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.

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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.

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.

Adding To My (Painful) Pitney Bowes Trade

eBay

Pitney Bowes announced it will continue to support eBay sellers as the e-commerce platform transitions from its Global Shipping Program (GSP) to the new eBay International Shipping service. Both programs support retailers selling across borders in the U.S. The global shipping and mailing company also said it has renewed its agreement with eBay to continue supporting eBay's U.K. Global Shipping Program.

Pitney Bowes, eBay extend cross-border shipping partnership

Pitney Bowes and eBay Announce Key Cross-Border Partnerships in the US and UK

Pitney Bowes Inc. (NYSE:PBI ) Q3 2022 Earnings Conference Call November 1, 2022 8:00 AM ET Company Participants Ned Zachar - Vice President, Investor Relations Marc Lautenbach - President and CEO Ana Maria Chadwick - Executive Vice President and CFO Conference Call Participants Ananda Baruah - Loop Capital Markets Anthony Lebiedzinski - Sidoti & Company Kartik Mehta - Northcoast Research Matt Swope - Baird Tim Call - The Capital Management Corporation Operator Good morning and welcome to the Pitney Bowes Third 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) Q3 2022 Earnings Call Transcript

Pitney Bowes Announces Third Quarter 2022 Financial Results

Pitney Bowes Global Ecommerce Enters Peak with New and Expanded Client Relationships

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Pitney Bowes Boosts Shipping 360 Platform With New Applications

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Pitney Bowes Presort Services Expands into Salt Lake City Valley

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STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today released the new Parcel Shipping Index featuring 2021 data from 13 major markets around the world. The Index reveals China generated 108 billion parcels in 2021, making it the first country to exceed 100 billion parcels within one year, as forecasted in last year's report. Global parcel volume reached 159 billion in 2021 equati

Pitney Bowes Parcel Shipping Index Reveals China Is First Country to Ship 100 Billion Parcels as Global Parcel Volume Reaches 159 Billion In 2021

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes to present at the Deutsche Bank Leveraged Finance Conference. Gregg Zegras to discuss ecommerce long-term plan

Pitney Bowes to Present at the Deutsche Bank Leveraged Finance Conference

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Pitney Bowes recently reported disappointing Q2 2022 financial results as high fuel prices, China's Covid policy, and a strong Dollar hurt profitability and growth. Due to the company's large debt load, there isn't much room for continued underperformance. Continued short-term economic issues could spell more trouble.

Finding The Value In Pitney Bowes

Self-driving delivery truck startup Gatik will deploy its Class 6 box trucks for global shipping and mailing firm Pitney Bowes' ecommerce deliveries in Dallas, Texas, the companies said on Wednesday.

Startup Gatik to deploy self-driving trucks for Pitney Bowes in Dallas

Starting in early 2023, Gatik's autonomous class 6 fleet will establish a continuous, operational loop across the Pitney Bowes e-commerce logistics network in Dallas.

Gatik Notches Yet Another Major Customer In Pitney Bowes, With Latest Automated Trucking Deployment In Dallas

Gatik trucks will supplement five existing Pitney Bowes routes in the Dallas area and will run packages between distribution centers.

Autonomous delivery company Gatik wins new pilot program with Pitney Bowes in Dallas

MOUNTAIN VIEW, Calif. & STAMFORD, Conn.--(BUSINESS WIRE)--Gatik, the market leader in autonomous middle mile logistics, today announced a multi-year commercial agreement with Pitney Bowes (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500. Under the agreement, Gatik will integrate its class 6 autonomous box trucks into the Pitney Bowes ecommerce logistics network in the Dallas, Texas market be

Gatik and Pitney Bowes Partner to Deploy Autonomous Trucks for Ecommerce Shipments in Dallas Market

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News for Pitney Bowes Stock (PBI)