PITNEY BOWES INC /DE/ (PBI) Company Report

Pitney Bowes Inc. announced the commencement of cash tender offers for two series of notes.
The company is offering to purchase up to $75,000,000 in aggregate principal amount of its 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037.
The tender offers are scheduled to expire on December 19, 2025, at 11:59 p.m., New York City time.
The purchase of notes will be financed with cash on hand.

Nov 21, 2025, 1:26 PM

8-K

Pitney Bowes Reports Q3 2025 Results and Updates Full Year Guidance

PBI

Earnings

Guidance Update

Demand Weakening

Pitney Bowes reported Q3 2025 revenue of $460 million, an 8% decrease year-over-year, with GAAP EPS of $0.30 and Adjusted EPS of $0.31.
In Q3 2025, SendTech Solutions revenue declined by 6% to $311 million, and Presort Services revenue decreased by 11% to $149 million.
For Full Year 2025, the company updated its guidance, now expecting to achieve near the low-end of its previously disclosed ranges for Revenue, Adjusted EBIT, and Free Cash Flow, and near the midpoint for Adjusted EPS.
The previously disclosed full-year guidance ranges for 2025 were Revenue: $1,900 million - $1,950 million, Adjusted EBIT: $450 million - $465 million, Adjusted EPS: $1.20 - $1.40, and Free Cash Flow: $330 million - $370 million.

Oct 29, 2025, 9:00 PM

Presentation

Pitney Bowes Updates 2025 Guidance and Details Capital Allocation in Q3 2025 Earnings Call

PBI

Guidance Update

Share Buyback

Convertible Preferred Issuance

Pitney Bowes expects its full-year revenue, EBIT, and free cash flow to be at the low end of its guidance range for 2025, attributing this to forecasting issues rather than operational performance.
The company spent an additional $161 million on share repurchases during Q3 2025, viewing it as an attractive investment, and also issued a convertible bond with a 1.5% coupon.
New cost cuts of $50 to $60 million have been identified across the company, with the majority expected to be implemented by the end of 2025 and fully realized by the end of 2026, driven by internal restructuring efforts.
The Presort Services segment saw a $17 million decline in revenue and a $13 million decline in EBIT in Q3 2025, primarily due to volume loss, but the company is actively pursuing accretive acquisitions and aims to regain market share.
Despite a $205 million year-to-date use of cash from working capital, Pitney Bowes anticipates full-year free cash flow to be around $330 million, implying a strong fourth quarter.

Oct 29, 2025, 9:00 PM

Transcript

Pitney Bowes Reports Q3 2025 Results, Updates Full-Year Outlook, and Announces Cost Cuts

PBI

Earnings

Guidance Update

Share Buyback

Pitney Bowes reported continued profitability improvements for Q3 2025, but expects the full year to come in around the low end of its guidance range for revenue, EBIT, and free cash flow due to forecasting issues.
The company spent an additional $161 million on share repurchases during the quarter, reflecting increased optimism from its strategic review.
Management identified $50 to $60 million in cost cuts across the company, driven by organizational restructuring, with benefits expected to be realized by the end of 2026.
Free cash flow guidance for the year was maintained, implying a strong Q4, despite year-to-date working capital being a $205 million use of cash.
The company issued a convertible bond with a 1.5% coupon and bought back $12 million of its 2027 debt, demonstrating an opportunistic capital allocation strategy.

Oct 29, 2025, 9:00 PM

Transcript

Pitney Bowes Reports Q3 2025 Results and Updates on Strategic Initiatives

PBI

Earnings

Guidance Update

Share Buyback

Pitney Bowes reported continued profitability improvements for Q3 2025, but expects full-year revenue, EBIT, and free cash flow to be at the low end of its guidance range due to forecasting issues rather than operational factors.
The company spent an additional $161 million on share repurchases during Q3 2025 and identified $50 million to $60 million in new cost cuts, with the majority expected to be implemented by the end of 2025.
Management anticipates Q4 2025 free cash flow to be around $330 million, noting that year-to-date working capital has been a $205 million use of cash, which is expected to partially reverse in Q4.
Strategic efforts include progressing a strategic review, evaluating profitable growth opportunities, and restructuring Global Financial Services to address incentive misalignment and improve customer experience.

Oct 29, 2025, 9:00 PM

Transcript

Pitney Bowes reports Q3 2025 results, updates guidance, and increases capital returns

PBI

Earnings

Guidance Update

Share Buyback

Pitney Bowes reported Q3 2025 revenue of $460 million, an 8% decrease year-over-year, with Adjusted EPS of $0.31, an improvement of $0.10 year-over-year.
The company increased its share repurchase authorization to $500 million and raised its quarterly dividend from $0.08 to $0.09 per share. Year-to-date, 25.9 million shares have been repurchased at a total cost of $281.2 million.
Pitney Bowes identified $50 million to $60 million in additional annual cost savings, with the majority expected to be realized by the end of 2025.
For the full year 2025, the company now expects to achieve near the low end of its previously disclosed guidance range for Revenue, Adjusted EBIT, and Free Cash Flow, and near the midpoint for Adjusted EPS.

Oct 29, 2025, 8:14 PM

8-K

Pitney Bowes reports Q3 2025 financial results and updates full-year outlook

PBI

Earnings

Guidance Update

Share Buyback

For the third quarter of 2025, Pitney Bowes reported revenue of $460 million, an 8% decrease year over year, and Adjusted EPS of $0.31, an improvement of $0.10 year over year.
The company announced an increase in its share repurchase authorization to $500 million and raised its dividend for the fourth consecutive quarter.
Pitney Bowes made significant progress on the first phase of its strategic review, identifying $50 million to $60 million in additional cost savings.
For the full-year 2025, the company now anticipates achieving near the low end of its previously disclosed guidance range for Revenue, Adjusted EBIT, and Free Cash Flow, and near the midpoint for Adjusted EPS.

Oct 29, 2025, 8:10 PM

Press Release

Pitney Bowes Appoints Brent Rosenthal Independent Chair

PBI

Board Change

Demand Weakening

Earnings

Brent Rosenthal has been appointed as the new independent Chair of the Board for Pitney Bowes Inc., effective October 3, 2025, succeeding Milena Alberti-Perez.
Rosenthal, founder of Mountain Hawk Capital Partners, brings over 30 years of experience in technology, media, and telecom sectors to guide the company's transformation and growth initiatives.
This leadership change coincides with an ongoing strategic review under new CEO Kurt Wolf, aiming to address challenges from declining mail service demand and improve shareholder value.
Despite recent revenue declines, Pitney Bowes posted a $35.4 million profit in the second quarter, reversing a prior quarter loss and signaling some financial recovery.

Oct 3, 2025, 5:32 PM

Morningstar

Pitney Bowes Inc. Amends Credit Agreement, Increasing Revolving Facility

PBI

Debt Issuance

New Projects/Investments

Pitney Bowes Inc. secured an amendment to its Credit Agreement on August 29, 2025, adding $135 million in incremental commitments to its revolving credit facility.
This amendment increases the total aggregate commitments under the company's revolving credit facility to $400 million, which matures in March 2028.
The expanded facility is expected to provide greater flexibility for value-enhancing capital allocation actions, including working capital, general corporate purposes, acquisitions, and other investments.

Sep 2, 2025, 12:24 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for PITNEY BOWES INC /DE/.

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