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Dec 31, 2021
Pitney Bowes Q4 2021 Earnings Report
Pitney Bowes' Q4 2021 financial performance was announced, revealing a revenue decline of 4 percent and adjusted EPS of $0.06.
Key Takeaways
Pitney Bowes reported a Q4 2021 revenue of $984 million, a 4% decrease year-over-year. GAAP EPS was $0.01, and adjusted EPS was $0.06. Presort Services saw a revenue increase of 16% and an EBIT increase of 80%. However, SendTech revenue decreased by 6%, and Global Ecommerce revenue decreased by 9%. The company delivered its fifth consecutive year of consolidated revenue growth.
Q4 2021 revenue was $984 million, a 4% decrease year-over-year.
GAAP EPS was $0.01, and adjusted EPS was $0.06.
Presort Services revenue grew by 16% with EBIT growth of 80%.
Global Ecommerce revenue declined by 9% due to lower domestic parcel volumes.
Pitney Bowes
Pitney Bowes
Pitney Bowes Revenue by Segment
Revenue by Segment
SendTech Solutions Revenue
CapyFin.comPresort Services Revenue
CapyFin.com Forward Guidance
The Company expects annual revenue and EBIT to grow over prior year in the low-to-mid single digit range. The Company expects to refine expectations throughout the year, especially as Covid and supply chain issues dissipate.
Revenue & Expenses
Visualization of income flow from segment revenue to net income