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Jun 30, 2020
Pitney Bowes Q2 2020 Earnings Report
Pitney Bowes' second quarter earnings were announced, revealing a revenue increase and adjusted EPS, despite a GAAP EPS loss, driven by growth in Global Ecommerce and higher customer deposits.
Key Takeaways
Pitney Bowes reported a 6% increase in revenue to $837 million. The company reported a GAAP EPS loss of $0.02, but an adjusted EPS of $0.04. They also reported GAAP cash from operations of $153 million and free cash flow of $148 million.
Revenue increased by 6 percent as reported and 7 percent when adjusted for currency impacts.
GAAP EPS was a loss of $0.02, while adjusted EPS was $0.04.
GAAP cash from operations reached $153 million, with free cash flow at $148 million.
Company ended the quarter with over $1 billion in cash and short-term investments.
Pitney Bowes
Pitney Bowes
Pitney Bowes Revenue by Segment
Revenue by Segment
SendTech Solutions Revenue
CapyFin.comPresort Services Revenue
CapyFin.com Forward Guidance
Given the continued level of uncertainty around the depth and duration of Covid-19, and consistent with direction provided last quarter, the Company has suspended its 2020 annual guidance.