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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.
Pitney Bowes
Pitney Bowes
Pitney Bowes Revenue by Segment
Revenue by Segment
SendTech Solutions Revenue
CapyFin.comPresort Services Revenue
CapyFin.com 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
Visualization of income flow from segment revenue to net income