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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

ARC Document Solutions

Douglas Elliman

VAALCO Energy

New York Community Bancorp

Sinclair Inc

Sociedad Quimica Y Minera De Chile

With the Federal Reserve's fight to curb inflation far from over, it's safe to assume that a “Fed pivot” is not forthcoming. As interest rates remain high, it may take some more time for the bull market to return.

7 Overlooked Dividend Stocks That Could Outperform The Market

Pitney Bowes pays out an attractive 4.7%+ dividend yield. Growth though has been sluggish of late putting into question the growth path of PBI in 2023.

Pitney Bowes: 4.7% Dividend Trends By The Numbers

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, has been named one of America's Best Large Employers for 2023 by Forbes magazine. This is the fourth year the company has been included in the rankings. “We are honored to be included on Forbes' list of best employers once again,” said Marc B. Lautenbach, President and CEO of Pitney Bowes.

Forbes Names Pitney Bowes as One of America's Best Large Employers for 2023

Pitney Bowes Inc. (NYSE:PBI ) Q4 2022 Earnings Conference Call January 31, 2023 8:00 AM ET Company Participants Ned Zachar - Vice President, Investor Relations Marc Lautenbach - President and Chief Executive Officer Ana Chadwick - Executive Vice President and Chief Financial Officer Conference Call Participants Matt Swope - Baird Anthony Lebiedzinksi - Sidoti & Co. Peter Sakon - CreditSights Alek Valero - Loop Capital Operator Good morning and welcome to the Pitney Bowes Fourth Quarter Earnings 2022 Results Conference Call. Your lines have been placed in a listen-only mode during the conference call until the question-and-answer segment.

Pitney Bowes Inc. (PBI) Q4 2022 Earnings Call Transcript

SAN FRANCISCO--( BUSINESS WIRE )--Select Star, the fully automated data discovery and governance platform for the modern data stack, today announced it closed a $15 million round of Series A funding led by experienced Silicon Valley investors Lightspeed Venture Partners. Other venture investors including Bowery Capital, Sozo Ventures, and Pebblebed have also invested in this round.

Select Star Raises $15 Million in Series A Funding Led by Lightspeed Venture Partners

STAMFORD, Conn--( BUSINESS WIRE )--Pitney Bowes (NYSE: PBI), 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 2022.

Pitney Bowes Announces Fourth Quarter and Full Year 2022 Financial Results

Shares of Pitney Bowes Inc. PBI, +4.53% rallied 4.8% in morning trading Monday, after the shipping and mailing company acknowledged that activist investor Hestia Capital nominated seven people to the company's board of directors, while saying shareholders need not take any action at this time. The company, which currently has nine board members, said it will review any proper nominations in due course.

Pitney Bowes' acknowledges activist investors attempt to change board control, stock rallies

STAMFORD, Conn.--( BUSINESS WIRE )--Pitney Bowes (NYSE:PBI, the “Company” or “Pitney Bowes”), a global shipping and mailing company that provides technology, logistics, and financial services, today acknowledged receipt of Hestia Capital's (“Hestia”) notice of nomination of seven director candidates, constituting a majority slate of director candidates, to the Pitney Bowes Board of Directors (the “Board”) in connection with the Company's upcoming annual meeting of shareholders.

Pitney Bowes Comments on Hestia Actions

PITTSBURGH--( BUSINESS WIRE )--Hestia Capital Management, LLC (collectively with its affiliates, “Hestia” or “we”), which is the third largest stockholder of Pitney Bowes, Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”) and has a beneficial ownership position of approximately 7.2% of the Company's outstanding shares, today announced that it has nominated seven highly qualified and independent candidates for election to the Company's nine-member Board of Directors (the “Board”) at the Company's 2023 Annual Meeting of Stockholders (the “Annual Meeting”). In addition, Hestia released a presentation (downloadable here) that details a sampling of current leadership's failings that have led to significant stockholder value destruction.

Hestia Capital Nominates Seven Highly Qualified, Independent Candidates for Election to Pitney Bowes' Long-Tenured, Underperforming Board of Directors

STAMFORD, Conn.--( BUSINESS WIRE )--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today launched the SendPro® MailCenter, the latest evolution of its SendPro digitally-connected sending technology portfolio. The SendPro MailCenter is an advanced, all-in-one mailing and shipping system designed to deliver simplicity, boost productivity and increase savings for high-volume mailers.

Pitney Bowes Launches SendPro MailCenter, an All-In-One Mailing and Shipping System for High-Volume Mailers

STAMFORD, Conn--( BUSINESS WIRE )--Pitney Bowes NYSE:PBI), a global shipping and mailing company that provides technology, logistics and financial services, today announced that Jason Dies has been named Executive Vice President and Group Executive. In this newly created position, Dies will be responsible for overseeing the Sending Technology Solutions (SendTech) and Presort Services business units as well as the functional groups of Human Resources, Information Technologies, Marketing and Communications. This move further aligns the businesses and functions to create even stronger impact across the entire organization. Previously, Dies was Executive Vice President and President of Sending Technology Solutions at Pitney Bowes.

Pitney Bowes Names Jason Dies Executive Vice President and Group Executive

Assertio Therapeutics Inc

Express

Globalstar

i-80 Gold Corp

Jerash holdings (US) Inc

Irrespective of the stock market's overall performance in the coming year, there are many stocks that could nonetheless “crush it” in 2023. Included in that category are some of the hottest penny stocks out there right now.

The 7 Hottest Penny Stocks to Own for 2023 and Beyond

Two more top shareholders in Pitney Bowes Inc are criticizing how management is running the shipping and mailing company, echoing activist investment firm Hestia Capital's calls to oust the chief executive and replace board members.

More top Pitney Bowes shareholders criticize management amid activist pressure

PITTSBURGH--( BUSINESS WIRE )--Hestia Capital Management, LLC (collectively with its affiliates, “Hestia” or “we”), which is the third largest stockholder of Pitney Bowes, Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”) with a beneficial ownership position of approximately 7.1% of the Company's outstanding shares, today issued the below letter to fellow stockholders regarding its attempts to engage in a productive, private manner with the Company's Board of Directors (the “Board”). In the letter, Hestia explains why it is now compelled to state its intent to nominate a majority slate of director candidates, including a proposed interim Chief Executive Officer, at the Company's 2023 Annual Meeting of Stockholders.

Hestia Capital Announces Intent to Overhaul Pitney Bowes' Board of Directors Following 10+ Years of Significant Value Destruction Under Chair Michael Roth and CEO Marc Lautenbach

Hestia Capital Partners LP plans to overhaul the board of shipping and mailing company Pitney Bowes Inc and replace its chief executive and chair, according to a letter to other shareholders reviewed by Reuters.

Exclusive: Hestia seeks to take control of Pitney Bowes board, oust CEO

The shipping company could benefit from a slimmed-down structure and tweaks to its board.

Hestia Capital could be preparing to shake up the board at Pitney Bowes

STAMFORD, Conn.--( BUSINESS WIRE )--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, outlined their business strategy today at the Bank of America Securities 2022 Leveraged Finance Conference. Jason Dies, Executive Vice President, Pitney Bowes Sending Technology Solutions (SendTech), Gregg Zegras, Executive Vice President, Pitney Bowes Global Ecommerce, and Ned Zachar, Vice President, Investor Relations spoke at the conference.

Pitney Bowes Discusses Business Strategy at the Bank of America Leveraged Finance Conference

STAMFORD, Conn.--( BUSINESS WIRE )--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, announced today that Jason Dies, Executive Vice President, Pitney Bowes Sending Technology Solutions, Gregg Zegras, Executive Vice President, Pitney Bowes Global Ecommerce, and Ned Zachar, Vice President, Investor Relations, will present at the Bank of America Securities 2022 Leveraged Finance Conference, today, Nov. 29, 2022. The Company's presentation is scheduled to begin at 1:30 pm Eastern Standard Time.

Pitney Bowes to Present at the Bank of America Leveraged Finance Conference

Hestia Capital once again goes activist after complete silence since GME saga - now joins the rest of the Institutional GameStop OGs including Bill Miller, Permit Capital, and DOMO Capital. Pitney Bowes was a prime target with a cash cow legacy business, a bank the market doesn't understand, and a valuable ecommerce business the CEO struggled with.

Pitney Bowes: GameStop Activists, Hestia Capital, Resurface After 2-Year Hiatus

Fintel reports that Hestia Capital Partners Lp has filed a 13D form with the SEC disclosing ownership of 12,000,000 shares of Pitney Bowes Inc.

Hestia Capital Discloses Activist Position in PBI / Pitney Bowes

Hestia Capital Partners LP, which scored big gains on its GameStop bet, is pushing shipping and mailing company Pitney Bowes Inc to re-evaluate its capital allocation and e-commerce strategy, sources familiar with the matter said.

EXCLUSIVE Hedge fund Hestia wants Pitney Bowes to review capital spend, e-commerce segment

Shipping and mailing company Pitney Bowes Inc. PBI, +6.89% said Friday it will raise prices by 6.5% for ecommerce services, staring Jan. 1. The general rate increase (GRI) applies to the standard delivery of packages weighting at least 1 pound through the company's U.S. network, standard returns through its U.S. network and cross-border deliveries to more than 100 countries.

Pitney Bowes to raise ecommerce shipping, returns prices by 6.5%, effective Jan. 1

STAMFORD, Conn.--( BUSINESS WIRE )--Pitney Bowes (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced a 6.5% general rate increase (GRI) for ecommerce services effective January 1, 2023. The pricing program continues the company's commitment to providing ecommerce shippers with simple, easy to understand rates and services.

Pitney Bowes Announces 2023 Price Increase for Ecommerce Services

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 launch of PitneyShip Cube, an all-in-one Wi-Fi enabled thermal shipping label printer with integrated scale.

Pitney Bowes Launches PitneyShip™ Cube, the First-of-Its-Kind Shipping Label Printer With Built-In Scale

In my previous missive on this name, I concluded that the Pitney Bowes dividend is reasonably well covered. Now that the shares are much cheaper, I thought I'd review the name again. The recent financial performance of Pitney Bowes has been quite good in many ways, and I'm particularly impressed by the improvement in the capital structure.

News for Pitney Bowes Stock (PBI)