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Dec 31, 2024
Pitney Bowes Q4 2024 Earnings Report
Pitney Bowes announced its financial results for the fourth quarter and full year ended December 31, 2024, reporting a decrease in revenue and a net loss for the quarter.
Key Takeaways
Pitney Bowes reported a Q4 2024 revenue of $516 million, a 2% decrease year-over-year, and a GAAP EPS loss of $0.21. Despite the net loss, the company's adjusted EPS improved by 60% to $0.32, and adjusted EBIT increased by 33% to $114 million, driven by strategic initiatives and cost reductions.
Fourth quarter revenue was $516 million, a 2% decrease year-over-year.
GAAP EPS was a loss of $0.21, including a non-cash pension settlement charge of $0.37 per share and GEC exit costs of $0.12 per share.
Adjusted EPS improved by $0.12 or 60% over the prior year period, reaching $0.32.
Adjusted EBIT was $114 million, up $28 million or 33% versus the prior year period.
Revenue by Segment
Forward Guidance
For the full year 2025, Pitney Bowes expects revenue to be between $1.95 billion and $2.0 billion, Adjusted EBIT between $450 million and $480 million, Adjusted EPS between $1.10 and $1.30, and Free Cash Flow between $330 million and $370 million.
Positive Outlook
- Expected full year revenue of $1.95 billion to $2.0 billion.
- Expected full year Adjusted EBIT of $450 million to $480 million.
- Expected 2025 adjusted EPS to range from $1.10 to $1.30.
- Expected Free Cash Flow for 2025 to be in the range of $330 million to $370 million.
- The company believes strong full year results reinforce its position to grow cash flow and earnings.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text for 2025.
Revenue & Expenses
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Avg. Return Before/After Earnings
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