Pitney Bowes News @PBnews
Sharing the latest Pitney Bowes news, corporate announcements and financial results. Visit @PitneyBowes for commerce solutions and @PBCares for customer service pitneybowes.com/us/newsroom Stamford, CT Joined April 2009-
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News: @PitneyBowes celebrates a 20-year partnership with Reading Is Fundamental @RIFWEB with 20 literacy events in 20 cities. Learn more: spr.ly/6010b3vkA
JUST IN: @PitneyBowes annual U.S. Parcel Shipping Index reveals significant shifts in the carrier competitive landscape and consumer behaviors in 2023. Read the full announcement: spr.ly/6017bGUmv
In celebration of Women's History Month, Shemin Nurmohamed, EVP and President, Sending Technology Solutions, writes about her experience as a female leader in a predominantly male industry and her advice for other aspiring women leaders. spr.ly/6019kf1SS
News: @PitneyBowes announces the launch of a series of new tracking and returns capabilities and the expansion of its regional delivery services to the Midwest region. These new services and more will be showcased at @shoptalk this week. spr.ly/6015kWrDU
To listen to the recording of $PBI Q4/FullYear 2023 results conference call visit (spr.ly/6015pmjcx) #earnings
Thank you for joining us today. A link to the recording of today's Q4/Full Year 2023 #earnings call will be available shortly. Stay tuned for details. $PBI
2024 guidance (3/3): The Company expects: Similar levels of capital expenditures in 2024 as in 2023 and interest expense to remain around the elevated rate incurred in Q4 2023. $PBI #earnings
2024 guidance (2/3): The Company expects: Incremental benefit in 2024 from our company-wide cost reduction program as savings from actions taken in 2023 annualize and we further execute on the plan. $PBI #earnings
2024 guidance (1/3):The Company expects: Revenue growth to range from flat to a low-single digit decline and EBIT margins to remain relatively flat on a year-over-year basis . $PBI #earnings
Global Ecommerce Unit transportation costs declined 17%: Better peak planning, route optimization, higher utilization, and lower fuel prices helped drive improvement. $PBI #earnings
Global Ecommerce Domestic parcel volumes grew 13% Y/Y. $PBI #earnings
Global Ecommerce revenue for the quarter was $381MM, decline of 7% on a reported and comparable basis Y/Y. $PBI #earnings
Presort Services Adjusted segment EBIT up 17% Y/Y, result of higher revenue per piece, continued focus on operational excellence. $PBI #earnings
Presort Services revenue was $163MM; 3% increase Y/Y. $PBI #earnings
Finance Receivables grew $25 million. $PBI #earnings
SendTech Segment EBIT in the quarter was $113 million, a 7% improvement. EBIT margin improved 370 basis points. #earnings
SendTech revenue for the quarter was $327MM; down 4% on a reported basis and down 5% on a comparable basis Y/Y. $PBI #earnings
Cash and short-term investments were $623MM. $PBI #earnings
Q4 GAAP cash from operations was $94 million and free cash flow was $78 million. $PBI #earnings
Q4 revenue was $872MM, down 4% on reported and comparable basis. GAAP EPS was a loss of $1.27 and Adjusted EPS was $0.07. $PBI #earnings
Pitney Bowes @PitneyBowes
27K Followers 6K Following Pitney Bowes is a global shipping and mailing company that provides technology, logistics, and financial services. Visit @PBCares for customer service.
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Pitney Bowes @PitneyBowes
27K Followers 6K Following Pitney Bowes is a global shipping and mailing company that provides technology, logistics, and financial services. Visit @PBCares for customer service.
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487 Followers 242 Following Interim Chief Executive Officer @PitneyBowes. Talks about #shipping, #mailing, and #PBLife. @CTRedcross board member.
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Retail return fraud is rising as key holiday deadline approaches cnbc.com/2024/01/29/ret…
We take pride in our commitment to celebrate our #diverse workforce and leaders like CFO Ana Chadwick help lead the way. Proud to have Ana on our senior #leadership team and congrats on being included in Latino Leader’s Latinos in Corporate America list for 2024.
How Pitney Bowes' Newly Launched No-Box/No-Label Returns Service Works trib.al/bZBfjbK
Gregg Zegras, President of Global Ecommerce, discusses the impact of a potential UPS Strike on @CNBCWEX spr.ly/6018PVzws #ecommerce #UPS
.@PitneyBowes Executive Vice President @GreggZegras tells @FrankCNBC how a $UPS strike would impact consumers, shippers, and the economy.
Tune into Worldwide Exchange tomorrow to catch @FrankCNBC's exclusive interview with @PitneyBowes Executive Vice President @GreggZegras for all things #freight, #labor, and #shipping.
@CNBCWEX @FrankCNBC @PitneyBowes Looking forward to an early morning chat with @FrankCNBC on all things shipping, transportation and Ecommerce logistics
Pitney Bowes is pleased to help the #USNavy simplify their mail delivery across @NAVSUP Headquarters with our suite of smart lockers.
NAVSUP IN PHOTOS: Ribbon cut on new intelligent mail locker system (IMLS) at NAVSUP HQ onboard NSA Mechanicsburg, 4/28/23. IMLS system at NAVSUP HQ will be used for internal (office) mail & simplify & add convenience to internal mail delivery across NAVSUP HQ. #USNavy
I was honored to be interviewed by @monitordaily on the importance of leadership in advancing DE&I efforts in the equipment finance industry. Read it here: rb.gy/3yr4w
Data released Tuesday from the Pitney Bowes Parcel Shipping Index outlines which delivery providers fared the best in a difficult environment. buff.ly/3lFExk0
Happy #warehouse Wednesday! Has anyone ordered anything today? …Yes, the answer is yes. A report by @PitneyBowes reveals 4160 parcels are shipped globally every second, and by 2026 volume is expected to reach 266 billion… mainwayhandling.com
Pitney Bowes Parcel Shipping Index Finds US Volumes One Year and One Billion Parcels Ahead of Pre-Pandemic Forecast hubs.ly/Q01Jt_lq0
Our passion for early literacy runs deep. We’ve partnered with @UnitedWay for the Reading Buddies project to inspire a love of reading in our youngest learners. Learn more here:spr.ly/6014OEjBi #GlobalVolunteerMonth #community #csr
"While the logistics industry has made noteworthy progress in recovering from the pandemic, geopolitical uncertainties and the possibility of a global recession threatens the industry’s return to a growth path." - Pankaj Sachdeva, VP @PitneyBowes trib.al/NnSoc2b
Spread joy, happiness and prosperity. Enjoy #Holi, “The Festival of Colors” and India’s annual bright celebration of Spring. #Holi2023 #HappyHoli
Tickets go on sale TODAY for our highly anticipated A Novel Affair event on 4/20. Join us at the Main Library for a fun, festive night of delicious food and good cheer to honor @pollyobrienmorrow and @PitneyBowes Tix @ ibidmobile.net/fpl/reservatio…
Congratulations to the Pitney Bowes team that brought the PitneyShip™ Cube to life. Another example of how we’re making #shipping and #mailing easier and simpler for businesses.
Pitney Bowes proudly introduces the PitneyShip™ Cube – the first-ever shipping label printer with a built-in scale. This innovative solution is the newest addition to our SendTech shipping portfolio. To learn more, visit: pbi.bz/3ttIgRK.
➡️ @PitneyBowes launches the first-of-its-kind label printer with a built-in scale, ideal for small and micro eCommerce merchants and marketplace sellers. 👉 🔗 bit.ly/3ExtoIE #ecommerce #ebayseller #etsyseller
Our goal has always been to make #shipping and #mailing easier and simpler for our clients, which is why I'm thrilled to introduce the newest addition to our @PitneyBowes shipping portfolio: the PitneyShip™ Cube. Incredible work by an incredible team! pbi.bz/3X2rPcz
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