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.

Pitney Bowes Inc PBI reported a fourth-quarter FY21 sales decline of 4.3% year-on-year, to $983.7 million, beating the analyst consensus of $961.63 million. Global Ecommerce revenue fell 9% Y/Y to $473 million, Presort services increased 16% to $156 million, and SendTech Solutions declined 6% to $354 million.

Pitney Bowes Stock Plunges As Supply Chain Constraints Affect Q4 Earnings

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 full year and fourth quarter 2021. “The fourth quarter capped another important year in our transformation,” said Marc B. Lautenbach, President and CEO, Pitney Bowes. “While not without challenges, we delivered our fifth consecutive year of consolidated revenue growth. In the aggregate, SendTe

Pitney Bowes Announces Full Year and Fourth Quarter 2021 Financial Results

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2 Dangerous Dividends That'll Be Wiped Out In '22

I think the turnaround at Pitney Bowes is underway, with revenue up significantly in 2021 compared to both 2020 and 2019. Net loss has basically evaporated in 2021. In my view, the dividend, currently yielding 3% is sustainable, and so these shares are an attractive place to park capital.

Buying Pitney Bowes Stock

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes, a global shipping and mailing company that provides technology, logistics, and financial services, today released new findings from its BOXpoll® consumer surveys. Recent surveys measured consumers' awareness of inventory delays during peak season, as well as their outlook and shopping plans moving into 2022. “We're seeing that shoppers are paying close attention to headlines about inventory challenges and have tempered their expectations according

Pitney Bowes Survey Finds That 51% of U.S. Consumers Are Considering Delaying Holiday Purchases Until Early 2022

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced it has been named to the Drucker Institute's Management Top 250. The Management Top 250 measures corporate effectiveness by examining performance in five areas: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength. The Company also landed in the Top 10 in

Pitney Bowes Named to Drucker Institute's ‘Management Top 250' Recognizing the Most Effectively Managed Companies

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STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes, a global shipping and mailing company that provides technology, logistics, and financial services, today released new findings from its weekly BOXpoll® consumer survey days before Black Friday / Cyber Monday (BFCM) weekend. “Compared to last year, U.S. consumers are shopping earlier and plan to take greater advantage of Black Friday / Cyber Monday deals, ship more gifts to more loved ones, and increase spending on gift cards,” said Vijay Ramachand

Pitney Bowes Survey: More than Half of U.S. Has Started Holiday Shopping; Increased Gift Card Spending Will Extend Holiday Shipping into January

Earnings trends look solid especially when compared to pre-Covid numbers. The Presort segment continue to excel. Demand within SendTech and Ecommerce remain strong.

Pitney Bowes: Balance Sheet Trends Point To A Rising Share Price

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 acquisition of CrescoData, a Platform-as-a-Service (PaaS) business in the commerce space. Terms of the deal were not disclosed. Based in Singapore, CrescoData's Commerce Connect Platform provides integration to over 85 commerce channels through a single API, and enables mapping and automating of product, stock, an

Pitney Bowes Expands Shipping Portfolio with Acquisition of CrescoData

NEW YORK, Nov. 4, 2021 /PRNewswire/ -- Kyndryl (NYSE: KD) today announced that Pitney Bowes (NYSE: PBI) has selected Kyndryl for an ambitious technology transformation aimed at advancing its global business objectives. Pitney Bowes moves more than 222 million parcels and facilitates the sending of billions of mail pieces each year and has tapped Kyndryl to implement an agile technology infrastructure that harnesses its hybrid cloud IT investments for greater business outcomes.

Pitney Bowes Partners with Kyndryl to Harness Cloud and AI for Business Transformation

Pitney Bowes Inc. (PBI) CEO Marc Lautenbach on Q3 2021 Results - Earnings Call Transcript

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 third quarter 2021. “We continue to see solid demand for services and products across our portfolio,” said Marc B. Lautenbach, President and CEO, Pitney Bowes. “We have taken important steps to ensure that we are well-prepared for the upcoming peak season. Global Ecommerce remains on-track to

Pitney Bowes Announces Third Quarter 2021 Financial Results

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced plans to further expand capacity and add thousands of seasonal warehouse associates and drivers to meet ecommerce demand for the peak holiday shipping season. “Pitney Bowes has been building to this point for months, really years, improving our services, expanding our capabilities, and preparing our network, our teams and o

Pitney Bowes Has Geared Up for Peak Ecommerce Surge with More Capacity, New Automation and Expanded Workforce

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced a 5.9% general rate increase (GRI) for ecommerce services, as described below, effective January 2, 2022. The pricing program continues the company's commitment to providing ecommerce shippers with simple, easy to understand rates and services. The 5.9% GRI applies to the following services: Standard Delivery of parcels we

Pitney Bowes Announces 2022 Pricing for Ecommerce Services With No Delivery Area or Residential Surcharges

Pitney Bowes to hire 'thousands' of employees ahead of the holiday shipping season

Pitney Bowes Inc. PBI, +0.14% announced Monday a general rate increase (GRI) of 5.9% for ecommerce services, starting Jan. 2. The shipping and mailing company's Chief Revenue Officer Patrick Allard said the 2022 GRI is being announced earlier than it every has "to put our clients in the best position to anticipate and plan for their logistics spending in 2022.

Pitney Bowes to implement 5.9% price hike starting January

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today released new results from its weekly BOXpoll® consumer survey, indicating that US consumers are beginning to act on warnings of retailers, shippers and supply chain managers to shop early for the holidays and avoid being caught empty-handed when inventories of coveted items run out. BOXpoll found that between mid-September and early

Pitney Bowes Survey: Amid Supply Chain Warnings and Early Retail Promotions, 42% of US Consumers Have Started Holiday Shopping

STAMFORD, CT--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced the expansion of its lockers portfolio to the Canadian market with the launch of ParcelPoint™ Smart Lockers, a suite of robust, secure contactless locker solutions unique to Pitney Bowes. The Canadian launch of ParcelPoint lockers comes as the Pitney Bowes Shipping Index reports record parcel growth in Canada, with 1.6 b

Pitney Bowes Launches ParcelPoint™ Smart Lockers in Canada

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced it is being recognized with the 2021 Climate Leadership Award for Excellence in Greenhouse Gas Management for the second consecutive year. Pitney Bowes will be recognized for its ongoing efforts and commitment to reducing its environmental footprint in a ceremony that will take place virtually this evening during the Climat

Pitney Bowes Recognized with 2021 Climate Leadership Award

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 the Forbes list of World's Best Employers 2021. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The list was announced on October 12, 2021 and can currently be viewed on the Forbes website. Forbes and Statista selected t

Pitney Bowes Named to Forbes List of World's Best Employers 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 Tom Doherty has been appointed Vice President, Lending Services and Products. He joins Pitney Bowes from CIBC Bank USA where he served as Managing Director and Head of Business Banking. In this global role, Tom will lead the lending business within Pitney Bowes Financial Services, w

Pitney Bowes Appoints Tom Doherty as Vice President, Lending Services and Products

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, data and financial services, today released the new Parcel Shipping Index featuring 2020 data from 13 major markets around the world. The Index finds global parcel volume reached 131.2 billion in 2020, equating to 4160 parcels shipped per second - an increase of 27 percent year-over-year. 34 parcels were generated per person,

Global Parcel Volume Exceeds 131 Billion in 2020, up 27 Percent Year-Over-Year, Finds Pitney Bowes Parcel Shipping Index

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™ consumer survey, highlighting the significant impact of the Delta variant on consumer shopping behaviors ahead of this year's peak shopping season. When Pitney Bowes last asked consumers—in May—about changes in shopping behaviors, health and safety guidance

Pitney Bowes Survey Forecasts Peak Season Boom in Ecommerce for the 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, data and financial services, today released the US data from its latest Pitney Bowes Parcel Shipping Index, ahead of the global Index launch later this month which will include data from 13 countries, including the top 8 GDP nations. Now in its sixth year, the industry report is the strongest indication to date of the pivotal

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