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.

HOUSTON--(BUSINESS WIRE)--Bradley L. Radoff today released the below letter to two members of the Pitney Bowes, Inc. (NYSE: PBI) Board of Directors. *** Pitney Bowes, Inc. 3001 Summer Street Stamford, CT 06926 Attention: Independent Directors Steven Brill and Darrell Thomas August 21, 2023 Dear Messrs. Brill and Thomas, I own a meaningful equity stake in Pitney Bowes, Inc. (“Pitney Bowes” or the “Company”), making me one of the Company's largest individual shareholders. I hoped that you two, de.

Bradley L. Radoff Issues Letter to Recently-Appointed Directors Steven Brill and Darrell Thomas Regarding the Need for Urgent Action at Pitney Bowes

The best scenario for investors is for Pitney Bowes to sell the Global Ecommerce segment. A sale of the Global Ecommerce segment would result in the remaining company earning over $1.50 per share and growing at over 4% annually. At a 10x PE ratio the remaining company would be valued at over $15 per share.

I Was Wrong About Pitney Bowes: Time To Sell Global Ecommerce!

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today issued an open letter to Stamps.com customers encouraging them to switch to PitneyShip in the wake of a recent and sudden price increase by Stamps.com. The PitneyShip software solution is superior in its ability to print shipping labels and stamps at discounted prices and is already priced 25 percent less than Stamps.com. Any b.

Pitney Bowes Issues Open Letter to Stamps.com Customers Encouraging them to Switch to PitneyShip

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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 their Global Parcel Shipping Index, unveiling ‘22 data from 13 major countries worldwide. The Index highlights that global parcel volume reached 161 billion in ‘22, equivalent to 5,102 parcels shipped every second marking a 1 percent increase from ‘21. Notably, the Index reveals China's parcels experienced the slowest.

Pitney Bowes Parcel Shipping Index Confirms Extended Effects of COVID-19 Lockdowns on Chinese Shipping Through 2022

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 2023. “We saw similar trends that affected first quarter results continue into the second quarter, and we took several significant actions to position the company well for the second half of the year,” said Marc B. Lautenbach, President and Chief Executive Officer. “SendTech and.

Pitney Bowes Announces Second Quarter 2023 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 the expansion of its regional delivery service models to more than 20 major cities across the Southeast and Southwest United States. The company will leverage its Designed Delivery Platform for ecommerce shippers, including its national network of highly automated sort centers and best-in-class technology, to process parcel.

Pitney Bowes Expands Regional Delivery Services to More Than 20 Major US Cities for Faster, More Cost-Effective Ecommerce Shipping

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Pitney Bowes: UPS Strike Makes The Turnaround Story Even Stronger

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 expansion of its ParcelPointTM Smart Locker product suite with two significant additions: Outdoor Smart Lockers solutions and Workplace Day Use functionality. These innovations address the growing demand for safe, secure and flexible parcel and storage management in today's dynamic hybrid work and educational envi.

Pitney Bowes Expands ParcelPoint Smart Locker Solutions with Outdoor Lockers and Workplace Day Use Functionality

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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 that the Pitney Bowes Board of Directors has elected Mary J. Steele Guilfoile as Non-Executive Chair of the Board, effective immediately. “Mary has been a valuable member of the Pitney Bowes Board of Directors since 2018,” said Marc B. Lautenbach, President and CEO, Pitney Bowes. “She has the knowledge, expertise, passion,.

Pitney Bowes Board of Directors Elects Mary J. Guilfoile as Non-Executive Chair of the Board

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 chosen by the US Navy to support its package distribution transformation by using Pitney Bowes ParcelPoint™ Smart Lockers. The Department of Navy has awarded Pitney Bowes a 7.4-million-dollar contract for the use of our FedRAMP solutions that includes intelligent lockers to assist in package distribution w.

US Navy Chooses Pitney Bowes to Assist in Package Distribution Worldwide

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Pitney Bowes CEO Marc Lautenbach retained his board seat despite the election of four Hestia Capital Management candidates.  Pitney Bowes CEO Marc Lautenbach continues in his job despite the election of four director candidates proposed by Hestia Capital Management to its board.

Hestia secures 4 Pitney Bowes board seats but CEO holds on

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 holds a 9.1% stake, today commented on the outcome of the Company's 2023 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, stockholders voted to elect four of Hestia's highly qualified and independent candidates – Milena Alberti-Perez, Todd Evere.

Hestia Capital Thanks Fellow Stockholders for Their Support at Pitney Bowes' 2023 Annual Meeting

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (the “Company”) (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced the preliminary results of the Company's 2023 Annual Meeting of Shareholders (the “Annual Meeting”). Based on the preliminary tabulation by the Company's proxy solicitor, the Company believes that the following director nominees have been elected: Milena Alberti-Perez Steven D. Brill Todd Everett Marc B. Lau.

Pitney Bowes Announces Preliminary Results from its 2023 Annual Meeting of Shareholders

Activist investor Hestia Capital is poised to shortly take control of the parcel delivery, mail sortation, and postage meter provider Pitney Bowes. Hestia intends to pursue operational improvements and dispose of the underperforming parcel delivery segment.

Pitney Bowes: Activist Pressure Is Likely To Catalyze This SOTP Gem

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (the “Company”) (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today issued the following statement 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: Your vote is critical and more important than ever. As we enter the final days before Pitney Bowes' May 9 Annual Meeting, we urge you to vot.

Pitney Bowes Board of Directors Issues Statement to Shareholders

Pitney Bowes Inc. (NYSE:PBI ) Q1 2023 Earnings Conference Call May 4, 2023 8:00 AM ET Company Participants Ned Zachar - Vice President, Investor Relations Marc Lautenbach - President and Chief Executive Officer Ana Maria Chadwick - Executive Vice President and Chief Financial Officer Conference Call Participants Matt Swope - Baird Ananda Baruah - Loop Capital Kartik Mehta - Northcoast Research Operator Good morning and welcome to the Pitney Bowes' First Quarter 2023 Earnings Conference Call. [Operator Instructions] I would now like to introduce participants on today's conference call, Mr.

Pitney Bowes Inc. (PBI) Q1 2023 Earnings Call Transcript

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (the “Company”) (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced that its Board of Directors has approved two key governance enhancements. These changes reflect the Company's ongoing commitment to best corporate governance practices. The Board will submit a proposal at the 2024 annual meeting of shareholders to amend the Company's certificate of incorporation to give shar.

Pitney Bowes Board Commits to Key Governance Enhancements

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 2023. “The trends in the first quarter were largely a continuation of the dynamics we experienced last quarter,” said Marc B. Lautenbach, President and Chief Executive Officer. “Our SendTech and Presort businesses performed as expected. We remain pleased with domestic parcel impr.

Pitney Bowes Announces First Quarter 2023 Financial Results

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 holds a 9.1% stake, today announced that all three independent proxy advisory firms – Egan-Jones Proxy Services (“Egan-Jones”), Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”) – are recommending that the Company's stockholders vote.

Hestia Capital Highlights That Egan-Jones Joins ISS and Glass Lewis in Recommending Stockholders Vote FOR Meaningful Boardroom Change at Pitney Bowes

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”), today commented on Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co.'s (“Glass Lewis”) recommendations that Pitney Bowes' stockholders support meaningful boardroom change at the Company's 2023 Annual Meeting of Stockholders (the “Annual Meeting”). As a.

Hestia Capital Highlights Recent Support from Two Leading Independent Proxy Advisory Firms

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (the “Company”) (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced that two of its recently appointed independent directors, Steven D. Brill and J. Darrell Thomas, 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. The full text of the letter follows: May 1, 2023.

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