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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 Makes Shipping and Logistics Easier at Parcel Forum '23

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Pitney Bowes to showcase shipping and mailing solutions at Parcel Forum 2023
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Bradley L. Radoff Issues Letter to Recently-Appointed Directors Steven Brill and Darrell Thomas Regarding the Need for Urgent Action at Pitney Bowes

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Bradley L. Radoff urges Pitney Bowes to take immediate action to address issues with Global Ecommerce (GEC) and reduce corporate overhead.
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Pitney Bowes Issues Open Letter to Stamps.com Customers Encouraging them to Switch to PitneyShip

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Pitney Bowes encourages Stamps.com customers to switch to PitneyShip, offering a 30-day free trial with a chance to win one of five $10,000 cash gifts. PitneyShip is priced 25% less than Stamps.com and provides superior shipping label and stamp printing at discounted prices.
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-2.26%
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Pitney Bowes Parcel Shipping Index Confirms Extended Effects of COVID-19 Lockdowns on Chinese Shipping Through 2022

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Global parcel volume grew only 1 percent due to unprecedented slowdown in China, while carrier revenue declined 1 percent. Pitney Bowes Inc. released their Global Parcel Shipping Index, revealing that global parcel volume reached 161 billion in '22, with China experiencing the slowest growth in its history. The Index estimates parcel volume will reach 225 billion by 2028, with a 6% CAGR '23-'28.
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1.45%
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Pitney Bowes Declares Common Stock Dividend

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-10%
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Pitney Bowes Announces Second Quarter 2023 Financial Results

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Pitney Bowes (PBI) announced its Q2 2023 financial results, revealing a 11% decrease in revenue to $776 million. The GAAP EPS was a loss of $0.81, and Adjusted EPS was a loss of $0.02. The company processed 50 million domestic parcels, with Presort growing Adjusted Segment EBIT by 59% and Adjusted Segment EBIT margins by 500 basis points. SendTech shipping-related revenues increased 14% year-over-year. Pitney Bowes expects full-year revenue to be on the lower end of the guidance, with relatively flat growth on a comparable basis.
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Pitney Bowes Expands Regional Delivery Services to More Than 20 Major US Cities for Faster, More Cost-Effective Ecommerce Shipping

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Pitney Bowes (PBI) expands regional delivery service models to over 20 major cities in the Southeast and Southwest United States, offering 1-3 day delivery in select markets. The company leverages its Designed Delivery Platform for ecommerce shippers, including highly automated sort centers and best-in-class technology, to reach an additional 100 million consumers within 1-3 days in select zip codes.
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Pitney Bowes Board of Directors Elects Mary J. Guilfoile as Non-Executive Chair of the Board

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1.51%
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US Navy Chooses Pitney Bowes to Assist in Package Distribution Worldwide

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Pitney Bowes has been chosen by the US Navy to support its package distribution transformation by using Pitney Bowes ParcelPoint™ Smart Lockers. The Department of Navy has awarded Pitney Bowes a $7.4 million contract for the use of their FedRAMP solutions that includes intelligent lockers to assist in package distribution worldwide. The integration of smart lockers gives sailors access to a free and secure mailbox 24/7 and removes the guesswork of tracking with a fully automated system that alerts via e-mail when a package is ready for pick-up.
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Hestia Capital Thanks Fellow Stockholders for Their Support at Pitney Bowes’ 2023 Annual Meeting

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5.67%
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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
STAMFORD