Xerox Holdings Corp Q4 2022 Earnings Call Transcript - Thomson StreetEvents

Xerox Holdings Corp Q4 2022 Earnings Call Transcript

Xerox Holdings Corp Q4 2022 Earnings Call Transcript - Thomson StreetEvents
Xerox Holdings Corp Q4 2022 Earnings Call Transcript
Published Jan 26, 2023
15 pages (10754 words) — Published Jan 26, 2023
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Abstract:

Edited Transcript of XRX.OQ earnings conference call or presentation 26-Jan-23 1:00pm GMT

  
Brief Excerpt:

...Operator Welcome to the Xerox Holdings Corporation's Fourth Quarter and 2022 Earnings Release Conference Call. (Operator Instructions) At this time, I would like to turn the meeting over to Mr. David Beckel, Vice President of Investor Relations. Please go ahead, sir. David James Beckel ...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Xerox Holdings Corp
Ticker
XRX.OQ
Time
1:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Angela Jin - JPMorgan Chase & Co, Research Division - Analyst : This is Angela Jin on for Samik Chatterjee. Congrats on a strong quarter. So a question about backlog. So I saw that backlog came down about $183 million quarter-on-quarter, and equipment sales are up $164 million quarter-on-quarter. So can you just walk us through the gap there? Like, is the implication here that you're seeing an uptick in cancellations or equipment order rates are dropping? And if you continue at this rate, will you reach pre-pandemic levels back within a quarter? So how should we think about sort of the cadence of backlog into the first quarter of 2023.

Question: Angela Jin - JPMorgan Chase & Co, Research Division - Analyst : Got it. That's really helpful. And then for my follow-up, so just thinking about your free cash flow guide of at least $500 million, can you maybe dig in more into, what portion of that is attributable to your core business versus FITTLE? It seems at some point right now that the core free cash flow is, for in the low 100s range unless there's a plan to sort of very meaningfully ramp originations in 2023.

Question: Angela Jin - JPMorgan Chase & Co, Research Division - Analyst : All right. And if I could just squeeze in one last quick one. So equipment margins are up to 33%. So it drove a lot of upside in this quarter. It seems like the mix is more favorable than usual with A3 units being shipped and strong U.S. sales. So what is the sustainable level of equipment margins going forward?

Table Of Contents

Xerox Holdings Corp at Citi Global Technology Conference Transcript – 2023-09-07 – US$ 54.00 – Edited Transcript of XRX.OQ presentation 7-Sep-23 8:45pm GMT

Xerox Holdings Corp Q2 2023 Earnings Call Transcript – 2023-07-25 – US$ 54.00 – Edited Transcript of XRX.OQ earnings conference call or presentation 25-Jul-23 12:00pm GMT

Xerox Holdings Corp Annual Shareholders Meeting Transcript – 2023-05-25 – US$ 54.00 – Edited Transcript of XRX.OQ shareholder or annual meeting 25-May-23 12:00pm GMT

Xerox Holdings Corp at JPMorgan Global Technology, Media and Communications Conference Transcript – 2023-05-23 – US$ 54.00 – Edited Transcript of XRX.OQ presentation 23-May-23 7:55pm GMT

Xerox Holdings Corp Q1 2023 Earnings Call Transcript – 2023-04-25 – US$ 54.00 – Edited Transcript of XRX.OQ earnings conference call or presentation 25-Apr-23 12:00pm GMT

Xerox Holdings Corp Q3 2022 Earnings Call Transcript – 2022-10-25 – US$ 54.00 – Edited Transcript of XRX.OQ earnings conference call or presentation 25-Oct-22 12:00pm GMT

Xerox Holdings Corp at Citi Global Technology Conference Transcript – 2022-09-07 – US$ 54.00 – Edited Transcript of XRX.OQ presentation 7-Sep-22 10:59am GMT

Xerox Holdings Corp Q2 2022 Earnings Call Transcript – 2022-07-26 – US$ 54.00 – Edited Transcript of XRX.OQ earnings conference call or presentation 26-Jul-22 12:00pm GMT

Xerox Holdings Corp at JPMorgan Global Technology, Media & Communications Conference Transcript – 2022-05-24 – US$ 54.00 – Edited Transcript of XRX.OQ presentation 24-May-22 3:30pm GMT

Xerox Holdings Corp at Morgan Stanley Sustainable Futures Conference (Virtual) Transcript – 2022-05-23 – US$ 54.00 – Edited Transcript of XRX.OQ presentation 23-May-22 5:15pm GMT

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MLA:
Thomson StreetEvents. "Xerox Holdings Corp Q4 2022 Earnings Call Transcript" Jan 26, 2023. Alacra Store. May 04, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2022-Xerox-Holdings-Corp-Earnings-Call-T15445014>
  
APA:
Thomson StreetEvents. (2023). Xerox Holdings Corp Q4 2022 Earnings Call Transcript Jan 26, 2023. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2022-Xerox-Holdings-Corp-Earnings-Call-T15445014>
  
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