Loading...
•
Dec 31, 2019
Pitney Bowes Q4 2019 Earnings Report
Pitney Bowes' Q4 2019 earnings declined compared to the previous year, impacted by a ransomware attack and lower segment revenue.
Key Takeaways
Pitney Bowes reported a revenue of $831 million, a 3% decrease year-over-year. GAAP EPS was $1.03, while adjusted EPS was $0.14. The company's results were impacted by a ransomware attack, which adversely affected revenue by approximately $18 million and EPS by approximately $0.08 per share.
Revenue decreased by 3% to $831 million, or 2% when adjusted for currency and market exits.
GAAP EPS was $1.03, while adjusted EPS was $0.14.
Commerce Services revenue grew by 5% year-over-year.
SendTech Solutions revenue declined by 11% year-over-year.
Revenue by Segment
Forward Guidance
The Company expects for full year 2020: Revenue, on a constant currency basis, is expected to be in the range of 1 percent decline to 1.5 percent growth when compared to 2019. Adjusted EPS from continuing operations to be in the range of $0.60 to $0.70 and reflects double-digit EBIT dollar growth over prior year, which will be offset by an expected higher tax rate as compared to prior year. Free cash flow to be in the range of $140 million to $170 million.
Positive Outlook
- Revenue, on a constant currency basis, is expected to be in the range of 1 percent decline to 1.5 percent growth when compared to 2019.
- Adjusted EPS from continuing operations to be in the range of $0.60 to $0.70
- Adjusted EPS reflects double-digit EBIT dollar growth over prior year.
- Free cash flow to be in the range of $140 million to $170 million.
- Free cash flow also reflects the planned use of cash for growth in third party leasing initiatives.
Challenges Ahead
- Revenue, on a constant currency basis, is expected to be in the range of 1 percent decline
- Adjusted EPS reflects which will be offset by an expected higher tax rate as compared to prior year.
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
Loading earnings performance data...
Loading earnings reaction data...