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Xerox Sees FY20 Adj. EPS $3.60-$3.70 vs $3.51 Est

2020 Guidance: The company expects continued progress on its strategic initiatives, as projected in its 2020 financial guidance: Revenue decline of approximately 4 percent at constant currency, excluding revenue from

Benzinga · 01/28/2020 11:32

2020 Guidance:

The company expects continued progress on its strategic initiatives, as projected in its 2020 financial guidance:

  • Revenue decline of approximately 4 percent at constant currency, excluding revenue from the $77 million OEM license in 2019.2
  • Adjusted operating margin of approximately 13 percent.
  • GAAP EPS from continuing operations in the range of $2.80 to $2.90.
  • Adjusted EPS in the range of $3.60 to $3.70.
  • Operating cash flow from continuing operations of approximately $1.3 billion and free cash flow of approximately $1.2 billion.
  • Company expects at least $300 million of share repurchases and return of at least 50 percent of annual free cash flow to shareholders in 2020.