Pitney Bowes raises full-year guidance after Q2 profit gain

Pitney Bowes Inc. (NYSE: PBI) reported second-quarter 2026 net income of $50 million, up 66% from $30 million in the same period a year earlier, according to a company press release. Diluted earnings per share on a GAAP basis were $0.36, compared with $0.17 in Q2 2025.

Total revenue for the quarter was $451 million, a 2% decline from $462 million in the prior-year period. The SendTech Solutions segment posted revenue of $309 million, down 1% year-over-year, while Presort Services revenue fell 5% to $143 million. Presort sorted 3.3 billion pieces of mail in the quarter, a 3% reduction year-over-year.

Adjusted EBIT, a non-GAAP measure, rose 13% to $116 million from $102 million a year earlier. Adjusted EPS increased 59% to $0.43 from $0.27. Adjusted free cash flow grew 39% to $148 million from $106 million.

The company raised its full-year 2026 guidance for adjusted EBIT to a range of $445 million to $475 million, up from a prior range of $425 million to $465 million. Full-year adjusted EPS guidance was raised to $1.55–$1.70 from $1.50–$1.65. Adjusted free cash flow guidance was raised to $360 million–$410 million from $345 million–$380 million. Revenue guidance was reaffirmed at $1.80 billion to $1.86 billion.

On capital allocation, Pitney Bowes said it reduced total debt by $201 million from the end of Q1 2026 through July 29, 2026, including $104 million in Q2 and $97 million in July. As of July 29, the company had no outstanding balance on its revolving credit facility, with its next debt maturity not until March 2029. The company also repurchased 4.5 million shares for $53 million during the quarter at an average price of $11.75 per share. The board approved a quarterly cash dividend of $0.10 per share, payable September 8, 2026, to shareholders of record as of August 10, 2026.

You May Also Be Interested In

• Ardent Health revises 2025 non-GAAP figures after SEC staff talks
• EU proposes to curb Airbnb and short-term rentals amid housing shortage
• Lynx Equity sees Micron and SanDisk breakout as volatility normalizes