10-Q - PITNEY BOWES INC /DE/ (0000078814) (Filer)

8-K - PITNEY BOWES INC /DE/ (0000078814) (Filer)

8-K - PITNEY BOWES INC /DE/ (0000078814) (Filer)

8-K - PITNEY BOWES INC /DE/ (0000078814) (Filer)

8-K - PITNEY BOWES INC /DE/ (0000078814) (Filer)

10-Q - PITNEY BOWES INC /DE/ (0000078814) (Filer)

8-K - PITNEY BOWES INC /DE/ (0000078814) (Filer)

8-K - PITNEY BOWES INC /DE/ (0000078814) (Filer)

8-K - PITNEY BOWES INC /DE/ (0000078814) (Filer)

8-K - PITNEY BOWES INC /DE/ (0000078814) (Filer)

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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

Believes Board's Refresh Fails to Address the Ineffective Leadership of CEO Marc Lautenbach, who has Overseen Dramatic Balance Sheet Deterioration and -50% TSR Despite Receiving ~$67 Million in Compensation Since 2012 Concerned New Chair Robert Dutkowsky Holds Four Public Company Director Roles, Maintains Two Public Company Chairman Roles, Overlapped at IBM with Mr. Lautenbach and Served on Committees That Perpetuated Failings at Pitney Bowes  Modifies Slate to Include Five Nominees with Experience in Capital Allocation, Corporate Governance, Capital Raising, Logistics, the Postage and Shipping Sectors, and Turnarounds Provides a Framework for Improving Cashflow by Curtailing Global Ec

Darrell Thomas and Steve Brill Appointed to Board Directors Michael I. Roth, S. Douglas Hutcheson, and David L. Shedlarz to Not Stand for Re-election at 2023 Annual Meeting Board of Directors Supports the Election of Hestia Capital Nominee Katie May as Director Robert M. Dutkowsky to Become Non-Executive Chairman Company Issues Letter to Stockholders Pitney Bowes (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced that it has filed its preliminary proxy materials with the Securities and Exchange Commission ("SEC") in connection with its upcoming 2023 Annual Meeting of Stockholders (the "2023 Annual Meeting"). Th

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

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 repaid $100 million of the $275 million in senior secured notes ("2028 Notes") issued by Oaktree Capital Management, L.P. ("Oaktree"), the balance of which was $272 million as of September 30, 2024. The partial payment of the 2028 Notes is part of the Company's previously announced strategic initiative to deleverage its balance sheet. The repayment was funded by cash on hand. Lance Rosenzweig, Pitney Bowes' Chief Executive Officer, commented: "Our accelerated pr

Resolution Will Pave the Way for Completion of GEC Exit by End of 2024 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 reached an agreement in principle (the "Agreement in Principle") with DRF Logistics LLC ("DRF") (f/k/a the Global Ecommerce segment) to resolve ongoing disputes with the official committee of unsecured creditors (the "Committee"). The Committee is tasked with representing the interests of all creditors asserting unsecured claims against DRF and its affiliated debtor. Lance Rosenzweig, Pitne

Expects Q4 2024 Revenue of $505 Million to $515 Million 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 provided supplemental detail around guidance for the fourth quarter of 2024, long-term revenue considerations, and debt reduction and refinancing efforts. Q4 2024 Revenue Outlook Detail The Company announced updated guidance on November 7, 2024, including a full-year revenue decline in a low-single-digit range and a full-year Adjusted EBIT increase to $355 million to $360 million. For additional clarity, the Company's revenue outlook for the fourth quarter o

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 (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 a new program with FedEx, which will offer a FedEx Platform Account to Pitney Bowes customers. Through the FedEx Platform Account, Pitney Bowes customers can access discounted FedEx rates and expanded service options through their multicarrier shipping software, including ShipAccel, powered by Pitney Bowes, without the need for a FedEx shipping account. This collaboration benefits Pitney Bowes diverse customer base, providing the essential edge required in today'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 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

New solution leverages extensive history of innovation to better serve growing ecommerce market Pitney Bowes (NYSE:PBI), a global shipping and mailing company, today announced the launch of ShipAccel, a digital platform designed to simplify and enhance shipping operations with advanced ecommerce technology. This launch reinforces Pitney Bowes' offerings in the ecommerce market, now aimed at equipping shippers with technology that addresses their evolving needs. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923002401/en/ShipAccel Powered by pitney bowes. Your one-stop shipping solution. (Photo: Business Wire) Debuting at Shop

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

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Industrials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume UBER CALL TRADE BULLISH 07/19/24 $70.00 $56.7K 25.3K 12.5K FLR CALL SWEEP BEARISH 11/

Pitney Bowes Inc. (NYSE:PBI) shares are trading higher after the company provided an update on the first phase of its cost rationalization initiative, initially announced in late May 2024. The company has identified and implemented around $70 million in cost savings, with most of these savings realized in the second quarter. Pitney Bowes expects non-recurring charges of about $25 million related to these efforts to be recorded in the second quarter. The cost reductions are expected to be mostly reflected in the company’s pre-tax earnings for the second half of 2024 and fully realized in 2025, primarily from expense reductions in SendTech and Presort. Additionally, management has

Management has Expeditiously Implemented ~$70 Million in Cost Reductions Over the Past Month and Identified New Opportunities for Strengthening Pitney BowesThe Cost Rationalization Program's Increased Savings Target is $120 Million to $160 Million, Up from $60 Million to $100 MillionPitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced an update on the first phase of the Company's cost rationalization initiative, which was previously announced in late May 2024.The Company has identified and initiated approximately $70 million in cost savings, the majority of which has a

Initial analysis has identified an additional $60 million to $100 million in potential annualized savings across the organization, apart from the Global Ecommerce business. Pitney Bowes is working to reduce its go-forward required cash needs by approximately $200 million.  In connection with these initiatives, Pitney Bowes has retained two nationally recognized consulting firms with financial and operational expertise.  

U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 0.1% on Thursday. Shares of Nayax Ltd. (NASDAQ:NYAX) fell sharply in today's pre-market trading following weak quarterly results. Nayax posted a GAAP loss of 15 cents per share, compared to market expectations for a loss of 4 cents per share. The company's quarterly sales came in at $63.962 million, missing estimates of $72.825 million, according to data from Benzinga Pro. Nayax shares dipped 7.2% to $25.96 in pre-market trading. Here are some big stocks recording losses in today's pre-market trading session. Spire Global, Inc. (NYSE:SPIR) shares dipped 23.3% to $8.70 in pre-market tradi