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Pitney Bowes Inc (PBI)
NYSE:PBI
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.14Last Year’s EPS
0.07Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -9.26%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call highlights strong financial performance with significant improvements in EBIT, EPS, and cash flow. Cost reduction and cash optimization efforts are progressing well, and the Presort segment shows robust growth. However, challenges in the SendTech segment and ongoing costs from the GEC exit temper the overall positive outlook.Company Guidance
During the Pitney Bowes Q3 2024 earnings call, guidance highlighted the company's strategic progress and financial performance. The call detailed a revenue of $499 million, a slight decline from the previous year, but a notable increase in adjusted EBIT to $103 million, up from $84 million the previous year. Adjusted EPS improved to $0.21, compared to $0.16 in the prior year, with free cash flow rising to $75 million from $56 million. The company accelerated its cost reduction efforts, removing $90 million in annualized costs, and aims to increase net cost savings to $150-$170 million. Cash optimization efforts resulted in repatriating $117 million back to the U.S., and the Pitney Bowes Bank's new initiatives are expected to enhance cash flow further. The exit from GEC is progressing, with anticipated one-time costs of $150 million expected to improve earnings by $136 million annually. Pitney Bowes raised its full-year EBIT guidance to $355-$360 million and expects revenue to decline at a low single-digit rate.Strong Q3 Results
Pitney Bowes reported Q3 revenue of $499 million, adjusted EBIT of $103 million, and adjusted EPS of $0.21, showing significant improvements from the previous year.
Successful Cost Reduction
Achieved $90 million in annualized cost savings, with a new forecast of $150 million to $170 million in net cost savings.
Progress in Cash Optimization
Repatriated $117 million back to the U.S. and set up a cash pooling system to maintain reduced overseas cash levels.
Presort Segment Growth
Presort revenue increased by 9% year-over-year, with EBIT up 59% due to higher volumes and pricing.
Growth in Shipping Revenue
Shipping-related revenue grew by 8%, now comprising 17% of SendTech segment revenue.
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PBI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PBI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $7.99 | $7.53 | -5.76% |
| Aug 08, 2024 | $5.60 | $6.20 | +10.71% |
| May 02, 2024 | $4.11 | $5.13 | +24.82% |
| Feb 01, 2024 | $3.96 | $4.00 | +1.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pitney Bowes Inc (PBI) report earnings?
Pitney Bowes Inc (PBI) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Pitney Bowes Inc (PBI) earnings time?
Pitney Bowes Inc (PBI) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PBI EPS forecast?
PBI EPS forecast for the fiscal quarter 2024 (Q4) is 0.14.
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