Pitney Bowes Fourth Quarter 2023 Earnings Forward Looking Statements This document contains “forward-looking statements” about the Company’s expected or potential future business and financial performance. Forward-looking statements include, but are not limited to, statements about future revenue and earnings guidance and future events or conditions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially fr ...

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, 2024 to stockholders of record on February 9, 2024. About Pitney Bowes Pitney Bowes (NYSE:PBI) is a global shipping and mailing company that provides technology, logistics, an ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2023 was $784 million, a decline of 1% year-over-year [12] - Adjusted EBITDA grew by $6 million year-over-year to $84 million [12] - Adjusted EBIT increased by $5 million to $43 million, but higher interest expenses resulted in adjusted EPS of 0 [12] Business Segment Data and Key Metrics Changes - **SendTech**: Reported revenues of $318 million, down 3% year-over-year, but EBIT margin expanded by 200 basis points due to improved productivity [13][15] - **Presort**: Generated revenue of $152 million, up 5% from the prior year, with adjusted segment EBIT increasing by 42% to $29 million [16][17] - **Global E-commerce (GEC)**: Revenues were $313 million, down 1% year-over-year, with adjusted EBIT loss of $42 million compared to a loss of $35 million last year [18] Market Data and Key Metrics Changes - Domestic parcel processed 51 million packages, representing a growth of 38% year-over-year, translating to 29% revenue growth [19] - Cross-border revenue declined by $57 million, impacting overall GEC performance [18] Company Strategy and Development Direction - The company is focused on cost reduction and restructuring, with an increased target for annualized expense savings from $75 million to approximately $115 million [10][21] - The SendTech and Presort segments are seen as cornerstones for sustained value, while GEC is being re-evaluated to reduce losses [9][11] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the unsustainable losses in GEC and is taking short-term actions to improve profitability [26] - The company expects full-year revenue to decline between 3% and 4% on a comparable basis, with adjusted EBIT margins remaining flat [22] Other Important Information - The company has made significant progress in restructuring, with $17 million in charges recorded during the quarter [21] - The capital structure remains a priority, with a focus on reinvesting in the business and selective acquisitions [63] Q&A Session Summary Question: What changes are anticipated in the e-commerce business to achieve profitability? - Management recognizes the unsustainable losses and is exploring short-term improvements while restructuring operations [26][27] Question: What is the outlook for pricing in the industry during the holiday season? - There is significant pricing pressure due to market overcapacity, but management is cautiously optimistic about leveraging pricing strategies [30][31] Question: Are there further automation opportunities in Presort? - Continuous productivity improvements are expected as the team focuses on optimizing transportation and automation [34] Question: What are the sources of the additional $40 million in restructuring savings? - Savings will come from cost of goods sold and overhead reductions, with a focus on simplifying operations [38][39] Question: Is there a plan for drastic actions regarding GEC? - Management believes in the value of the domestic parcel side of GEC and is focused on improving profitability rather than drastic measures [50][51] Question: How is the company preparing for the holiday season regarding labor? - The company has improved its ability to flex labor in response to volume changes, ensuring better preparedness for peak season [53][55] Question: What is the focus for capital structure moving forward? - The priority is on reinvesting in the business, with considerations for acquisitions and market repurchases [63]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 1-03579 PITNEY BOWES INC. (Exact name of registrant as specified in its charter) State of incorporation: ...

Pitney Bowes Inc. (NYSE:PBI) Q2 2023 Earnings Conference Call August 3, 2023 8:00 AM ET Company Participants Alex Brown - Senior Manager, IR Marc Lautenbach - President and CEO Ana Maria Chadwick - EVP and CFO Conference Call Participants Anthony Lebiedzinksi - Sidoti and Company Kartik Mehta - Northcoast Research Matt Swope - Baird Peter Sakon - CreditSights Operator Good morning and welcome to the Pitney Bowes Second Quarter 2023 Earnings Conference Call. Your lines have been placed in a listen-only mode ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 1-03579 PITNEY BOWES INC. (Exact name of registrant as specified in its charter) State of incorporation: Dela ...

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 Instru ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 1-03579 PITNEY BOWES INC. (Exact name of registrant as specified in its charter) State of incorporation: Del ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, $1 par value per share PBI New York Stock Exchange 6.7% Notes due 2043 PBI.PRB New York Stock Exchange ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Commission file number: 1-3579 PITNEY BOWES INC. State of incorporation: Delaware I.R.S. Employer Identi ...

Pitney Bowes Fourth Quarter 2022 Earnings January 31, 2023 Forward Looking Statements This document contains "forward-looking statements" about the Company's expected or potential future business and financial performance. Forward-looking statements include, but are not limited to, statements about future revenue and earnings guidance and future events or conditions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to dif ...