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.

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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 is how Pitney Bowes (PBI) and Alphabet (GOOGL) have performed compared to their sector so far this year.

Is Pitney Bowes (PBI) Stock Outpacing Its Computer and Technology Peers This Year?

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced the opening of a new 45,000 square foot Presort Services operating center serving the St. Louis, MO market. The new highly automated facility, located at 13955 Riverport Place, Maryland Heights, MO processed nearly 100,000 pieces of mail on its inaugural day, with volumes steadily increasing throughout this summer. Cu.

Pitney Bowes Opens New Presort Services Operating Center Serving St. Louis Market

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, will host an investor conference call at 8:00 AM ET on Wednesday, May 29, to introduce the Company's newly appointed interim CEO, Lance Rosenzweig, and discuss its recently announced strategic initiatives. Participants can register for the call by visiting https://dpregister.com/sreg/10189641/fc9e9eeb.

Pitney Bowes to Host Investor Conference Call

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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 the appointment of Lance Rosenzweig as the Company's interim Chief Executive Officer (“CEO”), effective immediately. Mr. Rosenzweig will continue to serve as a member of the Board of Directors (the “Board”). In connection with today's appointment, Jason Dies has stepped down from the r.

Pitney Bowes Announces Leadership Transition and New Initiatives to Accelerate Value Creation

Pitney Bowes Inc. (NYSE:PBI ) Q1 2024 Earnings Conference Call May 2, 2024 8:00 AM ET Company Participants Philip Landler - Vice President of Investor Relations and Global Strategy Jason Dies - Interim Chief Executive Officer John Witek - Interim Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company, LLC Matthew Swope - Robert W. Baird & Co. Will Brunemann - Northcoast Research Peter Sakon - CreditSights Inc. Operator Good morning, and welcome to the Pitney Bowes First Quarter 2024 Earnings Conference Call.

Pitney Bowes Inc. (PBI) Q1 2024 Earnings Call Transcript

Pitney Bowes (PBI) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.01 per share a year ago.

Pitney Bowes (PBI) Reports Q1 Loss, Tops 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 its financial results for the first quarter 2024. Jason Dies, Interim Chief Executive Officer, commented: “We came out of the gate strong with first quarter results that reflect enterprise-wide changes in our operating intensity and efficiency efforts. Net income improved $5 million over p.

Pitney Bowes Announces First Quarter 2024 Financial Results

CHICAGO--(BUSINESS WIRE)--Lakeview Investment Group & Trading Company, LLC, which beneficially owns approximately 2.55% of the outstanding common shares of Pitney Bowes, Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”), today issued the below open letter to the Company's Board of Directors. *** April 30, 2024 Pitney Bowes, Inc. Attn: The Board of Directors 3001 Summer Street Stamford, CT 06926-0700 Members of the Board of Directors, Lakeview Investment Group & Trading Company, LLC (co.

Lakeview Issues Open Letter to Pitney Bowes' Board of Directors Calling for Expeditious Sale of GEC

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced it has been named to Forbes' Best Employers for Diversity 2024 list for the sixth consecutive year. In collaboration with analytics firm Statista, Forbes identified the Best Employers for Diversity 2024 through an independent survey of over 170,000 U.S.-based employees working for companies employing at least 1,000 people w.

Pitney Bowes Named ‘Best Employer for Diversity' by Forbes for Sixth Consecutive Year

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, is proud to announce a series of hands-on volunteer activities in celebration of the 20th anniversary of its partnership with Reading Is Fundamental (RIF), the nation's leading children's literacy nonprofit. “We are engaging twenty Pitney Bowes sites across the country through a RIF Literacy Kit Activation initiative to inspire the joy of.

Pitney Bowes Celebrates 20-Year Partnership with Reading Is Fundamental with 20 Events in 20 Cities

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today released its annual U.S. Parcel Shipping Index, which revealed significant shifts in the carrier competitive landscape and consumer behaviors in 2023. Of the four largest carriers (USPS, Amazon Logistics, UPS, and FedEx), only Amazon Logistics grew volumes year-over-year, and by a staggering 15.7%. One year after passing FedEx i.

Pitney Bowes Parcel Shipping Index: Consumer Demand for “Real-Time Retail” Shakes Carrier Market Share

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced it has been named to Fortune's 2024 America's Most Innovative Companies list. This prestigious award is presented by Fortune and Statista Inc. From innovative solutions and services that reduce the complexity of sending parcels and mail, to an internal culture focused on encouraging new and creative ideas, innovation happen.

Pitney Bowes Recognized by Fortune as One of America's Most Innovative Companies

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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 John Witek, who was most recently Head of Global Business Services, has been appointed interim Chief Financial Officer, effective March 19, 2024. Mr. Witek's appointment follows the departure of Ana Maria Chadwick, who is leaving to assume a new role with another organization. Ms.

Pitney Bowes Announces CFO Transition Process

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Pitney Bowes has announced a cost reduction program that could positively impact future free cash flow growth. The company expects new net sales growth driven by strong volumes of domestic parcels, network productivity, and new technological solutions in the e-commerce business. The sale of assets and divisions in the past suggests that there may be new transactions in 2024, which could boost the company's balance sheet.

Pitney Bowes: Cost Reduction Program, Strong Domestic Parcel Volumes, And Undervalued

Pitney Bowes adds Bill Simon and Jill Sutton to the Board of Directors, giving activist investor Kurt Wolf control of the company. Shareholders should expect a permanent CEO appointment and an imminent sale of the Global Ecommerce segment. The sale of GEC could significantly increase Pitney Bowes' net income and unlock shareholder value.

Hestia Capital Will Bring Major Changes To Pitney Bowes In 2024

Weak FY2024 guidance and lack of detail on changes in the GEC segment left much to be desired by all investors in the Q4 earnings call. I remain bullish on the stock with a $10 price target based on $150-$200mm of normalized FCF, a 10x multiple, and 175mm shares outstanding. I recommend investors keep in mind the significant change that has already occurred underneath the surface over the past 18 months.

Pitney Bowes: FY2024 Guide And Lack Of Details On GEC Changes Disappoints Investors

Pitney Bowes Inc. (PBI) Q4 2023 Earnings Call Transcript

Pitney Bowes (PBI) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.06 per share a year ago.

Pitney Bowes (PBI) Beats Q4 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 its financial results for the fourth quarter and full year of 2023. Jason Dies, Interim Chief Executive Officer, commented: “Pitney Bowes is beginning 2024 with positive momentum and a strong set of go-forward priorities following a productive fourth quarter. At the enterprise level, we ar.

Pitney Bowes Announces Fourth Quarter and Full Year 2023 Financial Results

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 Mary J. Guilfoile will step down as Chair and retire from the Board of Directors (the “Board”) following the 2024 Annual Meeting of Stockholders (the “Annual Meeting”). The Board will elect a new Chair following Ms. Guilfoile's retirement. Additionally, the Company announced the a.

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