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.

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 second quarter 2022. “While there were some very positive aspects to our second quarter, our financial results were below our expectations,” said Marc B. Lautenbach, President and CEO, Pitney Bowes. “In Global Ecommerce, we were not able to overcome macroeconomic headwinds, including the stren

Pitney Bowes Announces Second Quarter 2022 Financial Results

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today released its 2021 ESG Report. Since 2008, the company has reported annually on environmental, social and governance matters in its Corporate Responsibility Report. The report's new title reflects the company's commitment to responsible citizenship through the way it conducts business, creates meaningful impact in local communit

Pitney Bowes Releases ESG (Environmental, Social and Governance) Report

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced the latest release of its Designed Delivery platform, which includes new regional delivery options. Designed Delivery uses the Pitney Bowes modular Global Ecommerce network to configure bespoke services based on the needs of direct-to-consumer logistics teams. The following service areas are being launched currently: Northe

Pitney Bowes Introduces Regional Delivery Service Models for Faster, More Cost-Effective Ecommerce Shipping

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced the expansion of its Designed Delivery service into the Canadian market. The new service will enable Canadian brands and retailers to reach consumers throughout Canada and the US. “Pitney Bowes is excited to help make ecommerce logistics easier for Canadian brands and retailers,” said Gregg Zegras, EVP & President, Pitn

Pitney Bowes Expands its Designed Delivery Service to Canada

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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 Christopher Johnson, Senior Vice President and President, Financial Services, has been named to Savoy Magazine's 2022 Most Influential Black Executives in Corporate America list. As the leader of Pitney Bowes Financial Services, Christopher has accountability for all aspects of the business including strategy, growth

Pitney Bowes Christopher Johnson Named to Savoy Magazine's 2022 Most Influential Black Executives in Corporate America List

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PBI has been under pressure amid the broader market selloff and concerns over global growth hitting demand for mailing services. While shares have been volatile, overall fundamentals remain positive including recurring profitability and improving margins from its key e-commerce solutions segment.

Pitney Bowes: Check The Mail For This 5.5% Dividend Yield

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Global-e has completed its acquisition of Borderfree, a cross-border e-commerce business owned by Pitney Bowes. The company paid $100 million in cash for the business, which helps retailers enter new global markets by localizing their websites.

Global-e acquires cross-border e-commerce business from Pitney Bowes

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 examining how rising inflation and interest rates, retailer overstocks, and loosening COVID-19 mandates will affect consumer shopping patterns in the next three to six months. Discounts As Americans grapple with record-high inflation rates, inventory surpluses among large retai

Pitney Bowes Survey: Half of US Online Shoppers Plan to Take Advantage of Anticipated Markdowns Due to Inventory Surpluses

Global-E Online Ltd. GLBE, +6.72% announced early Tuesday that it has entered into a definitive agreement to acquire Pitney Bowes Inc.'s PBI, +2.07% e-commerce global mailing and shipping business, Borderfree, for $100 million, financed in cash.

Global-E to acquire Pitney Bowes' global shipping business

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 achieved U.S. Federal Risk and Authorization Management Program (FedRAMP) authorization for the SendPro 360TM solution, its next-generation sending and receiving platform. The FedRAMP authorization is testament to Pitney Bowes firm commitment to the security of data within its SendPro 360 platform and sustained

Pitney Bowes SendPro 360 Achieves FedRAMP Security Authorization to Begin Offering Secure Cloud Services to Federal Agencies

American Eagle Outfitters

Just a few days after it was one of the lone bright spots in American Eagle Outfitters' Q1 2022 earnings report, the retailer's logistics platform continues to make moves. Quiet Platforms, the outfitter's delivery and fulfillment subsidiary, on Tuesday announced a collaboration with global shipper Pitney Bowes (NYSE: PBI) to bring value-added carrier services to its network, an open-sharing platform that's aiming to become the “anti-Amazon.

American Eagle's Quiet Platforms partners with global shipper Pitney Bowes

PITTSBURGH & STAMFORD, Conn.--(BUSINESS WIRE)--Quiet Platforms, a wholly owned subsidiary of American Eagle Outfitters Inc. (NYSE: AEO), announced a partnership with Pitney Bowes (NYSE: PBI), a global shipping and mailing company. This partnership builds on the industry-leading logistics capabilities available to customers in the Quiet Platforms network, offering fast and efficient delivery options. Under the agreement, Pitney Bowes will provide value-added carrier services, allowing customers

Quiet Platforms Partners With Pitney Bowes to Offer Brands Fast and Efficient Delivery

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 2021 from its latest Pitney Bowes Parcel Shipping Index. Announced ahead of its usual fall schedule to meet widespread interest, the Index reveals the continuing impact of the pandemic on the shipping and logistics industries. US parcel volume grew six percent in 2021 reaching a record high of 21.5 billi

Pitney Bowes Parcel Shipping Index Finds US Parcel Volume Reached Record High of 21.5 Billion in 2021

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes, a global shipping and mailing company that provides technology, logistics, and financial services, today announced the opening of a new Presort Services Mega Center in Las Vegas, Nevada. The 175,000 square foot facility is the company's largest-ever Presort Services operating center and will be the first to process First-Class™ Letters & Flats; Marketing Mail® Letters, Flats and Parcels; and Bound Printed Matter all in a single facility. “We a

Pitney Bowes Opens First Presort Services ‘Mega Center' in Las Vegas

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Pitney Bowes Inc (NYSE: PBI) reported first-quarter FY22 sales growth of 1.3% year-on-year to $926.94 million, missing the consensus of $931.76 million. Global Ecommerce revenue grew 1% Y/Y to $419 million, Presort services increased 12% to $161 million, and SendTech Solutions.

Why Pitney Bowes Shares Are Trading Higher Today

Pitney Bowes Inc. (NYSE:PBI ) Q1 2022 Earnings Conference Call April 28, 2022 8:00 AM ET Company Participants Marc Lautenbach - President and Chief Executive Officer Ana Chadwick - Executive Vice President and Chief Financial Officer Ned Zachar - Vice President, Investor Relations Conference Call Participants Ananda Baruah - Loop Capital Kartik Mehta - Northcoast Research Jeff Harlib - Barclays Operator Good morning, and welcome to the Pitney Bowes First 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) CEO Marc Lautenbach on Q1 2022 Results - Earnings Call Transcript

Shares of the mailing services company got a boost from its first-quarter 2022 earnings update. Here's a quick look at why.

Why Pitney Bowes Stock Rallied 24% at the Open Today

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 first quarter 2022. “Our first quarter performance was very good and marks a continuation of the trend that we were on for most of last year,” said Marc B. Lautenbach, President and CEO of Pitney Bowes. “We saw substantial margin expansion in our Global Ecommerce business and excellent executi

Pitney Bowes Announces First Quarter 2022 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 a next-generation portfolio of ecommerce logistics service platforms designed to address the varied needs of direct-to-consumer brands, omnichannel retailers, marketplaces, and third party logistics operators. Designed Delivery, Designed Returns, Designed Cross-Border and Designed Fulfillment from Pitney Bowes combines cons

Pitney Bowes Introduces Portfolio of Modular, Flexible Ecommerce Logistics Services to Support the Unique Needs of Growing Brands

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 Forbes America's Best Employers for Diversity 2022 list for the third consecutive year. In collaboration with analytics firm Statista, Forbes identified The Best Employers for Diversity through an independent survey of over 60,000 U.S. employees working for companies employing more than 1,000 people in

Forbes Lists Pitney Bowes as One of the Best Employers for Diversity 2022

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.

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