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 quarterly cash dividend of $0.05 per share on its common stock. This dividend will be paid on December 8, 2020, to stockholders recorded as of November 17, 2020. The company's diverse solutions in ecommerce, shipping, mailing, and financial services are utilized by clients including 90% of Fortune 500 companies, reflecting its significant role in facilitating global commerce.
Pitney Bowes Inc. (PBI) reported a 13% revenue growth in Q3 2020, totaling $892 million, marking its strongest organic growth in over a decade. GAAP EPS was $0.07 and adjusted EPS was $0.08. The company noted that shipping-related revenues made up half of total revenue, with Global Ecommerce revenue exceeding $400 million for the first time, an increase of 47%. Free cash flow reached $85 million. The CEO expressed optimism about capitalizing on market opportunities despite ongoing uncertainties related to the Covid-19 pandemic.
Pitney Bowes (NYSE: PBI) announced the launch of new digital sending technologies for Canadian businesses, including the SendPro® Enterprise SaaS-based platform and Intelligent Locker solutions. These innovations aim to enhance cost control, visibility, and efficiency for organizations facing increased parcel delivery demands. The company also introduced SendPro® Online with added capabilities from Purolator to support small- and medium-sized businesses. Bill Mackrell highlighted the importance of these technologies in managing rising shipment volumes amid ongoing pandemic challenges. This announcement coincides with Pitney Bowes' centennial celebration.
Pitney Bowes' latest Parcel Shipping Index indicates global parcel volume exceeded 100 billion in 2019, reaching 103 billion, with forecasts suggesting it may double to 220-262 billion by 2026. China leads in parcel shipments, accounting for over 60% of the total. The report highlights Amazon Logistics' significant growth, reporting a 155% increase in parcel volume year-over-year. While all major markets showed growth, Japan was the only country to experience a decline. Overall, global parcel revenue rose by 9% to $351 billion in 2019.
Pitney Bowes (NYSE:PBI) has launched BOXpoll™, a market research tool focused on consumer behavior in ecommerce. The first survey reveals that post-pandemic, many Americans intend to alter their shopping habits, continuing to shop online frequently. 54% of consumers shop online more than before, with 73% enjoying the experience. BOXpoll aims to provide insights for ecommerce clients, helping them adapt to changing consumer preferences, including a distinct interest in new brands. The survey was conducted with over 2,000 online shoppers, reflecting behaviors likely to persist beyond COVID-19.