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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.

News

Pitney Bowes Named ‘Best Employer for Diversity’ by Forbes for Sixth Consecutive Year

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Pitney Bowes has been named to Forbes' Best Employers for Diversity 2024 list for the sixth year in a row, highlighting the company's commitment to diversity and inclusion. The recognition is based on a survey of over 170,000 U.S.-based employees, with Pitney Bowes standing out for its diverse workforce composition, inclusive leadership team, and strong emphasis on diversity and inclusion initiatives. The company has also been previously recognized for its efforts in promoting gender equality and LGBTQ+ workplace inclusion.
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Pitney Bowes Celebrates 20-Year Partnership with Reading Is Fundamental with 20 Events in 20 Cities

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Pitney Bowes celebrates its 20-year partnership with Reading Is Fundamental by organizing 20 events in 20 cities across the country. The company is actively involved in promoting children's literacy through volunteer activities and distributing literacy kits to children in need. The partnership has been instrumental in providing books and resources to support reading proficiency among elementary students, with a focus on promoting lifelong learning and opportunity.
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Pitney Bowes Parcel Shipping Index: Consumer Demand for “Real-Time Retail” Shakes Carrier Market Share

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Pitney Bowes Inc. released its annual U.S. Parcel Shipping Index, showing a decline in U.S. market parcel revenue for the first time in seven years despite increased parcel volume. Amazon Logistics outperformed UPS and FedEx with a 15.7% volume growth, while USPS remained the market leader. The carrier landscape is shifting towards smaller competitors, with a focus on cost-effective shipping services. Pitney Bowes forecasts U.S. parcel volume to reach between 23 billion and 35 billion by 2029.
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Pitney Bowes Recognized by Fortune as One of America’s Most Innovative Companies

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Pitney Bowes (PBI) has been recognized as one of America's Most Innovative Companies in 2024 by Fortune and Statista Inc. The company's commitment to innovation, spanning over a century, is highlighted through its innovative solutions, services, and internal culture. Pitney Bowes focuses on creating value for clients, improving efficiency, and enhancing business results through technology, process, and business model innovation.
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Pitney Bowes Announces CFO Transition Process

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Pitney Bowes appoints John Witek as interim Chief Financial Officer, leveraging his expertise in cost optimization and efficiency. Ana Maria Chadwick to transition to a new role, with Witek ensuring stability and strategic advancement.
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Pitney Bowes Launches New Delivery, Tracking, and Returns Capabilities at Shoptalk 2024

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Pitney Bowes (NYSE:PBI) announces new ecommerce logistics solutions, including gift tracking and expanded regional delivery services reaching 90% of the US population within 1-3 days. The company launches new tracking and returns capabilities at Shoptalk 2024, aiming to enhance the post-purchase journey for clients.
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Pitney Bowes Declares Common Stock Dividend

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Pitney Bowes Inc. (PBI) has declared a quarterly cash dividend of $0.05 per share on its common stock, to be paid on March 14, 2024. The company provides technology, logistics, and financial services globally.
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Pitney Bowes Announces Fourth Quarter and Full Year 2023 Financial Results

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Pitney Bowes (NYSE: PBI) announced its financial results for Q4 and full year 2023. Revenue for Q4 was $872 million, a 4% decrease, with a GAAP EPS loss of $1.27. Full year revenue was $3.3 billion, an 8% decrease, with a GAAP EPS loss of $2.20. The company reduced total debt by $59 million and refinanced its 2024 notes. SendTech and Presort segments saw revenue declines, while Global Ecommerce experienced strong volumes during peak. The company expects flat to low-single digit revenue decline in 2024.
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Pitney Bowes and PackageHub© Launch National ‘No-Box/No-Label’ Returns Drop-off Network

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Pitney Bowes (PBI) announces launch of returns drop-off network with PackageHub, offering no-box and no-label returns at nearly 1,000 locations across the US at no additional cost. Hundreds more locations expected in the coming months, benefiting retailers and consumers. The network is expected to reduce exceptions during processing, fraud, and increase consumer convenience.
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Pitney Bowes Earns Top Score in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index

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Pitney Bowes (NYSE:PBI) has earned a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index, showcasing its commitment to LGBTQ+ workplace equality. The company's efforts in satisfying all the CEI’s criteria earned it the designation as recipient of the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion.
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FAQ

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

The current stock price of Pitney Bowes (PBI) is $8.05 as of November 22, 2024.

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

The market cap of Pitney Bowes (PBI) is approximately 1.4B.

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.

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Pitney Bowes Inc.

NYSE:PBI

PBI Rankings

#2273 Ranked by Market Cap
#1197 Ranked by Dividends

PBI Stock Data

1.42B
178.09M
1.87%
69.91%
7.28%
Integrated Freight & Logistics
Office Machines, Nec
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United States of America
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