Pitney-Bowes (PBI) Tops Q1 EPS by 4c

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Go back to Pitney-Bowes (PBI) Tops Q1 EPS by 4c

Pitney Bowes Announces First Quarter 2024 Financial Results

May 2, 2024 7:00 AM EDT

STAMFORD, Conn.--(BUSINESS WIRE)-- Pitney Bowes (NYSE: PBI) (Pitney Bowes or the Company), a global shipping and mailing company that provides technology, logistics, and financial services, today announced its financial results for the first quarter 2024.

Jason Dies, Interim Chief Executive Officer, commented:

We came out of the gate strong with first quarter results that reflect enterprise-wide changes in our operating intensity and efficiency efforts. Net income improved $5 million over prior year. Adjusted EBIT grew by more than $23 million on relatively flat revenue. This includes solid segment-level performance and systematic cost reductions,... More