Xerox Releases Third-Quarter Results

Financial Summary 

• $1.75 billion of revenue, down 0.4 percent year-over-year or up 4.7 percent in constant currency.

• GAAP (loss) earnings per share (EPS) of $(2.48), down $2.96 year-over-year. GAAP EPS includes an after-tax non-cash goodwill impairment charge of $395 million or $2.54 per share.
• Adjusted EPS of $0.19, down $0.29 year-over-year.

• Adjusted operating margin of 3.7 percent, down 50 basis points year-over-year.

• Operating cash flow use of $8 million, lower by $108 million year-over-year.

• Free cash flow use of $18 million, lower by $99 million year-over-year.

• Lowered 2022 revenue guidance to a range of $7.0B to $7.1B in actual currency; lowered 2022 free cash flow guidance to at least $125 million.

News Release	Related Earnings Documents	Webcast and Multimedia
Third-Quarter Results (PDF, 951 KB)	Xerox Q3 2022 Earnings Presentation  (PDF, 1.8 MB)   Xerox Q3 2022 Non-GAAP Measures (PDF, 928 KB)   Xerox Q3 2022 Financial Model (PDF, 292 KB) or (Excel, 4.4 MB)   Xerox Q3 2022 Summary (PDF, 127 KB)	Webcast Replay: Conference Call

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