NYSE$PBI
Pitney Bowes Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Pitney Bowes' financial results were below expectations due to macroeconomic headwinds in Global Ecommerce, but were enhanced by domestic parcel network service improvements and Presort and SendTech revenue growth.
Pitney Bowes reported a 3% decrease in revenue to $871 million, with GAAP EPS and Adjusted EPS at $0.02. The company faced macroeconomic headwinds in Global Ecommerce, but saw domestic parcel revenue growth and Presort revenue increase by 3%. Proceeds from the sale of Borderfree enhanced financial flexibility.
- Revenue decreased by 3% to $871 million, or 2% on a constant currency basis.
- GAAP EPS and Adjusted EPS were $0.02, down from $0.11 in the second quarter of 2021.
- Global Ecommerce experienced domestic parcel revenue growth of 6%.
- Presort revenue grew 3% year-over-year.
Headline financials
Revenue & EPS history
Pitney Bowes · Revenue · Quarterly
$871M
Revenue by segment
Pitney Bowes · $478M total across 2 segments · Q2 2022
- SendTech Solutions$339M-2.1%70.9%
- Presort Services$139M+3.2%29.1%
Forward guidance
Based on uncertain macroeconomic conditions, first half results, and the sale of Borderfree, the Company expects full year revenue (constant currency) to range from a low-single digit percentage decline to a low single digit percentage increase. The Company also expects full year EBIT to range from a high-single digit percentage decline to a mid-single digit percentage increase. In addition, the Company expects to generate solid free cash flow for full year 2022 though at a lower level than 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 Q2 2022
-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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