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 2023

Earnings data Q2 2023

Pitney Bowes, Inc. is a technology company, which engages in the provision of products and solutions in the commerce industry. It operates through the following segments: Global Ecommerce, Presort Services, and Send Technology (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.

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 US data for 2022 from its latest Pitney Bowes Parcel Shipping Index. Coming off two-years of pandemic-fueled growth, parcel volumes decreased 2% in 2022, but remain on a trajectory that far outpaces predictions made prior to the pandemic. The US shipped, received and returned 21.2 billion parcels in 2022, 1.

Pitney Bowes Parcel Shipping Index Finds US Volumes One Year and One Billion Parcels Ahead of Pre-Pandemic Forecast

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today issued a letter to Pitney Bowes shareholders in connection with the Company's 2023 Annual Meeting of Shareholders (the “Annual Meeting”) to be held on May 9, 2023. All Pitney Bowes shareholders of record as of the close of business on March 10, 2023 will be entitled to vote at the Annual Meeting.

Pitney Bowes Board of Directors Issues Letter to Shareholders

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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, announced today that Ned Zachar, Vice President, Investor Relations, and Alex Brown, Senior Manager, Investor Relations, will present and hold one-on-one meetings with investors at the Sidoti Virtual Conference beginning Wednesday, March 22nd, through Thursday, March 23rd.

Pitney Bowes to Present at the Sidoti Virtual Conference on March 22

STAMFORD, Conn.--(BUSINESS WIRE)--The Pitney Bowes Order Experience Index offers insights from a year's worth of consumer data about the ecommerce journey, from checkout to returns.

Pitney Bowes Releases Order Experience Index to Help Direct-to-Consumer Retailers Navigate Post-Pandemic Market

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 8.4% of the Company's outstanding common stock, today announced that it has filed a definitive proxy statement with the U.S.

Hestia Capital Files Definitive Proxy Statement and Sends Letter to Pitney Bowes Stockholders

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced that it has filed its definitive proxy statement and GOLD proxy card with the U.S. Securities and Exchange Commission (“SEC”) in connection with its upcoming 2023 Annual Meeting of Shareholders (the “Annual Meeting”) to be held on May 9, 2023. Pitney Bowes is urging all shareholders to vote on the GOLD proxy card.

Pitney Bowes Files Definitive Proxy Materials in Connection with May 9, 2023 Annual Meeting

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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 8.4% of the Company's outstanding common stock, today announced that it is filing a preliminary proxy statement with the U.S.

Hestia Capital Is Filing a Preliminary Proxy Statement in Connection with Pitney Bowes' 2023 Annual Meeting of Stockholders

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, will participate in the 2023 J.P. Morgan Global High Yield & Leveraged Finance Conference in Miami Beach, Fla., on Monday, March 6, 2023.

Pitney Bowes to Participate at the J.P. Morgan Global High Yield and Leveraged Finance Conference

Fintel reports that Hestia Capital Partners has filed a 13D/A form with the SEC disclosing ownership of 14.63MM shares of Pitney Bowes Inc.

Hestia Capital Partners Now Owns 8.4% of Pitney Bowes

Parcel technology and shipping company Pitney Bowes Inc. (NYSE: PBI) announced late Thursday a major reshuffling of its board of directors, with a top retired UPS Inc. executive stepping in and three others choosing to retire. Steve Brill, former president of UPS' (NYSE: UPS) corporate strategy, and Darrell Thomas, former CFO at Harley-Davidson Inc. (NYSE: HOG) have been appointed to Pitney Bowes' board.

Pitney Bowes chair steps down as firm girds for proxy fight

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced that it has filed its preliminary proxy materials with the Securities and Exchange Commission (“SEC”) in connection with its upcoming 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”). The preliminary proxy statement is available on the Investor Relations section of the Company's website at https://www.

Pitney Bowes Files Preliminary Proxy Statement and Announces Board Changes

There has been recent activist activity involving Pitney Bowes. I agree whole heartedly with this outside push to get the board and management team to unlock shareholder value. I opened a position in the stock after this news came out because with the additional pressure of outside shareholders, I think the risk/reward for owning the stock is favorable.

Pitney Bowes: FY 2022 And Activist Update; Risk-Reward Favorable

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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

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 its Board of Directors has declared a quarterly cash dividend on the company's common stock of $0.05 per share. The dividend will be paid on March 14, 2023 to stockholders of record on February 17, 2023.

Pitney Bowes Declares Common Stock Dividend

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

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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 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.

News for Pitney Bowes Stock (PBI)