Pitney Bowes Inc., a technology company, provides commerce solutions in the United States and internationally. The company operates through Global Ecommerce, Presort Services, and SendTech Solutions segments. The Global Ecommerce segment provides domestic parcel services, cross-border solutions, and digital delivery services. The Presort Services segment offers mail sortation services, which allow clients to qualify volumes of first-class mail, marketing mail, and bound and packet mail for postal work sharing discounts. The SendTech Solutions segment provides physical and digital mailing and shipping technology solutions, financing, services, supplies, and other applications for sending, tracking and receiving of letters, parcels, and flats. Pitney Bowes Inc. markets its products, solutions, and services direct and inside salesforce, global and regional partner channels, direct mailings, and Web-based offerings. The company was formerly known as Pitney Bowes Postage Meter Company. Pitney Bowes Inc. was founded in 1920 and is headquartered in Stamford, Connecticut.
IPO Year:
Exchange: NYSE
Website: pitneybowes.com
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Maxim Group upgraded Pitney Bowes from Hold to Buy
Sidoti upgraded Pitney Bowes from Neutral to Buy and set a new price target of $10.00
Sidoti downgraded Pitney Bowes from Buy to Neutral
Maxim Group resumed coverage of Pitney Bowes with a rating of Hold
Believes Strong Full Year Results Reinforce the Company is Well-Positioned to Grow Cash Flow and Earnings Outlines Comprehensive Capital Allocation Framework That Includes a New $150 Million Share Repurchase Authorization and Dividend Increase Shares Full Year 2025 Guidance of $1.95 Billion to $2.0 Billion of Revenue and $450 Million to $480 Million of Adjusted EBIT Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced its financial results for the fourth quarter and full year ended December 31, 2024. The Company also deli
Expects to Report FY2024 Revenue Within Guidance Range and Adjusted EBIT Above Guidance Range Continued Progress Stems from Management's Focus on Efficiency, Execution and Financial Strength Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, announced that today it is paying off the remaining balance of approximately $97 million in senior secured notes ("2028 Notes") issued to Oaktree Capital Management, L.P. (collectively with its affiliates, "Oaktree") in July 2023. The repayment, which is being funded by cash on hand, is part of the C
Pitney Bowes (NYSE:PBI), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world—including more than 90 percent of the Fortune 500, today announced that its Board of Directors has declared a quarterly cash dividend on the company's common stock of $0.05 per share. The dividend will be paid on December 6, 2024 to stockholders of record on November 18, 2024. About Pitney Bowes Pitney Bowes (NYSE:PBI) is a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world—including more than 90 percent of the Fortune 500. Small businesses to l
Company Updates Full Year Guidance Following Continued Strong Business Performance and Accelerated Execution of Cost Initiatives Pitney Bowes Inc. (NYSE:PBI), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the Company's financial results for the third quarter of fiscal year 2024 and provided a progress update on the strategic initiatives announced on May 22, 2024. The Company also updated its full year guidance for Fiscal Year 2024 following continued strong business performance and accelerated execution of cost initiatives. Third Quarter Financial Highlights Revenue was $499 mill
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced that it will report third quarter 2024 earnings results after market close on Thursday, November 7, 2024. The Company will host an investor conference call at 5:00 p.m. ET on the same day to review its results. This call and all supplemental information can be accessed on Pitney Bowes' investor relations site at https://www.investorrelations.pitneybowes.com/. The webcast link for the conference call is https://edge.media-server.com/mmc/p/2tc3zvmn/. The conference call also
Pitney Bowes Inc. (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced that its Board of Directors has declared a quarterly cash dividend on the company's common stock of $0.05 per share. The dividend will be paid on September 6, 2024 to stockholders of record on August 22, 2024. About Pitney Bowes Pitney Bowes (NYSE:PBI) is a global shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500. Small business, retail, enterprise, and government clients around the world rely on Pitney Bowes to remove the complexity of sending mail and parcels. F
Company Updates Full Year Guidance Following Recent Value-Enhancing Actions and Strong First-Half Performance Company to Host Investor Conference Call at 5:30 p.m. ET Pitney Bowes (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics, and financial services, today announced the Company's financial results for the second quarter of fiscal year 2024 and provided a progress update on the strategic initiatives announced on May 22, 2024, including the conclusion of the strategic review of the Global Ecommerce ("GEC") segment. The Company also disclosed its updated full year guidance for Fiscal Year 2024 following recent value-
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced that it will report second quarter 2024 earnings results after market close on Thursday, August 8, 2024. The Company will host an investor conference call at 5:00 p.m. ET on the same day to review its results. This call and all supplemental information can be accessed on Pitney Bowes' investor relations site at https://www.investorrelations.pitneybowes.com/. The webcast link for the conference call is https://edge.media-server.com/mmc/p/bzy7jz3i. The conference call also be accessed by phone at 234-720-6979; Acc
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, will host an investor conference call at 8:00 AM ET on Wednesday, May 29, to introduce the Company's newly appointed interim CEO, Lance Rosenzweig, and discuss its recently announced strategic initiatives. Participants can register for the call by visiting https://dpregister.com/sreg/10189641/fc9e9eeb70. For interested individuals unable to join, there will be a replay link available following the call on the Pitney Bowes Investor Relations website. About Pitney Bowes Pitney Bowes (NYSE:PBI) is a global shipping and mailing c
Appoints Lance Rosenzweig, an Experienced Corporate Leader with a Background Driving Efficiencies and Simplifying Corporate Structures, as Interim CEO Company to Target Additional Annualized Cost Savings of $60M-$100M as well as Balance Sheet and Cash Management Improvements to Expedite the Paydown of High-Cost Debt Board Establishes a Value Enhancement Committee to Promptly Finalize the Strategic Review of the GEC Segment and Support the Timely Implementation of Other New Initiatives Retains Two Nationally Recognized Consulting Firms with Financial and Operational Expertise to Support New Initiatives Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping
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Pitney Bowes (NYSE:PBI), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world—including more than 90 percent of the Fortune 500, today announced Pitney Bowes has been recognized as the Top Company in Shipping Software for 2025 by Logistics Tech Outlook, a leading enterprise technology magazine trusted by senior-level leaders and decision-makers in the logistics industry. This award highlights Pitney Bowes' commitment to delivering cutting-edge shipping technology that empowers businesses to streamline their logistics operations. "Pitney Bowes has set a new benchmark in the shipping software industry by pro
Thanks Retiring Interim CFO John Witek For Many Years of Strong Contributions and Valuable Service, Including During a Period of Value-Enhancing Transformation Over the Past Year Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Robert (Bob) Gold as the Company's next Chief Financial Officer ("CFO"), effective March 10, 2025. Mr. Gold is a seasoned finance and operations leader who has successfully served as CFO at various companies, including AM General, manufacturer of the military Humvee®, Culligan In
Believes Strong Full Year Results Reinforce the Company is Well-Positioned to Grow Cash Flow and Earnings Outlines Comprehensive Capital Allocation Framework That Includes a New $150 Million Share Repurchase Authorization and Dividend Increase Shares Full Year 2025 Guidance of $1.95 Billion to $2.0 Billion of Revenue and $450 Million to $480 Million of Adjusted EBIT Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced its financial results for the fourth quarter and full year ended December 31, 2024. The Company also deli
LEHI, Utah, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Nature's Sunshine Products, Inc. (Nature's Sunshine) (NASDAQ:NATR), a leading manufacturer of high-quality herbal and nutritional supplements, today announced the appointment of Ms. Katie A. May to its board of directors effective January 30, 2025. Nature's Sunshine's board will now consist of ten directors with nine serving as independent directors. "Katie brings significant experience scaling and leading high-growth B2C, ecommerce and logistics companies," said Richard D. Moss, Chairman of the Board of Nature's Sunshine. "Her deep understanding of the full ecommerce lifecycle will strengthen and enhance our digital capabilities and drive s
Pitney Bowes (NYSE:PBI), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world—including more than 90 percent of the Fortune 500, today announced that it has achieved US State Risk and Authorization Management Program (StateRAMP) authorization for the SendPro® 360 solution, its next-generation sending and receiving platform. This achievement reflects the company's unwavering commitment to delivering a secure and reliable solution that government agencies can rely on to safeguard their data and operations and enforce overall Agency cloud policy. StateRAMP provides a standardized approach to assessing cloud
Pitney Bowes (NYSE:PBI), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced it has been named the Official Shipping Technology Partner of the New York Islanders and UBS Arena. This multi-faceted partnership underscores Pitney Bowes' commitment to innovation and operational excellence, leveraging its ShipAccel solution to enhance the shipping operations of the New York Islanders and UBS Arena. ShipAccel, powered by Pitney Bowes and built on the innovative Shipping 360 platform, provides the New York Islanders and UBS Arena with advanced shipping technology that offers choice in carriers,
Expects to Report FY2024 Revenue Within Guidance Range and Adjusted EBIT Above Guidance Range Continued Progress Stems from Management's Focus on Efficiency, Execution and Financial Strength Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, announced that today it is paying off the remaining balance of approximately $97 million in senior secured notes ("2028 Notes") issued to Oaktree Capital Management, L.P. (collectively with its affiliates, "Oaktree") in July 2023. The repayment, which is being funded by cash on hand, is part of the C
Acquisition of Royal Alliances' Presort Business Further Strengthens Pitney Bowes Presence Across the United States Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced that it has acquired the presort business of Royal Alliances, Inc. ("Royal Alliances" or "RA"), a provider of technology-enabled shipping and mailing solutions, headquartered in Irving, Texas. This acquisition further strengthens the Pitney Bowes Presort Services network in the East, Central and West Regions. Following the effective closing date on January 2
Discover how developments in digital shipping software technologies are providing businesses with freedom, flexibility, visibility, and control. JUPITER, Fla., Dec. 23, 2024 /PRNewswire/ -- Advancements with Ted Danson will focus on how recent breakthroughs in software are helping to optimize efficiency and get packages out the door faster and easier. This segment will educate about the imperative role that shipping plays in business today. Audiences will learn how companies of all sizes often face unprecedented challenges and opportunities in today's fast-paced and ever-evolv
Notes That Managing Member Kurt Wolf Intends to be a Long-Serving Pitney Bowes Director and Shareholder Hestia Capital Management, LLC (collectively with its affiliates, "Hestia" or "we"), a large shareholder of Pitney Bowes, Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), today provided additional detail on its Managing Member's 10b5-1 Plan (the "Plan") at the Company. Hestia's Managing Member, Kurt Wolf, has served on Pitney Bowes' Board of Directors since 2023 and intends to be a long-serving director and shareholder. Mr. Wolf recently put in place a Plan that is structurally similar to ones established by directors, including those who run investment management firms, at other publ
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Thanks Retiring Interim CFO John Witek For Many Years of Strong Contributions and Valuable Service, Including During a Period of Value-Enhancing Transformation Over the Past Year Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Robert (Bob) Gold as the Company's next Chief Financial Officer ("CFO"), effective March 10, 2025. Mr. Gold is a seasoned finance and operations leader who has successfully served as CFO at various companies, including AM General, manufacturer of the military Humvee®, Culligan In
LEHI, Utah, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Nature's Sunshine Products, Inc. (Nature's Sunshine) (NASDAQ:NATR), a leading manufacturer of high-quality herbal and nutritional supplements, today announced the appointment of Ms. Katie A. May to its board of directors effective January 30, 2025. Nature's Sunshine's board will now consist of ten directors with nine serving as independent directors. "Katie brings significant experience scaling and leading high-growth B2C, ecommerce and logistics companies," said Richard D. Moss, Chairman of the Board of Nature's Sunshine. "Her deep understanding of the full ecommerce lifecycle will strengthen and enhance our digital capabilities and drive s
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Lance Rosenzweig as the Company's permanent Chief Executive Officer ("CEO"), effective immediately. The Company's Board of Directors (the "Board") carried out an extensive CEO search process that was supported by a nationally recognized executive recruiting firm and included both internal and external candidates. After assessing Mr. Rosenzweig's considerable contributions as interim CEO and his track record of value creation at Pitney Bowes and at other co
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced that Gregg Zegras has retired as President of the Company's Global Ecommerce segment, effective immediately. After joining Pitney Bowes in 2013, Mr. Zegras served as Chief Commercial Officer and held other senior roles. The Company thanks Mr. Zegras for his many years of dedication and service and wishes him the best in his future endeavors. As previously disclosed, Pitney Bowes is in the final stages of its strategic review of the Global Ecommerce segment. The purpose of the review is to identify alternatives tha
Sees Opportunity to Significantly Reduce Leverage Ratio, Achieve ~3x EV / EBITDA Multiple and Nearly Double Pitney Bowes' Share Price by Divesting the Company's Money-Losing GEC Business Believes the Board Must Explore All Paths to Maximizing Shareholder Value, Including by Running a Comprehensive Review of Strategic Alternatives Underscores the Need for Permanent Leaders Following Unacceptable Turnover in the C-Suite and Boardroom Lakeview Investment Group & Trading Company, LLC, which beneficially owns approximately 2.55% of the outstanding common shares of Pitney Bowes, Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), today issued the below open letter to the Company's Board of D
Allurion Technologies, Inc. (NYSE:ALUR), a company dedicated to ending obesity, today announced the appointment of its newest board member and Audit Committee Chair, Milena Alberti-Perez, effective as of March 11, 2024. "Milena joins the Allurion board during an exciting time in the company's history and is a proven and dynamic leader, with deep experience as an operator and board member," said Dr. Shantanu Gaur, Allurion Founder and CEO. "Her perspective and guidance will be invaluable as Allurion furthers its mission to treat the one billion people around the world with obesity." Ms. Alberti-Perez previously served as Chief Financial Officer at Getty Images (NYSE:GETY) and CFO at Peng
Chair Mary J. Guilfoile, Who Has Served With Distinction, to Step Down Following the 2024 Annual Meeting William S. Simon and Jill Sutton, Who Collectively Possess Experience in Capital Allocation, Corporate Governance and Transformations, Have Been Added to the Board Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced that Mary J. Guilfoile will step down as Chair and retire from the Board of Directors (the "Board") following the 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Board will elect a new Chair following Ms. Guilfoile's retirement. Add
Former Goldman Sachs executive sees big opportunity to serve more small businesses Funding Circle (LSE:FCH), the leading online lending platform for small businesses is pleased to announce that Kaustubh "Kos" Joshi has joined the company as the Head of Embedded Finance & Partnerships for the U.S. business where he will be responsible for executing on the company's strategy to attract more small businesses through its embedded platform and strategic partnerships. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231106885931/en/Kaustubh "Kos" Joshi has been appointed to Head of Embedded Finance & Partnerships at Funding Circle U.S
Jason Dies, Who Has Successfully Overseen SendTech, Presort and Other Critical Business Functions Within the Company, Appointed Interim CEO Marc Lautenbach Has Stepped Down as President, CEO and Board Member The Board Has Formed a Long-Term Planning Committee to Oversee a Search for a Permanent Successor and Support Other Value-Enhancing Initiatives Pitney Bowes Inc. (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced that the independent members of its Board of Directors (the "Board") have unanimously approved the following actions: This press release features multimedia. View the full release here: https://w
Janus International Group, Inc. (NYSE:JBI) ("Janus" or the "Company"), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced the appointment of Roger Fradin to the position of Vice Chairman of the Board of Directors, effective July 5, 2023. Mr. Fradin, who has served as a director of Janus since 2021, has over 40 years of experience acquiring, building and leading a diverse set of industrial technology businesses. Mr. Fradin's previous roles include President and Chief Executive Officer of the Security and Fire Solutions segment of Pittway Corporation, President and Ch