Share Repurchase Program
Pitney Bowes spent an additional $161 million on share repurchases during the quarter, demonstrating confidence in the company's future.
Cost Reduction Initiative
The company announced $50 million to $60 million in cost cuts, which are expected to be fully realized by the end of 2026.
Presort Business Volume Recovery
Pitney Bowes has not lost a single Presort customer since June and is optimistic about increasing volumes next year.
SendTech Revenue Improvement
Revenue declines in the SendTech segment are decelerating, and the impact of the IMI migration is largely behind the company.