secwatch.observer — SEC 8-K summary
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Issuer:     PITNEY BOWES INC /DE/ (PBI)
CIK:        0000078814
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001157523-23-000721
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78814/000115752323000721/0001157523-23-000721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78814/000115752323000721/a53393339.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000721

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