Pitney Bowes

Pitney Bowes, Inc. is a technology company engaged in the provision of products and solutions in the commerce industry. It operates through the following segments: Global Ecommerce, Presort Services, and SendTech Solutions. The Global Ecommerce segment includes products and services that facilitate domestic retail and ecommerce shipping solutions, including fulfillment and returns, and global cross-border ecommerce transactions. The Presort Services segment includes sortation services to qualify large volumes of first class mail, marketing mail and bound and packet mail for postal worksharing discounts. The SendTech Solutions segment includes physical and digital mailing and shipping solutions, financing, services, supplies and other applications to help simplify and save on the sending, tracking and receiving of letters and packages. The company was founded by Arthur H. Pitney and Walter Bowes on April 23, 1920 and is headquartered in Stamford, CT.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Pitney Bowes reports flat Q4 revenue, eyes parcel profitability growth

Pitney Bowes anticipates flat-to-mid single-digit revenue growth in 2023, with a focus on back-end loaded quarterly progression. Strategic flexibility and a cautious outlook characterize the company's response to economic currents.

Pitney Bowes Q1 2023: Navigating Challenges, Focusing on Profitability

Pitney Bowes navigates challenges in Cross-Border while capitalizing on Domestic Parcel growth and higher-margin opportunities.
Efforts towards cost reduction, efficiency improvements, and network optimization aim to drive profitability and savings.
Despite revenue declines in certain segments, the company focuses on client growth, productivity, and margin enhancement strategies.
Ongoing restructuring programs and productivity actions position Pitney Bowes for future efficiency gains and financial stability.

Pitney Bowes reports Q2 profit growth, eyes domestic parcel momentum

Pitney Bowes' Q2 2023 results were consistent with Q1, with no major surprises. The company remains confident in its future positioning, expecting cost and expense benefits in the second half of the year. Management emphasized the importance of domestic parcels and the profitability potential in SendTech and Presort.

Pitney Bowes (PBI) reports mixed Q3 performance, eyes acquisitions for growth

Pitney Bowes (PBI) navigated a mixed quarter with strong performances in key segments but challenges in global e-commerce. The company's focus on cost reduction, acquisitions, and capital structure optimization underscores its commitment to enhancing shareholder value.

Pitney Bowes reports Q4 progress amidst revenue decline and restructuring

Pitney Bowes showcased progress in cost reduction and restructuring efforts, despite revenue decline. The company faces challenges in revenue generation and cost management but sees growth opportunities in its business units. By focusing on optimizing operations and capital allocation, Pitney Bowes aims to drive shareholder value and pursue transformation.

Pitney Bowes reports strong Q1 earnings, optimistic outlook on growth

Pitney Bowes (PBI) delivered strong Q1 results with notable improvements in EBIT and free cash flow. Despite challenges in Global Ecommerce, the company is optimistic about the future, focusing on cost reduction, strategic priorities, and growth opportunities. Transitioning to digital and SaaS presents both challenges and opportunities for Pitney Bowes.

Pitney Bowes reports Q2 revenue growth, exits Global Ecommerce

Pitney Bowes delivered solid Q2 results with revenue growth, improved EBIT, and strong free cash flow. The decision to exit the Global Ecommerce business aims to cut losses and enhance financial performance. The company's focus on cost savings, operational excellence, and core business growth underscores its commitment to value creation.

Pitney Bowes reports improved Q3 performance amidst revenue challenges

Pitney Bowes' Q3 performance reflects improved financial metrics driven by successful strategic initiatives and revenue growth in key segments.
While facing challenges like revenue decline and debt management, the company is well-positioned to capitalize on opportunities in cost optimization and revenue expansion.
By focusing on cost efficiency, strategic initiatives, and leveraging growth opportunities, Pitney Bowes aims to enhance its financial health and drive sustainable growth.

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Pitney Bowes, Inc. is a global shipping and mailing company, which engages in the provision of technology, logistics, and financial services. It operates through the following segments: Global Ecommerce, Presort Services, and SendTech Solutions. The Global Ecommerce segment is composed of cross-border solutions, domestic parcel, and digital delivery services. The Presort Services segment offers sortation services to qualify large volumes of first-class mail, marketing mail, and bound and packet mail for postal work-sharing discounts. The SendTech Solutions segment provides physical and digital mailing and shipping solutions, financing, services, supplies, and other applications. The company was founded by Arthur H. Pitney and Walter Bowes on April 23, 1920 and is headquartered in Stamford, CT.

Pitney Bowes is attempting to turn their business around after a decade of decline.

Be Cautious With Pitney Bowes At This Price

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, today announced the expansion of its lockers portfolio with the launch of ParcelPoint™ Smart Lockers, a new suite of robust, secure contactless locker solutions unique to Pitney Bowes. Ideal for organizations planning the safe reopening of offices, college campuses and government agencies, these smart l

Pitney Bowes Expands Lockers Portfolio with Launch of ParcelPoint™ Smart Lockers

Grid Dynamics Holdings Inc

SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Acquires UK-Based Tacit Knowledge; Enhances digital commerce capabilities and expands delivery footprint across UK, US, Mexico & Moldova

Grid Dynamics Acquires UK-Based Tacit Knowledge; Enhances digital commerce capabilities and expands delivery footprint across UK, US, Mexico and Moldova

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, today released results from its latest BOXpoll™, revealing that as household incomes steady, the retail industry is set for an optimistic few months, with US consumers – both those vaccinated and not – set to increase spending this summer across key product categories. For the first time in seven months

Pitney Bowes BOXpoll™: Both Vaccinated and Unvaccinated Americans Plan for a Summer of Increased Spending

International Business Machines (IBM) recently announced that it will work with Pitney Bowes (PBI) to help the latter implement hybrid cloud computing across its operations and drive business growth.

IBM to Aid Pitney Bowes (PBI) In Deployment of Hybrid Cloud

ARMONK, N.Y., May 20, 2021 /PRNewswire/ -- IBM (NYSE: IBM) and Pitney Bowes (NYSE: PBI) today announced an agreement under which IBM will deliver IT automation, machine learning and managed infrastructure services designed to help Pitney Bowes transform and embrace hybrid cloud computing to support its global business plan and goals.

Pitney Bowes Taps IBM for Global Hybrid Cloud Transformation

Pitney Bowes' (PBI) first-quarter results gain from robust growth in Global Ecommerce revenues and presort services.

Pitney Bowes (PBI) Q1 Earnings Beat Estimates, Revenue Up Y/Y

Pitney Bowes Inc. (NYSE:PBI) reported first-quarter earnings-per-share results that were roughly in line with analysts' expectations, as well as a 15% year-over-year revenue increase fueled entirely by a 41% surge in its global e-commerce business. However, analysts weren't impressed, sending Pitney Bowes' already beaten-down shares dropping by another 15%.

Pitney Bowes' first-quarter results fail to impress

Pitney Bowes' (PBI) CEO Marc Lautenbach on Q1 2021 Results - Earnings Call Transcript

The stock price of Pitney Bowes Inc. (NYSE: PBI) fell from $8.74 to a day low of $7.33. This is why it happened.

PBI Stock: From $8.74 To $7.33

This isn't how earnings beats are supposed to work.

Why Pitney Bowes Stock Crashed 16% After Beating Earnings

Shares of Pitney Bowes (NYSE:PBI) rose 1.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 40.00% over the past year to $0.07, which beat the estimate of $0.04.

Pitney Bowes: Q1 Earnings Insights

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, today announced its financial results for the first quarter 2021. “We delivered a solid start to the year, with every business making a meaningful contribution to our first quarter results,” said Marc B. Lautenbach, President and CEO, Pitney Bowes. “Revenue continued to demonstrate strong growth, every

Pitney Bowes Announces First Quarter 2021 Financial Results

Pitney Bowes (NYSE:PBI) will be releasing its next round of earnings this Friday, April 30. For all of the relevant information, here is your guide for Friday's Q1 earnings announcement.

Pitney Bowes Earnings Preview

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, today announced its Sending Technology Solutions business has achieved prestigious J.D. Power certification for technical support excellence for the second consecutive year, recognizing its deep commitment to its clients. This year's distinction expands its 2020 recognition for Assisted Support (Phone a

Pitney Bowes Certified by J.D. Power for Service Excellence for Second Consecutive Year

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE:PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, today announced it has been named to Forbes magazine's America's Best Employers for Diversity 2021 list for the second consecutive year. In collaboration with analytics firm Statista, Forbes identified The Best Employers for Diversity through an independent survey of over 50,000 U.S. employees working fo

Pitney Bowes Named to Forbes America's Best Employers for Diversity for Second Consecutive Year

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, today released results from its latest BOXpoll, revealing online shoppers' perspectives on sustainability on Earth Day, 2021. BOXpoll found that more than one-third of consumers (38 percent) are more likely to buy products with sustainable features or packaging. Ten percent of that group are actively lo

Pitney Bowes BOXpoll Finds One Third of Consumers More Likely to Buy Products Based on Environmentally Friendly Features

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Announces Expiration and Final Results of its Cash Tender Offers

Pitney Bowes Announces Expiration and Final Results of its Cash Tender Offers

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, today released results from its latest BOXpoll™. The weekly consumer survey finds that one in three Americans either plan to move in the next 12 to 18 months (17 percent) or are undecided about staying in their current residence (15 percent). Gen Z adults, Millennials and city residents are most likely

Pitney Bowes BOXpoll: For One in Three Americans, Moving is On the Table

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Announces Early Results of Tender Offers

Pitney Bowes Announces Early Results of Tender Offers

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. Prices Senior Unsecured Notes, Obtains Commitments to Amend and Refinance Credit Facilities

Pitney Bowes Inc. Prices Senior Unsecured Notes and Obtains Commitments to Amend and Refinance Credit Facilities

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes to Offer Senior Notes

Pitney Bowes Inc. to Offer Senior Notes

STAMFORD, Conn.--(BUSINESS WIRE)--PBI Announces Cash Tender Offers

Pitney Bowes Announces Cash Tender Offers

STAMFORD, Conn.--(BUSINESS WIRE)--PBI announces its call for redemption of all of its outstanding 3.375 percent Notes due 2021 (CUSIP No. 724479 AK6)

Pitney Bowes Calls for Redemption of Outstanding 3.375 Percent Notes Due 2021

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, today announced that the Pitney Bowes Bank has signed a term loan and accompanying revolving line of credit, demonstrating its continued commitment to the small- and mid-market business community. The term loan was signed with pharmaceutical ingredient wholesale distributor SST Corporation (SST) of New

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