Pitney Bowes looks like it’s getting its operations back on track, but its biggest business still faces shrinking mail volumes and tougher price competition. If cost cuts, better planning, and smart deal-making don’t land as hoped, the company’s profits and cash generation may end up less reliable than the market expects.Read more
Pitney Bowes is trying to squeeze more profit out of a shrinking mail business by buying up smaller rivals, filling unused capacity, and rolling out a companywide cost-cutting program. The upside hinges on management executing these changes without hurting service or losing volume to competitors as mail keeps fading.Read more
Pitney Bowes is leaning into its newer shipping software and logistics services, using efficiency efforts and targeted deals to shift away from shrinking traditional mail. A big share buyback program could lift investor returns, but heavy debt and tough competition could still derail the turnaround.Read more
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Pitney Bowes Inc. provides digital shipping solutions, mailing innovation, and financial services worldwide. It operates through SendTech Solutions and Presort Services segments. The SendTech Solutions segment offers physical and digital shipping and mailing technology solutions and other applications for sending, tracking, and receiving of letters, parcels and flats, as well as supplies and maintenance services. This segment also provides financing alternatives to finance other manufacturers' equipment and product purchases. The Presort Services segment operates as a workshare partner of the United States Postal Service; and offers mail sortation services. It markets its products, solutions, and services through direct and inside sales force, partner channels, direct mailings, and digital channels. The company was formerly known as Pitney Bowes Postage Meter Company. Pitney Bowes Inc. was incorporated in 1920 and is headquartered in Shelton, Connecticut.
