Norwalk, Conn. —  

Financial Summary

Q2 2024

  • Revenue of $1.58 billion, down 10 percent, or 9.6 percent in constant currency.
  • GAAP net income of $18 million, or $0.11 per share, up $79 million or $0.52 per share, year-over-year, respectively.
  • Adjusted net income of $41 million, or $0.29 per share, down $31 million or $0.15 per share, year-over-year, respectively.
  • Adjusted operating margin of 5.4 percent, down 70 basis points year-over-year.
  • Operating cash flow of $123 million, up $28 million year-over-year.
  • Free cash flow of $115 million, up $27 million year-over-year.
  • Lowered 2024 revenue guidance to a range of -5% to -6% in constant currency to reflect incremental strategic actions, adjusted operating income guidance to at least 6.5%, and free cash flow guidance to at least $550 million.
  • Maintained $300 million adjusted operating income improvement target over 2023 levels by the end of 2026.
News Release Related Earnings Documents Webcast and Multimedia
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(PDF, 1.8 MB)
 
(PDF, 944 KB)
 
Xerox Q2 2024 Financial Model
(PDF, 204 KB) or (Excel, 4.3MB)