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 has declared a $0.05 quarterly cash dividend on its common stock, scheduled for payment on March 8, 2021. Stockholders of record as of February 12, 2021 will receive this dividend. Pitney Bowes is a global technology company specializing in commerce solutions across ecommerce, shipping, and mailing, serving clients including 90% of the Fortune 500. With a century of innovation, the company focuses on simplifying commerce transactions through advanced technology and accurate analytics.
Pitney Bowes reported strong financial results for Q4 and full year 2020. Q4 revenue reached $1.0 billion, up 24%, driven by a 60% surge in Global Ecommerce revenue, exceeding $500 million for the first time. Full year revenue was $3.6 billion, an 11% increase. However, the company reported a GAAP EPS loss of $1.06 for 2020. Despite the challenges posed by the pandemic, Pitney Bowes aims for low-to-mid single digit revenue growth in 2021, with adjusted EPS expected to rise.
Pitney Bowes (NYSE: PBI) has achieved a major milestone, with clients processing one billion mail pieces using SendPro C® and SendPro C® Auto. These platforms enable efficient processing, printing, and shipping, managing around 2 million mail pieces daily in North America. Launched three years ago, SendPro C provides a digitally connected all-in-one solution, enhancing productivity for businesses during the pandemic. The technology also offers clients preferential rates and cost management capabilities, bolstered by a collaboration with UPS for shipping savings.
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Pitney Bowes (NYSE: PBI) has announced the appointment of Ana Maria Chadwick as Executive Vice President and Chief Financial Officer, effective January 29, 2021. Chadwick joins from GE Capital, where she held various executive roles, including President and CEO of Global Legacy Solutions. She will oversee financial operations and report to CEO Marc Lautenbach. Lautenbach expressed confidence in her track record of driving value from complex financial situations. Chadwick expressed enthusiasm about the company’s potential as it continues to innovate in commerce solutions.
Pitney Bowes (NYSE:PBI) announced the reinstatement of pricing adjustments for its Standard and Cross Border Delivery services effective January 25, 2021. This decision responds to record parcel volumes and ongoing COVID-19-related operational costs. Patrick Allard, Chief Revenue Officer, noted the continuous impact of increased labor, transportation costs, and safety measures on operations. The adjustments aim to ensure clients can effectively plan for their shipping expenses as the company commits to transparent pricing amidst ongoing challenges in the logistics sector.
Pitney Bowes (NYSE: PBI) has announced a financing deal through Wheeler Financial with Choice Canning, a food producer based in India. The financing will facilitate the acquisition of refrigerated vehicles for its facility in Pittston, Pennsylvania. This move is expected to yield monthly savings of $28,000 by eliminating rental and third-party transportation costs. Choice Canning will own the assets at the end of a five-year lease. This agreement emphasizes Pitney Bowes' commitment to supporting small to mid-market businesses with flexible financing solutions.
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Pitney Bowes (NYSE: PBI) announced the closure of a financing deal by Wheeler Financial with Giuliante Machine Tool, Inc. The transaction is aimed at enhancing manufacturing efficiency in the aerospace sector. Giuliante Machine Tool, known for producing components for military and commercial aircraft, plans to utilize this capital for advanced technology investments. The five-year dollar-buyout lease allows for better cash flow management, especially crucial for small businesses amid ongoing economic challenges from COVID-19.
Pitney Bowes (NYSE: PBI) has launched Same-Day Delivery and SendPro Delivery Assurance through its SendPro® Online platform, enhancing shipping solutions for small- and medium-sized businesses. The Same-Day Delivery service allows businesses to fulfill urgent shipping needs with an average two-hour delivery window, while Delivery Assurance offers credits for delayed USPS® Priority Mail shipments. This initiative aims to provide cost-effective, reliable delivery options amidst rising parcel volumes in the U.S., empowering businesses with greater choice and visibility.