Pitney Bowes(PBI) - 2025 Q1 - Earnings Call Presentation

Financial Performance Overview - Revenue was $493 million, a 5% year-over-year decrease [11] - GAAP EPS improved by $0.21 year-over-year to $0.19 [11] - Adjusted EPS increased by $0.14, or 74%, year-over-year to $0.33 [11] - Adjusted EBIT increased by $26 million, or 28%, year-over-year to $120 million [11] Segment Performance - SendTech Solutions revenue decreased by 9% to $298 million [14] - Presort Services revenue increased by 5% to $178 million [20] - SendTech Solutions Adjusted Segment EBITDA increased by 2% to $106 million [14] - Presort Services Adjusted Segment EBITDA increased by 30% to $64 million [20] Strategic Initiatives - The company eliminated $34 million in annualized costs during the first quarter, bringing the run-rate to $157 million in net annualized savings [28] - The company repurchased $15 million of shares in Q1 and an additional $12 million through May 2, 2025 [25] - The company repurchased $23 million of debt in Q1 and an additional $14 million through May 2, 2025 [25]