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Pitney Bowes (PBI) Presents At Sidoti Spring Small Cap Virtual Conference
Pitney BowesPitney Bowes(US:PBI)2022-03-31 18:35

Business Overview - Pitney Bowes has been in operation for 101 years[4] - In 2021, the company processed 175 million domestic ecommerce parcels through 17 warehouses[4] - The company's 40+ Presort sorting facilities processed over 17 billion pieces of mail in 2021[4,7] - The company has an installed base of approximately 1 million postage meters[4,10] Financial Performance - The company's 2021 revenue was $3.7 billion[4] - The company's 2021 EBITDA was $366 million[4] - The company's 2021 free cash flow was $154 million[4] - Presort Services accounted for 46% of the company's 2021 revenue, generating $1.70 billion[5] - SendTech accounted for 16% of the company's 2021 revenue, generating $573 million[5] - Global Ecommerce accounted for 38% of the company's 2021 revenue, generating $1.40 billion[5]