Welcome to our dedicated page for Pitney Bowes news (Ticker: PBI), a resource for investors and traders seeking the latest updates and insights on Pitney Bowes stock.
Pitney Bowes Inc (NYSE: PBI) is a global leader in commerce solutions, combining decades of mailing expertise with cutting-edge SaaS shipping technologies and financial services. This page serves as the definitive source for official company announcements, strategic updates, and market-moving developments.
Investors and industry professionals will find curated access to earnings reports, technology partnerships, logistics innovations, and leadership updates. Our collection spans operational milestones across both SendTech Solutions and Presort Services segments, providing insights into PBI's evolving role in digital commerce.
Key updates include new product launches in mailing automation, strategic alliances enhancing global shipping networks, and financial performance metrics. Bookmark this page for real-time access to verified information affecting PBI's market position and technological advancements.
Pitney Bowes (NYSE: PBI) has launched PitneyShip Pro, a cutting-edge cloud-based shipping solution designed for modern businesses. Built on the new SaaS Shipping 360 platform, it enhances shipping and mailing efficiency for remote and in-office employees. The platform offers customizable features, real-time analytics, and a comprehensive view of sending activities, allowing users to shop rates across various carriers. As remote work increases, this solution aims to support the anticipated growth in parcel volume.
Pitney Bowes Inc (NYSE: PBI) has announced a new term loan and revolving line of credit for Zion Delivery Service, Inc (ZDS) to support their last-mile logistics operations in Southern California. The credit facility offers ZDS the necessary working capital and liquidity for growth, driven by the increasing demand from carriers like Amazon Logistics and USPS. ZDS, founded in 2004, is experiencing organic growth and plans for acquisition, further enhancing their market position.
Pitney Bowes Inc. (NYSE:PBI) has announced a quarterly cash dividend of
Pitney Bowes (NYSE: PBI) is set to integrate a new core financial platform designed by Fiserv across its business operations in 2022. This platform aims to enhance efficiency and stability, extending services to small and midsize businesses. The investment reflects Pitney Bowes' strategic direction to improve financial solutions, supporting over 750,000 global clients. It marks a significant step in maintaining competitive advantages in a changing business landscape while emphasizing the company's longstanding commitment to these market segments.
Pitney Bowes (NYSE: PBI) reported its full year and fourth quarter 2021 financial results, achieving consolidated revenue growth for the fifth consecutive year. Full year revenue was $3.7 billion, a 3% increase, with an adjusted EPS of $0.32. While Global Ecommerce outperformed with a 5% revenue growth, challenges such as lower volumes impacted the fourth quarter results, which saw a 4% revenue decline to $984 million. The company ended 2021 with $747 million in cash and reduced debt by $241 million. Looking ahead, Pitney Bowes expects low-to-mid single digit revenue growth in 2022.
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