Xerox Lowers Full-Year Guidance and Suspends Dividends
Xerox Holdings Corporation (XRX) has announced a reduction in its full-year adjusted operating income and free cash flow guidance. In a significant move for shareholders, the company's Board of Directors has decided to suspend both common and preferred dividends. The decision follows updated financial projections from management, with CEO Louie Pastor confirming that the revised adjusted operating income is now expected to fall within the range of $450 million to $475 million. This shift reflects a tightening of fiscal outlook for the remainder of the year.
Tickers: $XRX
Topics: dividend suspension earnings guidance free cash flow operating income
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