---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-036439"
form_type: "8-K"
ticker: "PBI"
cik: "0000078814"
company_name: "PITNEY BOWES INC /DE/"
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:25:53.064204+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Pitney Bowes Q2 net loss narrows to $25M; exits GEC via Hilco sale, updates FY guidance

## Summary
- Q2 revenue $793M (+2% YoY); GAAP EPS loss $0.14, adjusted EPS $0.03 (up $0.05 YoY).
- GEC segment stake sold to Hilco Global; Chapter 11 filed Aug 8; annual loss elimination $136M.
- Cost rationalization: ~$70M annual cuts realized; target $120M-$160M total savings.
- Cash optimization: $100M international cash repatriated; cash needs target raised to $240M.
- FY2024 guidance: revenue flat to low-single-digit decline; EBIT $340M-$355M (ex-GEC).

## SEC filing metadata
- accession: 0001140361-24-036439
- form_type: 8-K
- ticker: PBI
- cik: 0000078814
- company_name: PITNEY BOWES INC /DE/
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78814/000114036124036439/0001140361-24-036439-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78814/000114036124036439/ef20033688_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-036439
- JSON: https://secwatch.observer/filing/0001140361-24-036439.json
- Plain text: https://secwatch.observer/filing/0001140361-24-036439.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.