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
Website
CEO
Marc Lautenbach
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
The Registrant, Pitney Bowes Inc. • B. Williams Funding Corp. • Borderfree Trading (Shanghai) Co., Ltd. • Cresco Data Australia Pty Ltd • Cresco Data Pte. Ltd • Harvey Company • MCGW Technology • Mount Verde Insurance Company, Inc. • OldEurope Limited • OldMS Limited ...
IRS number
60495050
PBI stock data
Latest filings (excl ownership)
SD
Conflict minerals disclosure
23 May 23
8-K
Submission of Matters to a Vote of Security Holders
12 May 23
8-K
Pitney Bowes Announces Preliminary Results from its 2023 Annual Meeting of Shareholders
9 May 23
DFAN14A
Additional proxy materials by non-management
5 May 23
DEFA14A
Additional proxy soliciting materials
5 May 23
10-Q
2023 Q1
Quarterly report
5 May 23
8-K
Pitney Bowes Board Commits to Key Governance Enhancements
4 May 23
DEFA14A
Additional proxy soliciting materials
4 May 23
8-K
Results of Operations and Financial Condition
4 May 23
DFAN14A
Additional proxy materials by non-management
3 May 23
Transcripts
PBI
Earnings call transcript
2023 Q1
4 May 23
PBI
Earnings call transcript
2022 Q4
31 Jan 23
PBI
Earnings call transcript
2022 Q3
1 Nov 22
PBI
Earnings call transcript
2022 Q2
28 Jul 22
PBI
Earnings call transcript
2022 Q1
28 Apr 22
PBI
Earnings call transcript
2021 Q4
1 Feb 22
PBI
Earnings call transcript
2021 Q3
3 Nov 21
PBI
Earnings call transcript
2021 Q2
3 Aug 21
PBI
Earnings call transcript
2021 Q1
30 Apr 21
PBI
Earnings call transcript
2020 Q4
2 Feb 21
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
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| 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) | 511.76 mm | 511.76 mm | 511.76 mm | 511.76 mm | 511.76 mm | 511.76 mm |
| Cash burn (monthly) | 52.74 mm | 9.23 mm | 3.66 mm | (no burn) | 13.24 mm | (no burn) |
| Cash used (since last report) | 112.35 mm | 19.67 mm | 7.80 mm | n/a | 28.20 mm | n/a |
| Cash remaining | 399.41 mm | 492.09 mm | 503.96 mm | n/a | 483.56 mm | n/a |
| Runway (months of cash) | 7.6 | 53.3 | 137.6 | n/a | 36.5 | n/a |
Institutional ownership, Q1 2023
72.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 258 |
| Opened positions | 30 |
| Closed positions | 39 |
| Increased positions | 77 |
| Reduced positions | 87 |
| 13F shares | Current |
|---|---|
| Total value | 411.24 bn |
| Total shares | 126.82 mm |
| Total puts | 929.20 k |
| Total calls | 1.23 mm |
| Total put/call ratio | 0.8 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 18.28 mm | $71.12 bn |
| BLK Blackrock | 17.10 mm | $66.52 bn |
| Hestia Capital Partners | 14.63 mm | $60.29 mm |
| STT State Street | 6.42 mm | $24.99 bn |
| Charles Schwab Investment Management | 4.43 mm | $17.23 bn |
| Miller William H III | 4.37 mm | $0.00 |
| NTRS Northern Trust | 3.88 mm | $15.11 bn |
| GS Goldman Sachs | 3.87 mm | $15.05 bn |
| Capital Management | 3.48 mm | $13.54 bn |
| Permit Capital | 3.25 mm | $12.66 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 19 May 23 | James Darrell Thomas | RSU Common Stock | Grant | Acquire A | No | No | 0 | 30,769 | 0.00 | 34,494 |
| 19 May 23 | Todd A. Everett | RSU Common Stock | Grant | Acquire A | No | No | 0 | 30,769 | 0.00 | 30,769 |
| 19 May 23 | Steven Brill | RSU Common Stock | Grant | Acquire A | No | No | 0 | 30,769 | 0.00 | 34,494 |
| 19 May 23 | Guilfoile Mary | RSU Common Stock | Grant | Acquire A | No | No | 0 | 30,769 | 0.00 | 30,769 |
| 19 May 23 | Milena Alberti-Perez | RSU Common Stock | Grant | Acquire A | No | No | 0 | 30,769 | 0.00 | 30,769 |
News
Why Pitney Bowes Shares Are Falling Today
4 May 23
Pitney Bowes Q1 EPS $(0.01) Down From $0.08 YoY, Sales $834.54M Miss $864.65M Estimate
4 May 23
Earnings Scheduled For May 4, 2023
4 May 23
Pitney Bowes PitneyShip Cube Now Available For Purchase On Amazon
20 Apr 23
Hestia Capital Releases Presentation Detailing The Urgent Need For Changes In Leadership And Strategy At Pitney Bowes
12 Apr 23
Press releases
Pitney Bowes Board of Directors Elects Mary J. Guilfoile as Non-Executive Chair of the Board
1 Jun 23
Hestia Capital Thanks Fellow Stockholders for Their Support at Pitney Bowes' 2023 Annual Meeting
9 May 23
Pitney Bowes Announces Preliminary Results from its 2023 Annual Meeting of Shareholders
9 May 23
Pitney Bowes Board of Directors Issues Statement to Shareholders
5 May 23
Pitney Bowes Board Commits to Key Governance Enhancements
4 May 23