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Sep 30, 2024
Pitney Bowes Q3 2024 Earnings Report
Pitney Bowes' third quarter results reflected sustained strength in core businesses, with revenue down slightly but adjusted EPS and EBIT showing improvement due to cost efficiency and strategic initiatives.
Key Takeaways
Pitney Bowes reported a slight decrease in revenue but an increase in adjusted EPS and EBIT for Q3 2024. The company is progressing with its strategic initiatives, including exiting the Global Ecommerce business, cost rationalization, cash optimization, and balance sheet deleveraging. They are also updating full-year guidance to reflect continued strong business performance and accelerated execution of cost initiatives.
Revenue was $499 million, a 1% decrease year-over-year.
GAAP EPS was a loss of $0.75, including a loss of $1.42 per share from discontinued operations.
Adjusted EPS was $0.21, an improvement of $0.05 over the prior year.
Free Cash Flow was $75 million, an improvement of $19 million year-over-year.
Revenue by Segment
Forward Guidance
The Company now expects full-year revenue to decline at a low-single-digit rate and is raising its full-year Adjusted EBIT guidance to $355 to $360 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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