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) 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.
Pitney Bowes Inc. (NYSE:PBI) has declared a quarterly cash dividend of $0.05 per share, set to be paid on December 7, 2021. Stockholders of record as of November 16, 2021 will receive this dividend. This announcement underscores the company's commitment to returning value to its shareholders while continuing to provide logistics, technology, and financial services to a diverse client base, including over 90% of the Fortune 500.
Pitney Bowes Inc. (NYSE: PBI) has announced its acquisition of CrescoData, a Platform-as-a-Service (PaaS) provider, to strengthen its offerings in the ecommerce sector. While financial terms were not disclosed, CrescoData's advanced technology enhances Pitney Bowes' shipping portfolio, especially for mid-high volume ecommerce clients. The integration aims to accelerate Pitney Bowes' go-to-market strategy in the Retail and Pharmacy verticals, capitalizing on predicted shipping volume growth of doubling over the next five years.
Kyndryl (NYSE: KD) has been selected by Pitney Bowes (NYSE: PBI) for a significant technology transformation to enhance its global operations. This partnership aims to implement an agile IT infrastructure leveraging hybrid cloud investments, with Kyndryl managing core systems including servers and storage. Pitney Bowes, serving over 90% of the Fortune 500, utilizes Kyndryl's expertise in AI and advanced analytics to improve its e-commerce and logistics services. The collaboration underscores Kyndryl's commitment to delivering innovative solutions across more than 60 countries.
Pitney Bowes (NYSE: PBI) reported its third quarter 2021 financial results, revealing revenues of $875 million, a 2% decrease from the prior year, but an 11% increase compared to Q3 2019. GAAP EPS settled at $0.05, with adjusted EPS at $0.08. Key highlights include a 9% revenue growth in Presort Services and a 100 basis points improvement in Global Ecommerce gross margin. Despite challenges in domestic parcel volumes, management remains optimistic about maintaining positive EBITDA for Global Ecommerce by year-end.
Pitney Bowes (NYSE:PBI) is enhancing its capabilities to meet the growing demand for ecommerce during the peak holiday season. This includes hiring thousands of seasonal warehouse associates and drivers, expanding its ecommerce hubs in Boston, Columbus, Seattle, and Dallas, and investing in automation technologies like AmbiSort AI-powered robotics. The company aims to provide improved tracking, visibility, and delivery projections while increasing wages by $3 to $5 for seasonal workers. In 2020, its Global Ecommerce business generated $1.6 billion in revenue.
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