Pitney Bowes(US:PBI) Businesswire·2025-10-29 20:10Core Insights - Pitney Bowes reported earnings growth and significant capital returns to shareholders, increasing share repurchase authorization to $500 million after over $280 million in year-to-date buybacks and raising dividends for the fourth consecutive quarter [1][2] Financial Performance - For Q3 2025, the company reported GAAP EPS of $0.30, an improvement of $1.06 year-over-year, while adjusted EPS was $0.31, up $0.10 from the previous year [3][6] - Total revenue for Q3 2025 was $459.7 million, down 8% from $499.5 million in Q3 2024 [6][22] - The company achieved a GAAP net income of $52 million, an improvement of $190 million year-over-year [6][20] Business Segments - SendTech Solutions revenue decreased by 6% to $310.8 million, attributed to prior year product migration and a decline in the mailing install base [6][22] - Presort Services revenue fell by 11% to $149 million, with adjusted segment EBITDA down 24% to $42 million [6][22] Strategic Initiatives - The company made significant progress in its strategic review, identifying $50 million to $60 million in additional cost savings [1][2] - Pitney Bowes expects to achieve near the low end of its previously disclosed guidance for revenue, adjusted EBIT, and free cash flow, while aiming for the midpoint of adjusted EPS guidance [10]