Pitney Bowes Stock Price, News & Analysis

Pitney Bowes (NYSE: PBI) announced a $23 million expansion of AmbiSort AI-powered robotic systems in its e-commerce hubs to enhance parcel sortation efficiency. This deployment follows a successful trial in Stockton, California, where throughput nearly doubled during the 2021 holiday season. With e-commerce surpassing 50% of total revenue, this investment aims to improve productivity, accuracy, and worker safety. The automated solutions will respond to the rapidly growing global parcel volume, projected to exceed 131 billion annually.

Pitney Bowes Inc. (NYSE:PBI) announced the redemption of its outstanding 4.700% Notes due 2023, with a Redemption Date set for March 7, 2022. The redemption price will include the principal amount, accrued interest, and any make-whole amount. The Bank of New York Mellon will notify registered holders of the Notes. This move is part of the company's ongoing financial strategy as they manage their debt. Pitney Bowes continues to serve a significant portion of Fortune 500 companies, reinforcing its position in the logistics and mailing sectors.

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 $0.05 per share, set to be paid on March 14, 2022. Shareholders must be on record by February 18, 2022 to receive this dividend. As a leading global shipping and mailing company, Pitney Bowes offers technology, logistics, and financial services to over 90% of Fortune 500 companies, serving a diverse range of clients including small businesses and government entities.

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.