The earnings call highlighted significant cost reductions, strong financial performance, and successful deleveraging efforts, indicating effective strategic initiatives. However, challenges included a decline in revenue and the impact of SendTech's product cycle. Overall, the company is positioned for future growth with a focus on efficiency and strategic priorities.

Company Guidance

During the Pitney Bowes Fourth Quarter and Full Year 2024 Earnings Release Call, the company provided guidance for 2025, projecting revenue between $1.95 billion and $2 billion, and adjusted EBIT ranging from $450 million to $480 million. Adjusted EPS is expected to be between $1.10 and $1.30 per share. The company anticipates generating free cash flow of $330 million to $370 million, excluding restructuring payments and capital expenditures, which are forecasted to remain consistent with 2024 levels. Pitney Bowes highlighted continued growth opportunities in its SendTech and Presort segments, with Presort achieving a 49% increase in adjusted EBIT in 2024. Cost reduction initiatives are set to deliver $170 million to $190 million in annualized savings by 2026. The company's capital allocation strategy involves investing in organic growth, pursuing tuck-in acquisitions, debt reduction, and returning capital to shareholders through dividends and a $150 million share repurchase program.

Significant Cost Reductions and Efficiency Gains

Achieved $120 million in annualized cost savings by the end of 2024, with a target increase to $170-$190 million in net annualized savings. These reductions are driven by overhead reductions, IT system simplification, and facility consolidation.

Strong Financial Performance

Adjusted EPS increased by 34% to $0.82, and adjusted EBIT rose 25% to $385 million. Free cash flow was $290 million, excluding restructuring payments.

Presort Business Growth

Presort revenue for the full year rose to $663 million from $618 million, with a 49% increase in adjusted EBIT. Fourth-quarter revenue increased by 10% over the prior year.

Deleveraging Success

Paid off $275 million in Oaktree notes using internally generated cash and refinanced near-term maturities, extending the nearest maturity to March 2027.

Strategic Initiatives and Future Growth

Exited Global Ecommerce segment, unlocking more than $200 million in cash for efficient deployment. Focus on SendTech and Presort for future growth, with shipping technology revenue growing 18% in Q4.

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Pitney Bowes (PBI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PBI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 25, 2025	2025 (Q1)	0.27 / -	-0.01	―	―	―
Feb 11, 2025	2024 (Q4)	0.14 / 0.32	0.07	357.14% (+0.25)
Nov 07, 2024	2024 (Q3)	0.14 / 0.21	0	―
Aug 08, 2024	2024 (Q2)	-0.07 / 0.03	-0.02	250.00% (+0.05)
May 02, 2024	2024 (Q1)	-0.04 / -0.01	-0.01	0.00% (0.00)
Feb 01, 2024	2023 (Q4)	0.02 / 0.07	0.06	16.67% (+0.01)
Nov 02, 2023	2023 (Q3)	-0.02 / 0.00	0	―
Aug 03, 2023	2023 (Q2)	-0.01 / -0.02	0.02	-200.00% (-0.04)
May 04, 2023	2023 (Q1)	0.00 / -0.01	0.08	-112.50% (-0.09)
Jan 31, 2023	2022 (Q4)	0.08 / 0.06	0.06	0.00% (0.00)

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
Feb 11, 2025	$8.74	$9.76	+11.67%
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%

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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