UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 May 2, 2024 Date of Report (Date of earliest event reported) Pitney Bowes Inc. (Exact name of registrant as specified in its charter) Delaware 1-3579 06-0495050 (State or other jurisdiction of incorporation or organization)(Commission file number) (I.R.S. Employer Identification No.) Address: TelephoneNumber: 3001 Summer Street, Stamford, Conn ...

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 a series of new tracking and returns capabilities and the expansion of its regional delivery services to the Midwest region. These new services and more will be showcased at Shoptalk, the annual retail conference taking place at Mandalay Bay in Las Vegas, Nevada, March 17 -20, 2024. “Coming off the heels of a very succe ...

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, 2023 Commission file number: 1-3579 PITNEY BOWES INC. State of incorporation: Delaware I.R.S. Employer Identi ...

FG TradePitney Bowes Inc. (NYSE:PBI) recently announced a company-wide cost reduction program, which I believe could have a beneficial effect on future FCF growth. In addition, I would expect new net sales growth driven by strong volumes of domestic parcels, network productivity, and new technological solutions in the e-commerce business. Furthermore, given previous sale of assets and divisions in the past, we could expect new transactions in 2024, which may boost the balance sheet. These are good reaso ...

Financial Performance - Total revenue for Q4 2023 was $872 million, a decline of 4% year-over-year. EBITDA improved by $15 million to $103 million, while EBIT increased by $14 million to $63 million. Adjusted EPS was $0.07 compared to $0.06 in the prior year [13][14][27] - GAAP EPS reported a loss of $1.27, which included a non-cash goodwill impairment charge of $1.24 related to the global Ecommerce segment [13] Business Segment Performance - **SendTech**: Revenue was $327 million, down 5% year-over-year, but EBIT grew by 7% to $113 million. Shipping-related revenues declined 7%, now comprising 13% of total revenue. SaaS subscription revenue from shipping products grew 42% [14][15][18] - **Presort**: Revenue grew 3% to $163 million, with EBIT up 17% to $34 million, driven by higher revenue per piece and operational excellence [21][22] - **Global Ecommerce**: Revenue was $381 million, down 7% year-over-year. Domestic parcel volumes grew 13% to 61 million parcels, but overall profitability needs improvement [23][24] Market Data - Domestic parcel volumes increased by 13% in Q4, reflecting strong performance despite a challenging market. However, revenue per piece declined by 6% due to pricing pressures and client mix [24][25] Company Strategy and Development Direction - The company is focused on streamlining operations, reducing costs, and enhancing accountability across business units. A significant shift in resources towards shipping capabilities is planned, with digital shipping solutions moved to SendTech [8][10][11] - The company aims for disciplined capital allocation and strengthening its balance sheet while continuing to execute on cost reduction initiatives [11][26] Management Commentary on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the importance of operational discipline and targeted shipping growth paths. They acknowledged the challenges faced in 2023 and the transformation expected in 2024 [11][28] - The company anticipates revenue growth to range from flat to low single-digit decline in 2024, with EBIT margins expected to remain relatively flat [27] Other Important Information - The company announced changes to its Board of Directors, welcoming new members with significant experience in corporate governance and capital allocation [29][30] - The restructuring program is on track to deliver annual run rate savings of $75 million to $85 million by the end of 2024 [26] Q&A Session Summary Question: Insight into Global Ecommerce business - Management emphasized the need for continued cost management and driving volumes into the network, with a focus on margin improvement [31][32] Question: Free cash flow expectations for 2024 - Free cash flow is expected to be somewhat north of the previous year's figures [34][35] Question: Impact of higher variable compensation and wage inflation - Variable compensation and wage inflation are anticipated to consume a significant portion of the savings from restructuring efforts [41][42] Question: Update on CEO search process - The Board is actively engaged in a search for a new CEO, with a timeline of four to six months for the process [48] Question: CapEx allocation and payback periods - Overall CapEx is expected to remain steady, with a focus on quicker paybacks for investments [83][84]

Pitney Bowes (PBI) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it was expected that this mailing equipment and software company would post a loss of $0.02 per share when it actually produced break-even earnings, delivering a surprise of 100%.Over the last f ...

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 ...

Pitney Bowes Inc. (NYSE:PBI) Q3 2023 Earnings Conference Call November 2, 2023 8:00 AM ET Company Participants Philip Landler - Vice President Investor Relations and Global Strategy Jason Dies - Interim Chief Executive Officer Ana Maria Chadwick - EVP and CFO Conference Call Participants Kartik Mehta - Northcoast Research Anthony Lebiedzinski - Sidoti & Company Peter Sakon - CreditSights Matthew Swope - Baird Operator Good morning and welcome to the Pitney Bowes Third Quarter 2023 Earnings Conference Call. ...

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: ...