---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001240"
form_type: "8-K"
ticker: "PBI"
cik: "0000078814"
company_name: "PITNEY BOWES INC /DE/"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:15:50.130645+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pitney Bowes Q2 GAAP EPS loss $0.81 vs $0.02 profit; revenue down 11%

## Summary
- Revenue $776M, down 11% reported (5% comparable); GAAP EPS loss $0.81 includes $0.67 goodwill impairment charge.
- Adjusted EPS loss $0.02 vs profit $0.02 in prior year; Presort EBIT +59%, SendTech EBIT +2%.
- Global Ecommerce domestic parcels +29% to 50M, but segment weakness drove impairment.
- Signed $275M private placement in July to refinance 2024 notes and Term Loan A.
- On track for $75M annual expense savings by end of 2024 from restructuring.

## SEC filing metadata
- accession: 0001157523-23-001240
- form_type: 8-K
- ticker: PBI
- cik: 0000078814
- company_name: PITNEY BOWES INC /DE/
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/78814/000115752323001240/0001157523-23-001240-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78814/000115752323001240/a53504349.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001240
- JSON: https://secwatch.observer/filing/0001157523-23-001240.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001240.txt

## Key facts
- Earnings Releases
  PITNEY BOWES INC /DE/ reported second quarter 2023 results: revenue $776 million, EPS GAAP EPS was a loss of $0.81 and Adjusted EPS was a loss of $0.02 in the quarter.
  - Period: second quarter 2023
  - Revenue: $776 million
  - EPS: GAAP EPS was a loss of $0.81 and Adjusted EPS was a loss of $0.02 in the quarter
  - Result: reported results
  source text: Revenue in the quarter was $776 million, a decrease of 11 percent on a reported basis and 5 percent on a comparable basis versus prior year (1) GAAP EPS was a loss of $0.81 and Adjusted EPS was a loss of $0.02 in the quarter versus GAAP EPS and Adjusted EPS of $0.02 in second quarter 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/78814/000115752323001240/0001157523-23-001240-index.htm

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