PBI Stock Recent News

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced the opening of a new 45,000 square foot Presort Services operating center serving the St. Louis, MO market. The new highly automated facility, located at 13955 Riverport Place, Maryland Heights, MO processed nearly 100,000 pieces of mail on its inaugural day, with volumes steadily increasing throughout this summer. Cu.

STAMFORD, Conn.--(BUSINESS WIRE)--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/fc9e9eeb.

STAMFORD, Conn.--(BUSINESS WIRE)--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 the appointment of Lance Rosenzweig as the Company's interim Chief Executive Officer (“CEO”), effective immediately. Mr. Rosenzweig will continue to serve as a member of the Board of Directors (the “Board”). In connection with today's appointment, Jason Dies has stepped down from the r.

Pitney Bowes (PBI) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.01 per share a year ago.

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Pitney Bowes has announced a cost reduction program that could positively impact future free cash flow growth. The company expects new net sales growth driven by strong volumes of domestic parcels, network productivity, and new technological solutions in the e-commerce business. The sale of assets and divisions in the past suggests that there may be new transactions in 2024, which could boost the company's balance sheet.

Pitney Bowes Inc. (PBI) Q4 2023 Earnings Call Transcript

Pitney Bowes (PBI) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.06 per share a year ago.

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