Xerox reports Q1 revenue of US$1.67B, down 2.5% year-over-year, while earnings per share fall US$0.56 per share year-over-year to Q1 loss of US$0.38 per share due to inflationary pressure, increased logistics costs from supply chain disruption

NORWALK, Connecticut , April 21, 2022 (press release) –

Company sees improving page volumes and record backlog; profits impacted by rising costs

Financial Summary 

• $1.67 billion of revenue, down 2.5 percent year-over-year or 0.7 percent in constant currency.
• GAAP (loss) earnings per share (EPS) of $(0.38), down $0.56 year-over-year, and adjusted (loss) per share of $(0.12), down $0.34 year-over-year.
• Pre-tax margin of (5.3) percent, down 840 basis points, and adjusted operating margin of (0.2) percent, down 540 basis points year-over-year.
• $66 million of operating cash flow, down $51 million year-over-year.
• $50 million of free cash flow, down $50 million year-over-year.