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Mar 31, 2020
Pitney Bowes Q1 2020 Earnings Report
Pitney Bowes' first quarter earnings were announced, revealing a flat revenue compared to the previous year and a GAAP EPS loss.
Key Takeaways
Pitney Bowes reported a flat revenue of $796 million compared to the prior year. The GAAP EPS was a loss of $1.22, while adjusted EPS was $0.05. The company is suspending its 2020 annual guidance due to the uncertainty surrounding Covid-19.
Revenue totaled $796 million, flat compared to prior year.
GAAP EPS was a loss of $1.22, including a non-cash $1.15 per share goodwill impairment charge.
Adjusted EPS was $0.05, negatively impacted by increased credit loss provisions.
The company secured a new $850 million five-year Term Loan B and suspended its 2020 annual guidance.
Revenue by Segment
Forward Guidance
Based on the level of uncertainty around the depth and duration of Covid-19, in addition to the impact on clients, consumer demand and suppliers, and how it may ultimately impact each of our businesses, the Company is suspending guidance for the current financial year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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