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 technology-driven products and services company that provides SaaS shipping solutions, mailing innovation and financial services to clients worldwide. The company’s news flow reflects both its operational performance in SendTech Solutions and Presort Services and its active management of capital structure and governance.
On this page, readers can follow news about Pitney Bowes’ segment results, non-GAAP performance metrics and strategic priorities. Recent press releases have detailed quarterly financial results, including revenue by segment, Adjusted EBIT, Adjusted EBITDA, Adjusted EPS and free cash flow, along with commentary from management and CEO letters that discuss strategic reviews, cost reduction initiatives and capital allocation plans.
Investors can also track capital markets activity, such as offerings of 1.50% Convertible Senior Notes due 2030, related capped call transactions, share repurchase activity and cash tender offers for outstanding notes like the 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037. In addition, Pitney Bowes issues announcements regarding changes to its revolving credit facility and other financing arrangements.
Governance and board-level developments are another key theme in Pitney Bowes news, including appointments of new directors, departures of executives, and related separation agreements. Together, these updates provide a view into how the company manages its shipping and mailing technology businesses, financial services platform and capital structure. Bookmark this page to monitor the latest PBI news, earnings releases, capital markets transactions and corporate governance disclosures in one place.
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.
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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.