---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000721"
form_type: "8-K"
ticker: "PBI"
cik: "0000078814"
company_name: "PITNEY BOWES INC /DE/"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:41:05.168005+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pitney Bowes Q1 revenue $835M (-10% YoY), GAAP EPS loss $0.04, net loss $8M

## Summary
- GAAP EPS loss $0.04 vs EPS $0.12 in Q1 2022; Adjusted EPS loss $0.01 vs $0.08.
- Revenue $835M, down 10% reported and 4% comparable basis; net loss $8M.
- Cash from ops used $40M; Free Cash Flow used $61M; cash & investments $527M.
- Restructuring plan targeting $75M annual expense savings by year-end 2024.
- Global Ecommerce domestic parcels up 22% to 50M; Presort margins up ~500 bps.

## SEC filing metadata
- accession: 0001157523-23-000721
- form_type: 8-K
- ticker: PBI
- cik: 0000078814
- company_name: PITNEY BOWES INC /DE/
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78814/000115752323000721/0001157523-23-000721-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78814/000115752323000721/a53393339.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000721
- JSON: https://secwatch.observer/filing/0001157523-23-000721.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000721.txt

## Key facts
- Earnings Releases
  PITNEY BOWES INC /DE/ reported first quarter 2023 results: revenue $835 million, net income Net loss of $8 million, EPS GAAP EPS was a loss of $0.04.
  - Period: first quarter 2023
  - Revenue: $835 million
  - Net income: Net loss of $8 million
  - EPS: GAAP EPS was a loss of $0.04
  - Result: reported results
  source text: Revenue in the quarter was $835 million, a decrease of 10 percent on a reported basis and 4 percent on a comparable basis versus prior year (1) GAAP EPS was a loss of $0.04 and Adjusted EPS was a loss of $0.01 in the quarter versus GAAP EPS of $0.12 and Adjusted EPS of $0.08 in first quarter of 2022 Net loss of $8 million in the quarter compares to net income of $21 million in first quarter 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/78814/000115752323000721/0001157523-23-000721-index.htm

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