Xerox Releases First-Quarter Results

Xerox Holdings Corporation (NASDAQ: XRX) today announced its 2023 first-quarter results.

“Our team delivered another quarter of strong performance while remaining laser-focused on our three strategic priorities for 2023: client success, profitability, and shareholder returns,” said Steve Bandrowczak, chief executive officer at Xerox. “Despite a challenging macroeconomic climate, demand for our equipment and services remains resilient and is supported by service offerings that help our clients mitigate current macro headwinds like higher inflation, labor shortages, and tighter liquidity conditions. Further, the benefits of a more flexible cost base and ongoing operational efficiencies helped drive improvements in profitability in the first quarter.”

Q1 2023
• Revenue of $1.72 billion, up 2.8 percent year-over-year or up 5.5 percent in constant currency.
• Operating cash flow of $78 million, up $12 million year-over-year.
• Donated Palo Alto Research Center (PARC) to SRI International in April, providing Xerox greater capacity to pursue innovation projects in Print, IT, and Digital Services.
• Repaid $450 million of debt during the quarter.
details at: https://s3.amazonaws.com/cms.ipressroom.com/84/files/20233/1Q2023-XRX-Earnings-Release.pdf

Related Posts

Nahan Takes Home Best of Category at 2021 PIM Star Awards

Nahan has received a Best of Category award win at the 2021 Star Awards, hosted by Printing Industry Midwest (PIM). The Star Awards is an annual five-state print competition that recognizes excellence in print quality in the printing, communication, and graphic arts industries. Nahan was proud to receive the award for Best of Category – Booklets, which is the highest award a printer can receive in this category, for a mailer produced for an international natural fragrances company. Nahan also received four Awards of Recognition in the Booklet, Product/Service Catalog, and Consumer Promotional Campaigns categories, and three Certificates of Merit. It was also an honor to have our very own, Aaron Weekes, Director of Technology and Service Operations, speak at the event on behalf of the PIM Diversity, Equity, & Inclusion (DE&I) Program. This program is a “coalition of graphic communications companies and professionals. The coalition works to solve the racial inequities in our industry and to promote diverse, equitable, and inclusive workplace”.

Syracuse Label, Macaran Printed Products and W.N. Van Alstine Announce Merger (labelandnarrowweb.com)

Syracuse Label & Surround Printing, Macaran Printed Products and W.N. Van Alstine, have announced that their respective boards of directors have approved a merger agreement. According to the companies, the new organization will provide enhanced development and manufacturing capabilities, incorporating state-of-the-art label technologies along with improved economies of scale. The new business will be led by industry veterans Nick Van Alstine (Macaran / Van Alstine) and Kathy Alaimo (Syracuse) operating as co-CEOs, with Tom Sargent as president. The merger brings together three strong, industry leading label and packaging companies who share common cultures, common cause and common goals. Both companies are 100% employee-owned each with rich corporate legacies.

2021 Innovator of the Year: Heeter Adapts to Customer Needs (piworld.com)

In today’s printing industry, the concept of innovation is wide in definition, but rather narrow in its goal. Leading companies have grasped many tools to define themselves, increase profitability, and differentiate. They utilize new technologies, systems integration, an expanded product mix, exemplary customer service, and more. As a group, the eight companies included in the 2021 class of Printing Impressions’ Innovators of the Year demonstrate new approaches that can move printing businesses forward and possess strong insight into where the industry is going. Even amid the challenges presented by the COVID-19 pandemic, these companies succeed, grow, focus, and inspire. This year’s innovators were nominated by a group of printing industry experts and consultants, who identified them as notables. The summary of Heeter that follows shares what makes theis company innovative, interesting, and exceptional. The insight it presents may provide the inspiration you need to take your company to a new level, or in a new direction. read the full article at: https://www.piworld.com/article/2021-innovator-year-heeter-customer-achieve-roi/
Back To Top
×Close search
Search