secwatch.observer — SEC 8-K summary
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Issuer:     PITNEY BOWES INC /DE/ (PBI)
CIK:        0000078814
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001157523-23-001616
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78814/000115752323001616/0001157523-23-001616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78814/000115752323001616/a53738241.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001616

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