STOCK TITAN

Pitney Bowes Inc. - PBI STOCK NEWS

Welcome to our dedicated page for Pitney Bowes news (Ticker: PBI), a resource for investors and traders seeking the latest updates and insights on Pitney Bowes stock.

Pitney Bowes Inc. (NYSE: PBI) is a renowned global technology company established in 1920, dedicated to offering innovative products and solutions that help clients navigate the complexities of commerce. With a focus on customer information management, location intelligence, customer engagement, shipping and mailing, and global e-commerce, Pitney Bowes serves more than 1.5 million clients worldwide, including 90% of the Fortune 500, over 200 retailers, and numerous small businesses.

Pitney Bowes operates through three main business segments: Global E-commerce, Presort Services, and SendTech Solutions, with the majority of its revenue generated in the United States. The company's extensive portfolio includes domestic delivery, return and fulfillment services, cross-border shipping solutions, presorting services, and digital mailing and shipping technologies.

Driving their relentless pursuit of innovation are Pitney Bowes' 15,000+ dedicated employees. The company's commitment to technological advancement is evident in its 2,300 active patents, ensuring precise and accurate solutions for their clients. Recent partnerships, such as the one with ReverseLogix, enhance their service offerings, providing substantial savings and increased efficiency in return shipments.

In terms of financial health and corporate responsibility, Pitney Bowes continues to progress, leveraging its longstanding expertise and modern capabilities to meet the evolving needs of its diverse clientele. For the latest updates, corporate announcements, and financial results, visit their newsroom.

Rhea-AI Summary

Pitney Bowes (NYSE:PBI) has announced the expansion of its Designed Delivery service into the Canadian market, aiding local retailers in reaching both Canadian and US consumers. This service leverages the company's established US delivery network and deep Canadian carrier partnerships.

The offering includes optimized delivery speed, a diversified last mile network, and customizable tracking solutions at no extra cost. The service aims to enhance the order experience for Canadian brands, with substantial interest reported from major shippers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Pitney Bowes (NYSE: PBI) announced that Christopher Johnson, Senior VP and President of Financial Services, has been recognized in Savoy Magazine’s 2022 Most Influential Black Executives in Corporate America list. Johnson oversees the company's strategy, growth, and operations in financial services. This prestigious listing was derived from over 500 candidates, highlighting his achievements and community contributions. Marc B. Lautenbach, President and CEO, commended Johnson's leadership and integrity, emphasizing the company’s appreciation for his role in driving business success.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.08%
Tags
none
Rhea-AI Summary

Pitney Bowes (NYSE: PBI), a global shipping and mailing company, announced it has obtained FedRAMP authorization for its SendPro 360 platform, enhancing data security for federal clients. This authorization validates the company's commitment to providing secure cloud services and follows a rigorous two-and-a-half year evaluation process. The platform offers federal clients secure access to advanced mailing technologies and analytics. With this achievement, Pitney Bowes joins the ranks of other authorized companies like IBM and Google, illustrating its dedication to innovation and robust security.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.14%
Tags
none
-
Rhea-AI Summary

American Eagle Outfitters (NYSE: AEO) announced a new partnership with Pitney Bowes (NYSE: PBI) through its subsidiary Quiet Platforms. This collaboration enhances logistics capabilities, providing faster delivery services to optimize supply chains. Brent Beabout, President of Quiet Platforms, emphasized the efficiency gains for retailers, while Pitney Bowes aims to innovate supply chain solutions. Quiet Platforms, formed from AEO's acquisitions, aims to support small and midsized retailers with a shared supply chain model that reduces costs and improves sustainability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
partnership
-
Rhea-AI Summary

Pitney Bowes reported a record US parcel volume increase of 6% in 2021, totaling 21.5 billion parcels. Carrier revenues surged by 16% year-over-year, reaching $188 billion. Notably, UPS held the highest share with 37% of carrier revenue. The report indicates continued growth in parcel volume, projected to hit between 25-40 billion by 2027, with a 5%-10% CAGR from 2022-2027. The resilience of the shipping industry amid pandemic challenges underscores the growing consumer reliance on online shopping.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.99%
Tags
none
Rhea-AI Summary

Pitney Bowes has launched a new Presort Services Mega Center in Las Vegas, Nevada, spanning 175,000 square feet, making it their largest facility to date for processing mail. This center will handle First-Class™ Letters, Marketing Mail®, and Bound Printed Matter all in one location, enhancing operational efficiencies. It aims to serve mail volumes from surrounding states, employing over 200 full-time workers. In 2021, Pitney Bowes processed more than 17 billion pieces of mail and parcels, showcasing its position as the largest workshare partner of the USPS®.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.56%
Tags
none
-
Rhea-AI Summary

Pitney Bowes (NYSE:PBI) has declared a quarterly cash dividend of $0.05 per share, scheduled for payment on June 8, 2022. This dividend will benefit stockholders recorded as of May 23, 2022. As a global shipping and mailing company, Pitney Bowes serves a vast clientele, including over 90% of the Fortune 500, providing technology, logistics, and financial services. This move signals the company's commitment to returning value to its shareholders amidst its operational activities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.17%
Tags
dividends
-
Rhea-AI Summary

Pitney Bowes (PBI) reported Q1 2022 revenue of $927 million, a 1% increase year-over-year. GAAP EPS was $0.12, while adjusted EPS rose to $0.08 from $0.07 in Q1 2021. Global Ecommerce saw margin expansion, marking its highest quarterly gross margin. Presort Services revenue grew 12%, driven by improved net revenue per piece, though SendTech experienced a 3% decline. The company reduced debt by $99 million and anticipates low-to-mid single-digit revenue growth for the year, with cash flow levels similar to 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.43%
Tags
Rhea-AI Summary

Pitney Bowes (NYSE:PBI) has unveiled a new portfolio of ecommerce logistics services aimed at enhancing operations for direct-to-consumer brands and retailers. This offering includes Designed Delivery, Designed Returns, Designed Cross-Border, and Designed Fulfillment, utilizing advanced analytics and machine learning. The new solutions are tailored to meet the evolving needs of ecommerce shippers, improving flexibility and operational efficiency while addressing challenges created by the pandemic-driven surge in online shopping.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.58%
Tags
none

FAQ

What is the current stock price of Pitney Bowes (PBI)?

The current stock price of Pitney Bowes (PBI) is $7.23 as of December 20, 2024.

What is the market cap of Pitney Bowes (PBI)?

The market cap of Pitney Bowes (PBI) is approximately 1.3B.

What does Pitney Bowes Inc. do?

Pitney Bowes Inc. offers innovative products and solutions in customer information management, location intelligence, customer engagement, shipping and mailing, and global e-commerce.

What are the main business segments of Pitney Bowes?

Pitney Bowes operates through three main segments: Global E-commerce, Presort Services, and SendTech Solutions.

Who are the clients of Pitney Bowes?

Pitney Bowes serves over 1.5 million clients, including 90% of the Fortune 500, more than 200 retailers, and many small businesses.

Where does Pitney Bowes generate most of its revenue?

The majority of Pitney Bowes' revenue is generated from operations in the United States.

What recent partnership has Pitney Bowes entered into?

Pitney Bowes has partnered with ReverseLogix to enhance their return management services, providing cost savings and greater efficiency for customers.

How many employees does Pitney Bowes have?

Pitney Bowes employs over 15,000 people globally.

How many patents does Pitney Bowes hold?

Pitney Bowes holds over 2,300 active patents.

When was Pitney Bowes founded?

Pitney Bowes was founded in 1920.

What recent achievements has Pitney Bowes announced?

Pitney Bowes recently announced a partnership with ReverseLogix to offer enhanced return management capabilities, leading to cost savings and improved efficiency for customers.

Where can I find the latest news about Pitney Bowes?

For the latest updates, corporate announcements, and financial results, visit Pitney Bowes' newsroom at www.pitneybowes.com/us/newsroom.

Pitney Bowes Inc.

NYSE:PBI

PBI Rankings

PBI Stock Data

1.31B
178.05M
1.9%
70.45%
6.55%
Integrated Freight & Logistics
Office Machines, Nec
Link
United States of America
STAMFORD