Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Xerox Reports Second-Quarter Results
Jul 28, 2003
 Printable format
 Email this Article
 Search

Xerox Corporation reported second-quarter earnings of U.S. $0.09 per share, including a previously announced $0.05 charge for the remaining unamortized fees associated with its terminated 2002 credit facility.

Equipment sales grew 8 percent in the second quarter, including a 7-percentage point currency benefit. Total revenue for the second quarter was $3.9 billion, a decline of 1 percent from the second quarter of 2002, including a 6-percentage point currency benefit. According to the company, the decrease is primarily driven by declining post-sale revenue from its older light lens technology as well as moderating declines in its developing markets business. The company noted that improving trends in its developing markets operations continue, with DMO equipment sales growing 39 percent year over year.

The company posted gross margins of 42.4 percent. Selling, administrative, and general costs declined 2 percent, including an adverse impact from currency of 4 percentage points. The company reported second-quarter operating cash flow of $682 million and its worldwide cash position was $2.3 billion as of June 30. According to the company, debt decreased $2.5 billion in the quarter due to its successful completion last month of its $3.6 billion recapitalization plan. The recapitalization included $1.34 billion of new equity, $1.25 billion of senior unsecured notes, and a new $1 billion credit facility.

Back to Daily News

 

Daily News

...........................................................

Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows