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

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Earnings data Q1 2024

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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.

Pitney Bowes is a tech company offering digital, physical, and financing solutions to help clients send mails and parcels. 65% of the revenue reported by SendTech's division appears to be recurrent.

Pitney Bowes: Upside Potential Thanks To Digital Innovation And Recurrent Sales

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today released new findings from its BOXpoll surveys, indicating that US online retailers face significant logistical and financial challenges due to the high cost and increasing number of ecommerce returns. According to the BOXpoll survey of medium and large-size digital and omnichannel brands, online returns cost retailers an average 21%

Pitney Bowes Survey: Returns Cost US Online Retailers 21% of Order Value

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 signed a new credit facility for Medgluv, Inc of Coral Springs, Florida. Medgluv, a manufacturer and distributor of healthcare supplies, has experienced a surge in demand of disposable medical gloves and PPE supplies over the past two years. Assurance supplies of PPE is key to all their customers in the Healthcare a

Pitney Bowes Financial Services Makes Growth Capital Investment in Medgluv, Inc

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Rent-a-robot concept delivers affordable automation to warehouse operators

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced the launch of PitneyShipTM Pro to the Canadian market. PitneyShip Pro is a cloud-based sending solution engineered to meet the needs of today's business world. The first shipping solution to be built on the powerful new SaaS Pitney Bowes Shipping 360 platform, PitneyShip Pro integrates next-generation design with advanced

Pitney Bowes Launches PitneyShip Pro 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 that Johnna Torsone, Executive Vice President and Chief Human Resources Officer, is retiring from Pitney Bowes after a distinguished 32-year career. Torsone will remain as senior executive advisor and Chair of the PB Foundation Board through a short transition. The Company also announced that long-time human resource executi

Pitney Bowes Announces Johnna Torsone to Retire as Global Chief Human Resources Officer

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 partnered with Funding Circle (LSE: FCH), a leading online small business lending platform, to provide loans to their small business customers. Powered by Funding Circle's world class machine learning and technology platform, Pitney Bowes will offer small business term loans to their customers, who will benefit

Pitney Bowes and Funding Circle Launch Innovative Partnership to Support Small Business Lending

Global parcel shipping firm Pitney Bowes is expanding its relationship with Ambi Robotics as it seeks to improve its e-commerce supply chain operations. The firm will spend $23 million to expand use of Ambi's AmbiSort AI-powered robotics sorting systems in e-commerce hubs throughout the U.S. “As we continue to scale our global e-commerce business, Pitney Bowes is working with some of the most innovative companies in the industry to configure new solutions that improve our service offerings and make B2C e-commerce logistics easier for our clients,” said Gregg Zegras, executive vice president and president of global e-commerce at Pitney Bowes, in Wednesday's announcement.

Pitney Bowes to expand robotics, deploy AmbiSort tech in e-commerce hubs

STAMFORD, Conn. & BERKELEY, Calif.--(BUSINESS WIRE)--Pitney Bowes (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services and Ambi Robotics, the leader in robotic sorting systems for supply chain operations, today announced a $23 million deployment expansion of AmbiSort systems in Pitney Bowes ecommerce hubs across the US. The AI-powered robotics will help Pitney Bowes speed parcel sortation to last-mile delivery providers, while improving

Pitney Bowes and Ambi Robotics Sign $23 Million Deployment Expansion To Help Optimize Last-Mile Sorting Across US Hubs

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STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Calls for Redemption of Outstanding 4.700 Percent Notes Due 2023

Pitney Bowes Calls for Redemption of Outstanding 4.700 Percent Notes Due 2023

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today released new findings from its BOXpoll consumer surveys as the end of the peak holiday shipping and returns season coincides with high inflation, continued supply chain pressures, and most U.S. states lifting mask mandates and COVID-19 restrictions. As consumers continue to adapt, some trends are beginning to emerge – including a ren

Pitney Bowes Survey: As Retailers Expand Curbside Pickup Options, 64% of Consumers Still Prefer At-Home Delivery

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 PitneyShipTM Pro, a cloud-based sending solution engineered to meet the needs of today's business world. The first shipping solution to be built on the powerful new SaaS Shipping 360™ platform from Pitney Bowes, PitneyShip Pro integrates next-generation design with advanced shipping and mailing functiona

Pitney Bowes Launches PitneyShip Pro

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 2022 by Forbes magazine. This is the third year the company has been included in the rankings. “Our people are the heart of our business. They are the ones that make Pitney Bowes a great place to work,” said Marc B. Lautenbach, President and CEO. “We are extremely honored to be inclu

Pitney Bowes Recognized as One of America's Best Large Employers 2022 by Forbes Magazine

Pitney Bowes Inc's (NYSE: PBI) Pitney Bowes Bank signed a term loan and accompanying revolving line of credit with Zion Delivery Service, Inc (ZDS) of Long Beach, California. ZDS specializes in Last-Mile Delivery support for large national and regional carriers in Los Angeles County, Orange County, and other markets across Southern California.

Pitney Bowes Financial Inks Term Loan With Zion Delivery Service

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 Pitney Bowes Bank has signed a term loan and accompanying revolving line of credit with Zion Delivery Service, Inc (ZDS) of Long Beach, California. ZDS specializes in Last Mile Delivery support for large national and regional carriers in Los Angeles County, Orange County and other markets across Southern Cali

Pitney Bowes Financial Services Signs Term Loan with Zion Delivery Service

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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 announced the roll out of a transformational best-in-class banking platform in 2022. The modern platform from Fiserv, a leading global provider of payments and financial services technology, creates the foundation for Pitney Bowes' bank to extend and expand its offerings to small and midsize businesses. It will improve efficien

Pitney Bowes Enables Transformation with New Banking Platform from Fiserv

Pitney Bowes Inc. (PBI) CEO Marc Lautenbach on Q4 2021 Results - Earnings Call Transcript

Shares of Pitney Bowes Inc. PBI, -15.58% tumbled 15.6% in midday trading Tuesday, enough to pace the NYSE's decliners, after the shipping and mailing company reported fourth-quarter profit that fell below expectations, amid disappointing domestic parcel volumes. Net income fell to $1.3 million, or 1 cent a share, from $20.3 million, or 11 cents a share, in the year-ago period.

Pitney Bowes stock tumbles to lead NYSE losers after profit miss, domestic parcel volume disappoints

Shares of the global shipping and mailing company dropped sharply after it reported earnings.

Why Pitney Bowes Stock Crumbled 20.5% at the Open Today

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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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.

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