Loading...
•
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.
Xerox
Xerox
Xerox Revenue by Segment
Revenue by Segment
Equipment Sales Revenue
CapyFin.comPost Sale Revenue
CapyFin.com 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