmark acquisitions, and strengthening our balance sheet.”