NYSE$PBI
Pitney Bowes Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Pitney Bowes reported mixed results for Q1 2024. Revenue remained relatively flat, but adjusted EBIT increased significantly. Net loss improved compared to the previous year, and the company is maintaining its full-year guidance.
Pitney Bowes announced its Q1 2024 financial results, reporting flat revenue of $831 million compared to the prior year. The company experienced a net loss of $3 million, an improvement of $5 million year-over-year. Adjusted EBIT increased by $23 million to $56 million. The company is maintaining its full-year 2024 guidance, expecting revenue growth to range from flat to a low-single digit decline and EBIT margins to remain relatively flat year-over-year.
- Revenue was $831 million, flat compared to the prior year.
- Net loss improved by $5 million year-over-year, despite higher interest and tax expense.
- Adjusted EBIT increased by $23 million, up 71 percent over the prior year.
- Free cash flow was a use of $17 million, an improvement of $43 million year-over-year.
Headline financials
Revenue & EPS history
Pitney Bowes · Revenue · Quarterly
$831M
Revenue by segment
Pitney Bowes · $471M total across 2 segments · Q3 2023
- SendTech Solutions$318M-4.1%67.6%
- Presort Services$152M+5.3%32.4%
Forward guidance
The company is maintaining its guidance and expects revenue growth to range from flat to a low-single digit decline and EBIT margins to remain relatively flat on a year-over-year basis. They anticipate similar levels of capital expenditures in 2024 as in 2023 and expect interest expense and taxes to increase over prior year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-1.1%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-0.4%
Avg return
30 days after
53%
38 / 72 earnings
Positive
+29.7%
Q3 2023
Best reaction
-30.8%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.6% | +1.8% | +12.1% | |
| Q4 2025 | +8.5% | +1.4% | -0.5% | |
| Q3 2025 | -10.6% | -14.5% | -12.0% | |
| Q1 2025 | +5.1% | +6.8% | +17.7% | |
| Q4 2024 | +11.7% | +21.2% | +7.8% | |
| Q3 2024 | -3.7% | -2.7% | -0.6% | |
| Q2 2024 | +11.3% | +28.0% | +14.0% | |
| Q1 2024 | +25.2% | +24.2% | +28.7% | |
| Q4 2023 | -1.2% | -4.4% | +1.5% | |
| Q3 2023 | +29.7% | +23.0% | +35.6% | |
| Q2 2023 | -9.2% | -8.9% | -13.4% | |
| Q1 2023 | -8.5% | -3.4% | +6.1% | |
| Q4 2022 | +2.8% | +7.2% | +5.3% | |
| Q3 2022 | -1.6% | +0.0% | +23.2% | |
| Q2 2022 | -21.0% | -20.5% | -26.3% | |
| Q1 2022 | +22.3% | +17.4% | +8.1% | |
| Q4 2021 | -20.0% | -22.4% | -19.0% | |
| Q3 2021 | +2.2% | +7.3% | -7.7% | |
| Q2 2021 | -5.7% | +0.5% | -6.5% | |
| Q1 2021 | -15.2% | -15.7% | -4.1% | |
| Q4 2020 | -19.2% | -13.6% | -22.2% | |
| Q3 2020 | -30.8% | -28.1% | -19.2% | |
| Q2 2020 | +13.2% | +63.4% | +98.0% | |
| Q1 2020 | -27.9% | -26.2% | -24.1% | |
| Q4 2019 | +5.7% | +2.8% | -18.1% | |
| Q3 2019 | +3.4% | +3.2% | -1.6% | |
| Q2 2019 | +12.4% | +7.9% | +11.8% | |
| Q1 2019 | -25.6% | -18.7% | -48.7% | |
| Q4 2018 | +1.2% | +2.1% | -2.4% | |
| Q3 2018 | +22.2% | +22.1% | +27.5% | |
| Q2 2018 | -5.8% | -7.2% | -16.8% | |
| Q1 2018 | -14.8% | -12.2% | -10.1% | |
| Q4 2017 | +8.4% | +0.2% | +1.6% | |
| Q3 2017 | -18.6% | -20.1% | -25.2% | |
| Q2 2017 | -15.8% | -18.4% | -18.4% | |
| Q1 2017 | +15.4% | +15.4% | +14.5% | |
| Q4 2016 | -18.7% | -17.3% | -14.8% | |
| Q3 2016 | -18.3% | -20.2% | -18.6% | |
| Q2 2016 | -5.6% | -2.3% | -0.7% | |
| Q1 2016 | -10.7% | — | — | |
| Q4 2015 | -11.9% | — | — | |
| Q3 2015 | -2.1% | — | — | |
| Q2 2015 | +0.7% | — | — | |
| Q1 2015 | +1.2% | — | — | |
| Q4 2014 | -4.0% | — | — | |
| Q3 2014 | -1.5% | — | — | |
| Q2 2014 | +2.7% | — | — | |
| Q1 2014 | +5.9% | — | — | |
| Q4 2013 | +15.9% | — | — | |
| Q3 2013 | +8.3% | — | — | |
| Q2 2013 | +12.2% | — | — | |
| Q1 2013 | -11.9% | — | — | |
| Q4 2012 | +15.4% | — | — | |
| Q3 2012 | -11.4% | — | — | |
| Q2 2012 | +4.6% | — | — | |
| Q1 2012 | -6.3% | — | — | |
| Q4 2011 | +1.2% | — | — | |
| Q3 2011 | +2.5% | — | — | |
| Q2 2011 | -6.1% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | -0.6% | — | — | |
| Q3 2010 | +2.2% | — | — | |
| Q2 2010 | -1.4% | — | — | |
| Q1 2009 | -4.1% | — | — | |
| Q1 2010 | -4.1% | — | — | |
| Q4 2009 | +1.1% | — | — | |
| Q3 2009 | +0.4% | — | — | |
| Q3 2008 | +0.4% | — | — | |
| Q2 2008 | +3.8% | — | — | |
| Q4 2007 | +3.8% | — | — | |
| Q4 2008 | +3.8% | — | — | |
| Q2 2009 | +3.8% | — | — |
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