David Steinhart's questions to Pitney Bowes Inc (PBI) leadership • Q4 2024
Question
David Steinhart inquired about the expected cadence of the $150 million share repurchase program, the company's priorities for further debt reduction, and suggested hosting an Investor Day to better articulate the value of the SendTech business.
Answer
CEO Lance Rosenzweig explained that the $150 million share repurchase authorization is a three-year program and will be executed opportunistically based on market conditions and the company's strong free cash flow generation. Regarding debt, he stated the company will continue to be opportunistic, prioritizing nearer-term maturities and higher-cost debt. Rosenzweig also acknowledged that an Investor Day to provide more clarity on the SendTech business is a sensible idea that the company will consider.