Pitney Bowes Q3 revenue $831M (-5% YoY), adj. EPS $0.00; reaffirms FY guidance

PITNEY BOWES INC /DE/

2022-Q3 EPS reported $0.17 revenue$2,629,351,000

GAAP EPS from continuing ops $0.03 vs $0.05 YoY; Adjusted EPS $0.00 vs $0.08 YoY.
Revenue $831M, down 5% reported (down 4% constant currency); Global Ecommerce down 11%.
Free cash flow net use of $16M versus source of $30M in Q3 2021.
SendTech revenue up 1% constant currency; Presort revenue up 4% with 14% EBIT margin.
Full-year 2022 guidance reaffirmed: revenue low-single-digit % change, positive free cash flow.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PITNEY BOWES INC /DE/ updated its Full Year 2022 guidance (reaffirmed).

Period: Full Year 2022
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The Company is reaffirming the previously communicated revenue and EBIT guidance. The Company expects full year revenue (constant currency) to range from a low-single digit percentage decline to a low single digit percentage increase. The Company also expects full year EBIT to range from a high-single digit percentage decline to a mid-single digit percentage increase. The Company also expects positive free cash flow for full year 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PITNEY BOWES INC /DE/ reported the third quarter 2022 results: revenue $831 million, EPS $0.03.

Period: the third quarter 2022
Revenue: $831 million
EPS: $0.03
Result: reported results

Exact text from the filing

Revenue in the quarter was $831 million, a decrease of 5 percent on a reported basis and 4 percent, constant currency, versus the comparable quarter in 2021 GAAP EPS was $0.03 and Adjusted EPS was $0.00 in the quarter versus $0.05 and $0.08, respectively

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Source: SEC EDGAR

accession 0001157523-22-001450

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