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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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.

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.

Pitney Bowes Announces Continued Refreshment of its Board of Directors

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced along with PackageHub, the second-largest franchise system of retail shipping stores in the U.S., the launch of a returns drop-off network that will enable no-box and no-label returns at nearly 1,000 convenient locations, with hundreds more launching soon, across the country—at no additional cost to retailers or consumers.

Pitney Bowes and PackageHub© Launch National ‘No-Box/No-Label' Returns Drop-off Network

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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 it has received a score of 100 on the Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index, the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. “Earning a score of 100 on the Human Rights Campaign's Corporate Equality Ind.

Pitney Bowes Earns Top Score in Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index

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Streamlined services will substantially lower return shipping costs for ReverseLogix customers, reduce waste, and refund consumers faster. BURLINGAME, Calif.

ReverseLogix and Pitney Bowes Launch Partnership for Consolidated Returns Service

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STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced ways it is strengthening its domestic parcels network and service. Pitney Bowes, a company with a long history of innovation, is leveraging a number of emerging technologies, including automated parcel sortation equipment and robotics to efficiently enable on-time deliveries, and process consumer returns for ecommerce brand.

Pitney Bowes Strengthens Network Capabilities Through Automation and Expanded Delivery Services

Pitney Bowes Inc. (PBI) Q3 2023 Earnings Call Transcript

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 third quarter of fiscal year 2023. Jason Dies, Interim Chief Executive Officer, commented: “Our SendTech and Presort segments both delivered profit growth and margin expansion during the quarter, reflecting success in our growth strategies and productivity init.

Pitney Bowes Announces Third Quarter 2023 Financial Results

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BERKELEY, Calif.--(BUSINESS WIRE)--Ambi Robotics Expands Partnership with Pitney Bowes to Automate Middle-Mile Sorting.

Ambi Robotics Expands Partnership with Pitney Bowes to Automate Middle-Mile Sorting

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Pitney Bowes announced Marc Lautenbach has stepped down from the board and as CEO. Lautenbach is being replaced by fellow board member and company VP Jason Dies on an interim basis.

Why Pitney Bowes Stock Soared 24% This Week

The Pitney Bowes Inc. Board of Directors has replaced CEO Marc Lautenbach following pressure from major shareholders. The immediate sale of the Global Ecommerce segment now appears certain, with a focus on reducing corporate overhead. The company's valuation could increase to over $15 per share by next year with the sale of the segment and cost-cutting measures.

Pitney Bowes Shareholders Win Big As Lautenbach Steps Down

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced that the independent members of its Board of Directors (the “Board”) have unanimously approved the following actions: Jason Dies, who most recently served as the Company's Executive Vice President and Group President, has been appointed interim Chief Executive Officer, effective immediately. Since joining Pitney Bowes.

Pitney Bowes Announces Leadership Transition

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today released new consumer data from its BOXpoll survey revealing key peak season trends and insights to help retailers prepare to meet consumer preferences and demand. The findings reveal that despite conflicting economic indicators, consumers say they'll buy online more or the same as last year—supported by trends in growing consum.

Despite Inflation, Consumer Spending to Remain Strong This Holiday Season, According to New Pitney Bowes Data

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced a new study developed in partnership with Morning Consult on campus parcel management and smart locker solutions. According to the study, 54% of students reported having a package lost, stolen, or delayed because it was misplaced. About 2 out of 5 students had a package delivered to campus that was lost or stolen, and.

Pitney Bowes Finds 66% of College Students Wished They Had More Secure Package Delivery

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced it will showcase a range of digital and physical shipping and mailing solutions at Parcel Forum 2023, September 11 – 13 at the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee. Pitney Bowes will be present at booth #918. “For over a century, Pitney Bowes has helped clients reduce complexity out of the.

Pitney Bowes Makes Shipping and Logistics Easier at Parcel Forum '23

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CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), a meaningful holder of debt issued by Pitney Bowes, Inc. (“Pitney Bowes” or the “Company”), today issued an open letter to the Company's Board of Directors (the “Board”) for the benefit of all fellow stakeholders. *** Members of the Board, Ancora presently holds a meaningful amount of Pitney Bowes' debt. We invested in the Company's debt earlier this year because its SendTech and Presort seg.

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