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

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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.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Pitney Bowes (PBI) Right Now?

Pitney Bowes Presort and SendTech segments are growing EBIT and misunderstood by the market. Post-GEC, Pitney Bowes should earn at least $1.27 per share by 2025 and should currently be valued over $12.50 based on a 10x P/E multiple. Recent USPS changes will strengthen Presort and SendTech which is contrary to the belief of many market participants.

Pitney Bowes Culls Global E-Commerce And Shape-Shifts Under Kurt Wolf

Does Pitney Bowes (PBI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Pitney Bowes (PBI) is a Great Choice

Pitney Bowes (PBI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Why Fast-paced Mover Pitney Bowes (PBI) Is a Great Choice for Value Investors

Pitney Bowes has sold a controlling interest in most of its Global Ecommerce (GEC) segment operating in the United States to Hilco Global affiliate Hilco Commercial Industrial, which will wind down that business. This move will eliminate nearly all the losses associated with GEC, which amounted to $136 million in 2023, Pitney Bowes said in a Thursday (Aug.

Pitney Bowes Sells Global Ecommerce Business to Streamline Enterprise

Pitney Bowes Inc. (NYSE:PBI ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Alex Brown - Director, Investor Relations. Lance Rosenzweig - Interim CEO & Director John Witek - Interim Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company, LLC Matthew Swope - Robert W.

Pitney Bowes Inc. (PBI) Q2 2024 Earnings Call Transcript

Pitney Bowes has a deal to liquidate its global e-commerce unit, which has been a drain on operations. Management is making good on its pledge to clean up operations, an encouraging sign for investors.

Why Pitney Bowes Is Delivering for Investors Today

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Pitney Bowes (PBI) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to loss of $0.02 per share a year ago.

Pitney Bowes (PBI) Tops Q2 Earnings and Revenue Estimates

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE: PBI) (“Pitney Bowes” or the “Company”), a global shipping and mailing company that provides technology, logistics, and financial services, today announced the Company's financial results for the second quarter of fiscal year 2024 and provided a progress update on the strategic initiatives announced on May 22, 2024, including the conclusion of the strategic review of the Global Ecommerce (“GEC”) segment. The Company also disclosed its updated.

Pitney Bowes Announces Financial Results for Second Quarter of Fiscal Year 2024 and Provides a Progress Update on Strategic Initiatives

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”), a global shipping and mailing company that provides technology, logistics and financial services, today announced that it has sold a controlling interest in the entities representing a substantial majority of the Global Ecommerce (“GEC”) segment (the “GEC Entities”) operating in the U.S. to Hilco Commercial Industrial, an affiliate of Hilco Global (“Hilco”), to support a value-maximizing liquidati.

Pitney Bowes Announces Value-Maximizing Exit Path for Global Ecommerce Segment

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STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”), a global shipping and mailing company that provides technology, logistics and financial services, today announced that it will report second quarter 2024 earnings results after market close on Thursday, August 8, 2024. The Company will host an investor conference call at 5:00 p.m. ET on the same day to review its results. This call and all supplemental information can be accessed on Pitney Bowes'.

Pitney Bowes Announces Date for Second Quarter 2024 Earnings Release and Conference Call

Pitney Bowes (PBI) Is Up 1.04% in One Week: What You Should Know

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Pitney Bowes is preparing to divest or shut down its unprofitable GEC division. This should immediately add $136m in adjusted EBIT on an annual basis. There are hidden growth opportunities within the remaining company, such as smart Parcel Lockers and digital SaaS tools, which seem to be ignored by the market. PBI recently increased identified cost-savings from $80m to $140m. It also plans to free up $200m in cash to (likely) pay down highly yielding debt.

Pitney Bowes: When Less Is More

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”), a global shipping and mailing company that provides technology, logistics and financial services, today announced that Gregg Zegras has retired as President of the Company's Global Ecommerce segment, effective immediately. After joining Pitney Bowes in 2013, Mr. Zegras served as Chief Commercial Officer and held other senior roles. The Company thanks Mr. Zegras for his many years of dedication and.

Pitney Bowes Announces Leadership Transition in Global Ecommerce Segment

Pitney Bowes Inc.'s stock PBI, +3.46% rose 2% in premarket trade Monday, after the shipping and mailing company said it's increasing its cost-savings target to a range of $120 million to $160 million from a prior range of $60 million to $100 million.

Pitney Bowes' stock up premarket after company increases cost savings target to $160 million from $120 million

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”), a global shipping and mailing company that provides technology, logistics and financial services, today announced an update on the first phase of the Company's cost rationalization initiative, which was previously announced in late May 2024. The Company has identified and initiated approximately $70 million in cost savings, the majority of which has already been eliminated in the second quarter. A.

Pitney Bowes Provides Update on Accelerated Progress of Cost Rationalization Program and Increases Savings Targets

Pitney Bowes (PBI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -11.43% in 4 Weeks, Here's Why Pitney Bowes (PBI) Looks Ripe for a Turnaround

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Pitney Bowes (PBI) is a Great Momentum Stock: Should You Buy?

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Pitney Bowes (PBI) Shows Fast-paced Momentum But Is Still a Bargain Stock

News for Pitney Bowes Stock (PBI)