Pitney-Bowes (PBI) Reports In-Line Q4 EPS

Pitney-Bowes (NYSE: PBI) reported Q4 EPS of $0.51, in-line with the analyst estimate of $0.51. Revenue for the quarter came in at $984 million versus the consensus estimate of $1.03 billion.

Pitney-Bowes sees FY2015 EPS of $1.85-$2.00, which includes the incremental investment of $0.15 to $0.18 per share related to the implementation of a new ERP system and expanded marketing programs, and may not compare to the consensus of $1.99.

“We are very pleased with our full-year financial results and our fourth quarter performance,” said Marc Lautenbach, President and CEO, Pitney Bowes. “For the first time in several years, we grew revenue for the full year while at the same time we met our objectives for adjusted earnings per share and free cash flow. While we are still early in our transformation, the strategy we began implementing two years ago is working and our vision to deliver innovative physical and digital products and solutions is resonating with our clients around the world. We will continue to focus on reducing costs, while at the same time invest in the areas that will optimize our business and grow revenue. Going forward, we expect to realize the benefits of these initiatives throughout 2015 and over the next several years.”

For earnings history and earnings-related data on Pitney-Bowes (PBI) click here.

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