Xerox Stumbles After Deal with Kyocera

Xerox Holdings Corporation (NASDAQ: XRX) shares began Thursday sharply in the red, on word today announced it has entered into an agreement with Kyocera Document Solutions Inc. to source Kyocera’s high-speed cut-sheet inkjet production presses. This collaboration marks the company’s re-entry into the fast-growing cut-sheet inkjet (CSIJ) market and significantly broadens its production print portfolio. “Through this partnership,” according to this morning’s news release, “Xerox will offer clients high-performance, cost-effective color inkjet presses integrated with the Xerox Production Ecosystem - including Xerox® FreeFlow® Workflow Automation Software, finishing, and remote service. The new platform will deliver an end-to-end solution tailored to the evolving needs of modern print providers.” “This is a pivotal moment for our production print business,” said Terry Antinora, senior vice president and head of product and engineering at Xerox. “Our re-entry into the cut-sheet inkjet market allows us to diversify our portfolio, meet growing client demand for speed and efficiency, and reinforce our commitment to leadership in digital production.” Building upon its Reinvention, Xerox is realigning its production print business toward higher-value, growth segments. According to IT Strategies Cut Sheet Production Inkjet Forecast 2025 Global Product Installs (Units) are expected to increase by more than 13% CAGR between 2025-2030. The addition of CSIJ products complements flagship offerings like the Xerox® Iridesse® Production Press, Xerox® Versant® Presses, and Xerox® PrimeLink® printers and presses, while enabling Xerox to address new growth areas with innovation and scale. XRX shares tumbled 91 cents, or 17.5%, to $4.30.