Pitney Bowes Q2 Adj. EPS Soars 59% to $0.43, Raises Full-Year Guidance
PBI has more than doubled off its 52-week low of $8.95.
Summary
Pitney Bowes delivered a strong Q2, with adjusted EPS jumping 59% to $0.43 on revenue of $451M. Cash from operations surged 37% to $153M, and adjusted free cash flow hit $148M. The company raised its full-year guidance for adjusted EBIT, adjusted EPS, and adjusted free cash flow, signaling confidence in sustained momentum. Debt reduction accelerated—$201M paid down since Q1, with no revolver balance and no maturity until 2029. The board also declared a $0.10 dividend and bought back 4.5M shares at an average of $11.75, well below the current $17.99 price. This follows a series of strong quarters and activist investor exits, reinforcing the turnaround narrative. The Presort segment saw margin pressure from lower volumes and higher costs, but overall results and guidance raise the bar for the year.
At the time of this announcement, PBI was trading at $17.99 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $8.95 to $18.77. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.