Pitney Bowes Inc.

Pitney Bowes Announces Strong Financial Results for Third Quarter 2026 and Issues CEO Letter

Pitney Bowes posted Q3 2026 revenue of $456 million (down 1% YoY) with adjusted EPS up 35% to $0.42 and GAAP diluted EPS of $0.37. Adjusted free cash flow more than doubled to $147 million from $60 million a year ago, and the company raised its full-year revenue and FCF guidance midpoints while narrowing EBIT and EPS ranges. Capital allocation was active: $148 million of debt reduced in the quarter, the $585 million Term Loan B repriced 75 bps lower, $28 million of buybacks YTD-plus-Q4, and the $0.10 quarterly dividend declared for December 8 payment. Presort volumes grew 4% YoY, aided by new customers from a competitor's exit from mail sortation — a tailwind flagged as boosting prepayments in the FCF guidance.

•11d ago

Pitney Bowes Launches the SendPro® CX Series

Pitney Bowes launched the SendPro CX Series, a next-generation sending technology for mid-volume mailers that make up the majority of its client base. The line emphasizes faster processing, simpler navigation, and centralized visibility through integration with the Shipping 360 platform for multi-location organizations. The launch signals continued investment in the core mailing business but includes no disclosed revenue, pricing, or guidance impact.

•1mo ago

Pitney Bowes Announces Repricing of $585 Million Term Loan B, Reducing Interest Margin by 75 Basis Points

Pitney Bowes repriced its $585 million Term Loan B due March 2032, cutting the interest margin by 75 basis points to SOFR + 300 bps, saving roughly $4 million in annual interest expense. The repricing follows an S&P Global Ratings upgrade to 'BB-' from 'B+' and a series of liability-management actions including tender offers that retired over $126 million of debt at approximately 86 cents on the dollar, capturing roughly $18 million of value. Together, these actions cut annualized interest expense by about $13 million, and management flagged greater flexibility for opportunistic share repurchases and business investment.

•1mo ago

Pitney Bowes Presort Services Expands Capacity with Automation and Facility Investments, Plans to Add 400+ Associates to Support Mailers Amid Industry Closures

Pitney Bowes is expanding the capacity of its Presort Services business to accommodate volume from the planned closure of competitor Postal Center International (PCI). To support this influx, the company plans to add 400 new employees and invest in new high-speed sorting equipment across its national network. PBI currently processes 14 billion pieces of mail annually for over 2,000 clients and positions itself as a stable partner for businesses facing operational disruption from industry consolidation.

•2mo ago

Pitney Bowes Inc. Commences Cash Tender Offers for Two Series of Notes

Pitney Bowes launched cash tender offers to repurchase up to $50 million in aggregate principal of its 6.70% Notes due 2043 and 5.250% Notes due 2037. The offers represent a discount to par value, priced at $22.00 per $25 principal for the 2043 Notes and $850.00 per $1,000 principal for the 2037 Notes. The company intends to fund the repurchases using cash on hand, with the offers set to expire on September 18, 2026.

•2mo ago

Pitney Bowes Announces Financial Results for Second Quarter 2026 and Issues CEO Letter

Pitney Bowes reported Q2 revenue of $451 million, a 2% decline from the prior year, but profitability expanded significantly with Adjusted EPS rising 59% to $0.43 and Adjusted Free Cash Flow increasing 39% to $148 million. Based on the strong performance, the company raised its full-year guidance for Adjusted EBIT to $445M-$475M, Adjusted EPS to $1.55-$1.70, and Adjusted Free Cash Flow to $360M-$410M, while reaffirming revenue expectations. Capital allocation was a highlight, with debt reduced by $201 million since the end of Q1 and the revolving credit facility paid down to zero. The company also repurchased 4.5 million shares for $53 million and declared a $0.10 per share dividend.

•3mo ago

Pitney Bowes Strengthens Board of Directors with Appointment of La Vonda Williams

Pitney Bowes appointed La Vonda Williams to its Board of Directors effective immediately, leveraging her background in corporate finance and strategic alternatives. Ms. Williams will serve on the Board’s Strategic Review Committee, bringing experience from her tenure as a director at Altra Industrial Motion and roles at Goldman Sachs. Chair of the Board Brent Rosenthal highlighted that her expertise in banking and transactions will support the company’s value creation plans at a self-described 'exciting inflection point.'

•3mo ago

Pitney Bowes Initiates Second Phase of Strategic Review Process

Pitney Bowes has initiated the second phase of its strategic review process, tasking its independent Board committee with evaluating a full range of alternatives including a potential sale. The company retained BofA Securities and Goldman Sachs as financial advisors and Sullivan & Cromwell as legal counsel to assist in the evaluation. Chair Brent Rosenthal emphasized that the company is operating from a position of strength with improved cash flow and a strengthened balance sheet, though no definitive timeline has been set for the review.

•4mo ago

Pitney Bowes Announces Redemption of 2027 Senior Notes and Upsizing of Term Loan A

Pitney Bowes redeemed all $347 million of its 6.875% Senior Notes due March 2027, effectively eliminating its nearest-term debt maturity. To fund the redemption, the company upsized its existing Term Loan A credit facility by $150 million to a total of $302 million, bringing in new lenders without altering existing terms or the May 2031 maturity date. The transaction pushes the next scheduled debt maturity out to March 2029 and is expected to result in lower interest expense and reduced leverage.

•4mo ago

Pitney Bowes Announces Financial Results for First Quarter 2026 and Issues CEO Letter

Pitney Bowes reported Q1 revenue of $477 million, a 3% year-over-year decline, but adjusted EPS surged 42% to $0.47 driven by strict cost management and improved margins. Capital allocation took center stage with the repurchase of 17.2 million shares year-to-date for $186 million and an 11% increase in the quarterly dividend to $0.10 per share. Management reaffirmed its upgraded full-year guidance for revenue, Adjusted EBIT, and EPS, signaling confidence despite ongoing volume declines in the Presort Services segment.

•6mo ago

Pitney Bowes Achieves IL4 Provisional Authorization for SendPro® 360 Platform Solutions, Expanding Secure Shipping and Mailing Capabilities for the U.S. Department of Defense

Pitney Bowes achieved Provisional Authorization for Impact Level 4 (IL4) for its SendPro 360 platform, enabling use by the U.S. Department of Defense and authorized defense contractors. The authorization validates the platform meets rigorous controls to process and store Controlled Unclassified Information (CUI) in accordance with DoD cloud security requirements. This milestone complements existing certifications like FedRAMP, GovRAMP, and CMMC 1.0, streamlining shipping and mailing operations while ensuring data protection for mission-critical environments.

•6mo ago