Xerox Holdings Corporation (XRX)

In April 2025, Xerox announced plans for a webcast to discuss its first-quarter results, which were released on May 1, 2025, and held its Annual Meeting of Shareholders on May 21, 2025. In May, Xerox updated its capital allocation policy ahead of the Lexmark acquisition and unveiled its post-Lexmark acquisition leadership team. The Lexmark acquisition was completed on July 1, 2025, to expand Xerox's global footprint and strengthen its service capabilities. Xerox released its second-quarter results on July 31, 2025, which showed flat revenue year-on-year but beat Wall Street's estimates, largely due to the Lexmark acquisition; however, the full-year guidance for operating margin and free cash flow was lowered. The company also declared a dividend on common and preferred stock on August 6, 2025. In August, Xerox announced a President & COO transition, with John Bruno departing and Louie Pastor succeeding him, and S&P Global Ratings downgraded Xerox Holdings Corp. to 'B' from 'B+' on August 29, 2025, citing weaker free cash flows. September saw the introduction of the new Xerox® IJP900 Press. In October 2025, Xerox showcased industry-leading innovations at the PRINTING United Expo, introducing the new Xerox® Proficio™ Production Series digital presses. Xerox is scheduled to discuss its third-quarter 2025 results on October 30, 2025. The company's share price experienced a significant decline of 65.37% between October 24, 2024, and October 23, 2025.

While specific detailed breakdowns of demand seasonality for all Xerox products and services are not explicitly provided, the company has noted "seasonal improvements in adjusted operating income" in the second half of the year. Historically, increased equipment sales and print volumes have been observed to be consistent with a gradual return to the office, suggesting a potential link between office utilization and demand for Xerox's offerings. The shift towards digital materials in sectors like education indicates a move away from traditional print, which could impact demand for certain physical printing products. However, the need for print-on-demand services for lean inventory management and specialized print runs also presents a demand driver. Xerox's focus on IT solutions and digital services also suggests a diversification of its revenue streams, which may have different seasonality compared to its traditional print business.

Xerox Holdings Corporation is a global workplace technology company that integrates hardware, services, and software. The company operates in the Technology sector, specifically within the Information Technology Services industry, and its core business involves the design, development, and sale of document systems, solutions, and services. Xerox's major products and services include digital printing systems, multifunction printers, production presses, Managed Print Services, IT solutions, and software. Xerox is also exploring new markets like digital print packaging solutions and printed electronics.

Xerox Holdings Corporation has a significant global presence, operating in over 130 countries worldwide. The company's distribution network includes divisions, wholly-owned subsidiaries, and third-party distributors, primarily in the Western Hemisphere. In regions such as Europe, Africa, the Middle East, India, and parts of Asia, its products are distributed through Xerox Limited and related entities. Xerox's corporate headquarters is located in Norwalk, Connecticut, U.S., and it maintains various local offices across the United States and internationally.

Xerox has a long-standing legacy, having pioneered the photocopier market and continually redefining the workplace experience for over a century. In the past year, Xerox has focused on innovation and strategic growth, which generally contributes positively to its brand perception. The acquisition of Lexmark in 2025 was a key strategic move aimed at expanding its global footprint and strengthening service capabilities, which could enhance its reputation as a comprehensive workplace technology provider. The introduction of new digital presses demonstrates the company's commitment to advancing its product portfolio and catering to evolving market needs, reinforcing Xerox's image as a leader in print and digital solutions.

Xerox Holdings Corporation has a diverse ownership structure, with significant institutional and individual holdings. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Dimensional Fund Advisors LP, State Street Corp, UBS Group AG, Morgan Stanley, Marshall Wace, Llp, and Federated Hermes, Inc. Other notable institutional holders include Pacer Advisors, Inc. and iShares Core S&P Small-Cap ETF (IJR). Carl C. Icahn and Darwin Deason are significant individual shareholders.