Q3 2025 Xerox Holdings Corp Earnings Call Transcript
Key Points
- Successful integration of Lexmark and ITsavvy acquisitions, identifying $50 million in additional synergy opportunities.
- IT solutions business showed strong growth, with pro forma revenue increasing by double digits.
- New product launches in the print and IT solutions sectors expected to drive incremental revenue in the coming year.
- The company has made significant progress in operational simplification and cost reduction initiatives.
- Free cash flow increased by $24 million year over year, indicating improved cash management.
- Revenue declined approximately 8% on a pro forma basis, reflecting macroeconomic challenges.
- Adjusted operating income margin decreased by 190 basis points year over year.
- Continued disruption from tariffs and government funding uncertainty affected transactional print equipment revenues.
- Delays in purchasing decisions among clients, particularly those reliant on government funding, impacted sales.
- Higher product costs and tariffs led to a decline in adjusted gross margin by 350 basis points.
Welcome to the Xerox Holdings Corporation third quarter 2025 earnings release conference call. (Operator Instructions)
At this time, I would like to turn the meeting over to Mr. Greg Stein, Vice President and Head of Investor Relations.
Good morning, everyone. I am Greg Stein, Vice President and Head of Investor Relations at Xerox Holdings Corporation. Welcome to the Xerox Holdings Corporation third quarter 2025 earnings release conference call hosted by Steve Bandrowczak, Chief Executive Officer. He's joined by Louie Pastor, President and Chief Operating Officer, and Mirlanda Gecaj, Chief Financial Officer.
At the request of Xerox Holdings Corporation, today's conference call is being recorded. Other recording and/or rebroadcasting of this call are prohibited without the expressed permission of Xerox. During this call, Xerox executives will refer to slides that are available on the web at www
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