Pitney Bowes Inc. (N:PBI)
Business Focus: Office Equipment
| Sector: Technology | Industry: Office Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1 ELMCROFT ROAD, PITNEY BOWES INC STAMFORD CT 06926-0700 |
| Tel: | N/A |
| Website: | https://www.pitneybowes.com/us |
| IR: | See website |
| Key People | ||
| Jason C. Dies Interim Chief Executive Officer | John Witek Interim Chief Financial Officer | Shemin Nurmohamed President - Sending Technology Solutions |
| Andrew Gold Senior Vice President, Chief Human Resource Officer | James Fairweather Executive Vice President, Chief Innovation Officer | Christoph Stehmann Executive Vice President - International Sending Technology Solutions | Gregg Zegras Executive Vice President, President - Global Ecommerce |
| Business Overview |
| Pitney Bowes Inc. is a shipping and mailing company. The Company provides technology, logistics, and financial services to small and medium sized businesses, large enterprises, retailers, and government clients. Its segments include Global Ecommerce, Presort Services and SendTech Solutions. The Global Ecommerce segment offers domestic parcel services, cross-border solutions, and digital delivery services. Its domestic parcel services offer retailers a parcel delivery and returns network for end consumers. The Presort Services segment offers national outsource provider of mail sortation services that allow clients to qualify large volumes of first-class mail, marketing mail and marketing mail flats and bound printed matter for postal workshare discounts. Its SendTech Solutions segment offer clients with physical and digital mailing and shipping technology solutions and other applications to help simplify and save on the sending, tracking, and receiving of letters, parcels, and flats. |
| Financial Overview |
| For the three months ended 31 March 2024, Pitney Bowes Inc. revenues decreased less than 1% to $830.5M. Net loss decreased 63% to $2.9M. Revenues reflect Presort Services segment increase of 7% to $169.8M, SendTech Solutions segment increase of 6% to $190.3M, also reflect Global Ecommerce segment decrease of 4% to $333.3M, Revenue from Leasing transactions and financing segment decrease of 7% to $137.1M. Lower net loss reflects Selling. |
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