---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001616"
form_type: "8-K"
ticker: "PBI"
cik: "0000078814"
company_name: "PITNEY BOWES INC /DE/"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:21:19.474061+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pitney Bowes Q3 GAAP EPS loss $0.07, revenue down 6%; restructuring savings target raised to $115M

## Summary
- Q3 revenue $784M, down 6% reported and 1% comparable vs prior year.
- GAAP EPS loss $0.07 vs $0.03 in Q3 2022; adjusted EPS $0.00 flat.
- Cash from operations $25M, free cash flow $15M; cash & short-term investments $579M.
- Restructuring plan expanded: additional $40M savings, total annual savings target now ~$115M by end of 2024.
- SendTech and Presort segments grew profit; Global Ecommerce underperformed.

## SEC filing metadata
- accession: 0001157523-23-001616
- form_type: 8-K
- ticker: PBI
- cik: 0000078814
- company_name: PITNEY BOWES INC /DE/
- filed_at: 2023-11-02T23:59:59+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/78814/000115752323001616/0001157523-23-001616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78814/000115752323001616/a53738241.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001616
- JSON: https://secwatch.observer/filing/0001157523-23-001616.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001616.txt

## Key facts
- Earnings Releases
  PITNEY BOWES INC /DE/ reported the third quarter of fiscal year 2023 results: revenue $784 million, EPS GAAP EPS was a loss of $0.07.
  - Period: the third quarter of fiscal year 2023
  - Revenue: $784 million
  - EPS: GAAP EPS was a loss of $0.07
  - Result: reported results
  source text: initiatives and long-term steps that can drive enhanced value for our stockholders and other stakeholders.” Third Quarter Financial Highlights Revenue in the quarter was $784 million, a decrease of 6 percent on a reported basis and 1 percent on a comparable basis versus prior year (1) GAAP EPS was a loss of $0.07 in the quarter versus GAAP EPS of $0.03 in
  evidence_url: https://www.sec.gov/Archives/edgar/data/78814/000115752323001616/0001157523-23-001616-index.htm

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