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Dec 31, 2021
Xerox Q4 2021 Earnings Report
Released fourth-quarter and full-year results, exceeding free cash flow guidance while investing for growth, and announced 2022 guidance.
Key Takeaways
Xerox's Q4 results showed a revenue of $1.78 billion, down 7.9% year-over-year, and an adjusted EPS of $0.34, down $0.24 year-over-year. The company exceeded free cash flow guidance while investing for growth.
Revenue in Q4 was $1.78 billion, a decrease of 7.9% year-over-year, or 7.4% in constant currency.
GAAP loss per share for Q4 was $(3.97), a decrease of $4.33 year-over-year, which includes an after-tax non-cash goodwill impairment charge of $750 million or $4.38 per share.
Adjusted EPS for Q4 was $0.34, a decrease of $0.24 year-over-year.
Free cash flow for Q4 was $182 million, a decrease of $39 million year-over-year.
Revenue by Segment
Forward Guidance
The company expects to grow revenue in 2022. Guidance assumes supply chain and pandemic-related disruptions persist through the first half of the year. The company also expects to generate at least $400 million of free cash flow, inclusive of incremental cash investments in new businesses.
Positive Outlook
- Revenue of at least $7.1 billion in actual currency
- Free cash flow of at least $400 million
- Return at least 50% of free cash flow to shareholders
Challenges Ahead
- Supply chain and pandemic-related disruptions persist through the first half of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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