secwatch.observer — SEC 8-K summary
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Issuer:     PITNEY BOWES INC /DE/ (PBI)
CIK:        0000078814
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001157523-24-000148
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pitney Bowes Q4 GAAP EPS loss $1.27, revenue down 4% YoY; goodwill impairment of $1.24
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- Q4 revenue $872M (-4% reported and comparable YoY); full-year revenue $3.3B (-8% reported).
- Q4 GAAP EPS loss $1.27 vs. $0.04 prior year; includes $1.24 non-cash goodwill impairment in Global Ecommerce.
- Adjusted EPS $0.07 vs. $0.06 prior year; adjusted figures exclude restructuring and impairment charges.
- Q4 free cash flow $78M; full-year free cash flow $22M; total debt reduced by $59M in 2023.
- Global Ecommerce segment profitability improved YoY and sequentially; SendTech and Presort delivered profit increases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78814/000115752324000148/0001157523-24-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78814/000115752324000148/a53890618.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000148

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