PBI Pitney Bowes, Inc.
Pitney Bowes, Inc. is a technology company, which engages in the provision of products and solutions in the commerce industry. It operates through the following segments: Global Ecommerce, Presort Services, and SendTech Solutions. The Global Ecommerce segment includes products and services that facilitate domestic retail and ecommerce shipping solutions, including fulfillment and returns, and global cross-border ecommerce transactions. The Presort Services segment includes sortation services to qualify large volumes of first class mail, marketing mail and bound and packet mail for postal worksharing discounts. The SendTech Solutions segment includes physical and digital mailing and shipping solutions, financing, services, supplies and other applications to help simplify and save on the sending, tracking and receiving of letters and packages. The company was founded by Arthur H. Pitney and Walter Bowes on April 23, 1920 and is headquartered in Stamford, CT.
Company profile
Ticker
PBI
Exchange
Website
CEO
Marc Bradley Lautenbach
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
Corporate docs
IRS number
60495050
PBI stock data
()
Calendar
4 May 20
11 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 796.27M | 831.34M | 790.13M | 788.57M | |
| Net income | -208.48M | 176.7M | -3.13M | 23.7M | |
| Net profit margin | -26.18% | 21.25% | -0.40% | 3.01% | |
| Operating income* | -202.69M | 34.97M | 9.15M | 62.02M | |
| Net change in cash | -261.37M | 409.59M | -256.19M | -67.86M | |
| Cash on hand | 663.07M | 924.44M | 514.85M | 771.04M | |
| Cost of revenue | 518.92M | 467.81M | 468.23M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 3.21B | 3.21B | 2.78B | 2.98B | |
| Net income | 194.61M | 241.81M | 243.53M | 111.85M | |
| Diluted EPS | |||||
| Net profit margin | 6.07% | 7.53% | 8.75% | 3.75% | |
| Operating income* | 138.05M | 303.5M | 311.68M | 271.71M | |
| Net change in cash | 57.18M | -141.76M | 244.5M | 124.33M | |
| Cash on hand | 924.44M | 867.26M | 1.01B | 764.52M | |
| Cost of revenue | 1.92B | 1.79B | 1.43B | 1.51B |
Financial data from company earnings reports. *Asterisk values are approximate.
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 4 May 20 | Stewart D Hutcheson | RSU Common Stock | Grant | Aquire A | No | 0 | 33,784 | 0 | 82,449 |
| 4 May 20 | Michael Isor Roth | RSU Common Stock | Grant | Aquire A | No | 0 | 33,784 | 0 | 33,784 |
| 4 May 20 | Dutkowsky Robert M | RSU Common Stock | Grant | Aquire A | No | 0 | 33,784 | 0 | 33,784 |
| 4 May 20 | Busquet Anne | RSU Common Stock | Grant | Aquire A | No | 0 | 33,784 | 0 | 43,672 |
| 4 May 20 | Fuchs Anne Sutherland | RSU Common Stock | Grant | Aquire A | No | 0 | 33,784 | 0 | 33,784 |
| 1 May 20 | Fuchs Anne Sutherland | RSU Common Stock | Option exercise | Dispose M | No | 0 | 17,301 | 0 | 0 |
| 1 May 20 | Michael Isor Roth | Common Stock | Grant | Aquire A | No | 0 | 17,301 | 0 | 53,406 |
| 1 May 20 | Busquet Anne | Common Stock | Grant | Aquire A | No | 0 | 17,301 | 0 | 41,233.602 |
| 1 May 20 | Michael Isor Roth | RSU Common Stock | Option exercise | Dispose M | No | 0 | 17,301 | 0 | 0 |
| 1 May 20 | Busquet Anne | RSU Common Stock | Option exercise | Dispose M | No | 0 | 17,301 | 0 | 9,888 |
Institutional ownership Q1 2020
77.2% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 239 |
| Opened positions | 29 |
| Closed positions | 58 |
| Increased positions | 68 |
| Reduced positions | 76 |
13F shares |
Current |
|---|---|
| Total value | 2.63B |
| Total shares | 133.27M |
| Total puts | 3M |
| Total calls | 624.1K |
| Total put/call ratio | 4.8 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 25.32M | $51.65M |
| Vanguard | 19.07M | $38.91M |
| STT State Street | 6.53M | $13.32M |
| LSV Asset Management | 5.66M | $11.55M |
| Miller Value Partners | 5.09M | $10.38M |
| Dimensional Fund Advisors | 3.78M | $7.71M |
| Jacobs Levy Equity Management | 3.69M | $7.53M |
| BK Bank Of New York Mellon | 3.2M | $6.54M |
| JPM JPMorgan Chase & Co. | 2.8M | $5.72M |
| Arrowstreet Capital, Limited Partnership | 2.77M | $5.65M |
Financial report summary
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Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
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Removed:
acquire, acquired, adequacy, administrative, advanced, affecting, agent, aggregate, alleging, amended, applicable, applying, arrangement, ASC, battery, behavior, border, Brexit, build, call, callable, capitalized, capitalizing, care, charged, Codification, collateral, commenced, comparative, competition, complaint, complex, consulting, contingent, contributor, Convertible, correct, criteria, deal, defend, defer, develop, development, directly, discretionary, distinct, Document, earliest, enterprise, ERP, estate, exemption, expanded, expedient, extend, failed, faster, footprint, funding, globe, growing, holding, hosting, implement, implementation, inability, inception, increasing, initial, innovative, integrating, intelligence, invoice, IRS, June, launch, lawsuit, lessee, lessor, life, location, longevity, make, matured, medical, meet, merit, Messaging, mitigated, navigate, newly, Nonrefundable, obligor, offering, operational, option, original, outsourcing, parcel, pattern, percent, performed, planning, post, posted, practical, premium, prevailing, previously, putative, real, redeemed, regional, remanufacturing, remarketed, renewed, rental, represent, repurchased, requiring, research, residual, resource, retirement, revised, selling, September, served, settlement, shipment, short, sooner, standalone, strategic, subsequent, subsidiary, Subtopic, supporting, test, transform, unfavorable, vary, vigorously, wrote
Financial reports
10-Q
2020 Q1
Quarterly report
4 May 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
5 Nov 19
10-Q
2019 Q2
Quarterly report
6 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
20 Feb 19
10-Q
2018 Q3
Quarterly report
5 Nov 18
10-Q
2018 Q2
Quarterly report
2 Aug 18
10-Q
2018 Q1
Quarterly report
4 May 18
10-K
2017 FY
Annual report
22 Feb 18
Current reports
8-K
Departure of Directors or Certain Officers
7 Jul 20
8-K/A
Submission of Matters to a Vote of Security Holders
8 May 20
8-K
Submission of Matters to a Vote of Security Holders
7 May 20
8-K
Results of Operations and Financial Condition
4 May 20
8-K
Pitney Bowes Announces Early Tender Results of its Cash Tender Offers and Consent Solicitation
26 Feb 20
8-K
Entry into a Material Definitive Agreement
20 Feb 20
8-K
Pitney Bowes Announces Cash Tender Offers and Consent Solicitation
10 Feb 20
8-K
Results of Operations and Financial Condition
4 Feb 20
8-K
Regulation FD Disclosure
20 Dec 19
8-K
Departure of Directors or Certain Officers
6 Dec 19
Registration and prospectus
S-3ASR
Automatic shelf registration
20 Feb 20
S-8
Registration of securities for employees
9 May 19
S-8
Registration of securities for employees
10 May 18
424B5
Prospectus supplement for primary offering
13 Sep 17
FWP
Free writing prospectus
12 Sep 17
424B5
Prospectus supplement for primary offering
7 Sep 17
424B5
Prospectus supplement for primary offering
4 May 17
424B5
Prospectus supplement for primary offering
3 May 17
FWP
Free writing prospectus
3 May 17
S-3ASR
Automatic shelf registration
16 Mar 17
Proxies
DEFA14A
Additional proxy soliciting materials
20 Apr 20
DEFA14A
Additional proxy soliciting materials
18 Mar 20
DEF 14A
Definitive proxy
18 Mar 20
DEFA14A
Additional proxy soliciting materials
15 Mar 19
DEF 14A
Definitive proxy
15 Mar 19
DEF 14A
Definitive proxy
23 Mar 18
DEFA14A
Additional proxy soliciting materials
23 Mar 18
DEF 14A
Definitive proxy
24 Mar 17
DEFA14A
Additional proxy soliciting materials
24 Mar 17
DEF 14A
Definitive proxy
24 Mar 16
Other
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
24 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
31 May 17
SD
Conflict minerals disclosure
26 May 16
UPLOAD
Letter from SEC
29 Jun 15
CORRESP
Correspondence with SEC
17 Jun 15
UPLOAD
Letter from SEC
4 Jun 15
SD
Conflict minerals disclosure
1 Jun 15
CORRESP
Correspondence with SEC
22 May 15
Ownership
4
PITNEY BOWES / STEWART D HUTCHESON ownership change
5 May 20
4
PITNEY BOWES / ANNE SUTHERLAND FUCHS ownership change
5 May 20
4
PITNEY BOWES / LINDA S SANFORD ownership change
5 May 20
4
PITNEY BOWES / DAVID L SHEDLARZ ownership change
5 May 20
4
PITNEY BOWES / MICHAEL ISOR ROTH ownership change
5 May 20
4
PITNEY BOWES / ROBERT M DUTKOWSKY ownership change
5 May 20
4
PITNEY BOWES / ANNE BUSQUET ownership change
5 May 20
4
PITNEY BOWES / MARY GUILFOILE ownership change
5 May 20
4
PITNEY BOWES / STANLEY J SUTULA III ownership change
11 Mar 20
4
PITNEY BOWES / STANLEY J SUTULA III ownership change
28 Feb 20
Patents
GRANT
Utility
Systems and methods for providing secure document delivery and management including scheduling
24 Mar 20
Systems and methods for integrated management and scheduling of events associated with both physical and digital mail are provided.
GRANT
Utility
Remote postage printing using efficient load balancing of postage requests
28 Jan 20
Systems and methods that allow only a single PSD to be used for a customer regardless of the number of servers in the system are provided.