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.
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Hestia Capital Management, holding an 8.5% stake in Pitney Bowes (NYSE: PBI), announced that the independent proxy advisory firm Institutional Shareholder Services (ISS) has recommended stockholders elect four of Hestia's director nominees—Milena Alberti-Perez, Todd Everett, Katie May, and Kurt Wolf—at the upcoming 2023 Annual Meeting. The recommendation underscores a demand for significant boardroom change after a decade of underperformance and poor governance at Pitney Bowes.
ISS noted stockholders' discontent with the current board and emphasized the need for independent oversight to enhance capital allocation, corporate governance, and the company's long-term strategy. The urgency for change is highlighted by Pitney Bowes’ declining financial performance, highlighting a critical moment for shareholders to reevaluate board composition.
Pitney Bowes (NYSE: PBI), a global leader in shipping and mailing solutions, has announced that its award-winning PitneyShip™ Cube is now available for purchase on Amazon. This innovative product simplifies shipping processes for e-commerce and office users by integrating a thermal printer, scale, and mobile printing capabilities. Featuring a built-in 15-pound scale, the PitneyShip Cube enables users to weigh packages, print labels, and access discounted shipping rates, saving up to 89% on Priority Mail. Launched on PitneyBowes.com in November, its Amazon launch marks the first time a Pitney Bowes product is sold through an independent retailer. The Cube received a Gold Award at the 2022 International Design Awards, highlighting its excellence in product design.
Pitney Bowes (NYSE:PBI) recently responded to Hestia Capital, claiming their investor presentation contained misleading information and a flawed understanding of the company’s business. The company emphasized that Hestia's generic strategy lacks specificity and could harm shareholder value. In contrast, Pitney Bowes highlighted its ongoing transformation into three synergistic segments: SendTech, Presort, and Global Ecommerce. The company maintains a strong SG&A ratio and argues that Hestia’s proposals could lead to significant revenue declines. With approximately $230 million of debt due by March 2026, Pitney Bowes feels its financial position is stable. Shareholders are urged to vote for the nominees on the GOLD proxy card at the upcoming Annual Meeting on May 9, 2023.