Pitney Bowes (PBI)

Pitney Bowes is a global technology company providing commerce solutions that power billions of transactions. Clients around the world, including 90 percent of the Fortune 500, rely on the accuracy and precision delivered by Pitney Bowes solutions, analytics, and APIs in the areas of ecommerce fulfillment, shipping and returns; cross-border ecommerce; office mailing and shipping; presort services; and financing. For 100 years Pitney Bowes has been innovating and delivering technologies that remove the complexity of getting commerce transactions precisely right.

Company profile

Ticker

PBI, PBI-PB

Exchange

NYSE

Website

www.pitneybowes.com

CEO

Marc Lautenbach

Incorporated

Delaware

Location

Connecticut

Fiscal year end

Dec 31

Sector

Professional, Scientific, and Technical Services > Commercial Photography

Industry (SIC)

Office Machines, NEC

SEC CIK

0000078814

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

The Registrant, Pitney Bowes Inc. • B. Williams Funding Corp. • Borderfree Limited • Borderfree Research and Development Ltd. • Borderfree Trading (Shanghai) Co., Ltd. • Borderfree UK Limited • Borderfree, Inc. • Cresco Data Australia • Cresco Data Pte. Ltd • Harvey Company ...

IRS number

60495050

PBI stock data

1M 1Y 5Y

News

From Benzinga Pro

Globl-E Online Bolsters Platform Offering For Enterprise Brands - Read How

21 Jun 22

Global-e To Acquire Borderfree From Pitney Bowes For ~$100M

21 Jun 22

The acquisition is expected to strengthen Global-e’s platform offering for enterprise brands. Global-e and Pitney Bowes will also form a cross-border partnership to offer additional services to ecommerce

Stocks That Hit 52-Week Lows On Tuesday

14 Jun 22

On Tuesday, 951 companies hit new 52-week lows.

Stocks That Hit 52-Week Lows On Monday

13 Jun 22

Pitney Bowes SendPro 360 Achieves FedRAMP Security Authorization

13 Jun 22

Press releases

From Benzinga Pro

Global-e to Acquire Borderfree Cross-Border ecommerce Service from Pitney Bowes

21 Jun 22

The acquisition is expected to strengthen Global-e's platform offering for enterprise brands. Global-e and Pitney Bowes will also form a cross-border partnership to offer additional services to ecommerce brands.

Pitney Bowes SendPro 360 Achieves FedRAMP Security Authorization to Begin Offering Secure Cloud Services to Federal Agencies

13 Jun 22

Pitney Bowes Inc. (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced it has achieved U.S. Federal Risk and Authorization Management Program

Quiet Platforms Partners With Pitney Bowes to Offer Brands Fast and Efficient Delivery

31 May 22

Quiet Platforms, a wholly owned subsidiary of American Eagle Outfitters Inc. (NYSE:AEO), announced a partnership with Pitney Bowes (NYSE:PBI), a global shipping and mailing company. This partnership builds on the

Pitney Bowes Parcel Shipping Index Finds US Parcel Volume Reached Record High of 21.5 Billion in 2021

23 May 22

Pitney Bowes Declares Common Stock Dividend

2 May 22

Calendar

4 May 22

26 Jun 22

31 Dec 22

Financial summary

Financial statements Chart PBI financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	622.58M	622.58M	622.58M	622.58M	622.58M	622.58M
Cash burn (monthly)	36.64M	4.85M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	105.32M	13.93M	n/a	n/a	n/a	n/a
Cash remaining	517.25M	608.64M	n/a	n/a	n/a	n/a
Runway (months of cash)	14.1	125.6	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

PBI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
2 May 22	Shedlarz David L	RSU Common Stock	Grant	Acquire A	No	No	19,802	37,700
2 May 22	Stewart D Hutcheson	RSU Common Stock	Grant	Acquire A	No	No	19,802	115,746
2 May 22	Stamps Sheila A	RSU Common Stock	Grant	Acquire A	No	No	19,802	19,802
2 May 22	Sanford Linda S	RSU Common Stock	Grant	Acquire A	No	No	19,802	19,802
29 Apr 22	Stamps Sheila A	Common Stock	Grant	Acquire A	No	No	13,495	25,562.948
29 Apr 22	Stamps Sheila A	RSU Common Stock	Option exercise	Dispose M	No	No	13,495	0
29 Apr 22	Fuchs Anne Sutherland	Common Stock	Grant	Acquire A	No	No	13,495	123,670.78
29 Apr 22	Fuchs Anne Sutherland	RSU Common Stock	Option exercise	Dispose M	No	No	13,495	0
29 Apr 22	Sanford Linda S	Common Stock	Grant	Acquire A	No	No	13,495	132,754.29
29 Apr 22	Sanford Linda S	RSU Common Stock	Option exercise	Dispose M	No	No	13,495	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

PBI institutional ownership history Ownership history

72.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	251	261	-3.8%
Opened positions	27	36	-25.0%
Closed positions	37	37	–
Increased positions	87	83	+4.8%
Reduced positions	72	83	-13.3%

13F shares	Current	Prev Q	Change
Total value	598.03M	767.8M	-22.1%
Total shares	125.79M	125.9M	-0.1%
Total puts	1.59M	1.58M	+0.4%
Total calls	627.92K	856.7K	-26.7%
Total put/call ratio	2.5	1.8	+36.9%

Largest owners	Shares	Value	Change
Vanguard	19.96M	$103.77M	+1.7%
BLK Blackrock	17.25M	$89.71M	+2.3%
Miller William H III	11.09M	$0	0.0%
STT State Street	6.28M	$32.66M	+2.8%
GS Goldman Sachs	4.28M	$22.23M	+0.6%
Charles Schwab Investment Management	3.36M	$17.48M	+9.1%
D. E. Shaw & Co.	3.08M	$16M	+5.4%
Dimensional Fund Advisors	2.9M	$15.07M	+4.1%
NTRS Northern Trust	2.9M	$15.06M	+5.9%
Geode Capital Management	2.7M	$14.04M	-3.9%

Largest transactions	Shares	Bought/sold	Change
Frontier Capital Management	0	-2.5M	EXIT
Millennium Management	1.6M	-1.99M	-55.5%
Permit Capital	1.6M	+1.6M	NEW
Victory Capital Management	1.47M	+1.2M	+449.3%
Paradigm Capital Management	812.3K	-1.16M	-58.8%
EMG	1.1M	+1.1M	NEW
Assenagon Asset Management	1.78M	+1.08M	+154.7%
Nierenberg Investment Management	0	-960.6K	EXIT
Renaissance Technologies	1.77M	+839.84K	+90.3%
Jupiter Asset Management	0	-825.66K	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Financial Institutions

Management Discussion

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
Throughout this discussion, we refer to revenue growth on a constant currency basis. Constant currency measures exclude the impact of changes in currency exchange rates from the prior period under comparison. We believe that excluding the impacts of currency exchange rates provides investors a better understanding of the underlying revenue performance. Constant currency change is calculated by converting the current period non-U.S. dollar denominated revenue using the prior year’s exchange rate. Where constant currency measures are not provided, the actual change and constant currency change are the same.
Management measures segment profitability and performance using segment earnings before interest and taxes (EBIT). Segment EBIT is calculated by deducting from segment revenue the related costs and expenses attributable to the segment. Segment EBIT excludes interest, taxes, general corporate expenses, restructuring charges, asset and goodwill impairment charges and other items not allocated to a business segment. Management believes that it provides investors a useful measure of operating performance and underlying trends of the business. Segment EBIT may not be indicative of our overall consolidated performance and therefore, should be read in conjunction with our consolidated results of operations.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: adequacy, ahead, American, basic, behavior, build, building, cease, consumer, efficiency, estate, geopolitical, inflation, initially, leaseback, methodology, opted, permitted, prepayment, pressure, real, realizable, realize, redemption, relevant, segregate, sized, smaller, strong, thousand, Troubled, unexpected, view, Vintage, warehouse

Removed: accelerated, accrued, acting, amended, approved, arise, Australia, authorization, competition, conservation, consideration, deemed, deferred, denied, discontinue, discontinued, establish, European, exist, exit, expiration, Finally, fourth, guaranteed, impacted, independent, individual, January, Kingdom, length, LIFO, light, maturing, monitoring, nondeductible, November, October, ongoing, perform, pertaining, policy, positioned, prepay, previously, Production, provision, record, refinancing, remaining, removing, repaid, resolution, restricted, resume, revised, revision, Simplifying, situation, software, tender, Union, unique, usage, vesting, volume

From filing 10-Q 2022 Q1

Financial reports

View all