NYSE$PBI
Pitney Bowes Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Pitney Bowes' third quarter earnings decreased due to a decline in revenue, but Presort services saw growth
Pitney Bowes reported revenues of $875 million, a 2% decrease compared to the prior year, but an 11% increase over Q3 2019. GAAP EPS was $0.05, and adjusted EPS was $0.08. The company highlighted Presort revenue growth of 9% and an EBIT margin of 15%, as well as an improvement in Global Ecommerce gross margin.
- Revenues of $875 million, down 2 percent from prior year; growth of 11 percent over third quarter 2019
- GAAP EPS of $0.05; Adjusted EPS $0.08
- Presort revenue growth of 9 percent over prior year and EBIT margin of 15 percent
- Global Ecommerce gross margin improved by 100 basis points over prior year
Headline financials
Revenue & EPS history
Pitney Bowes · Revenue · Quarterly
$875M
Revenue by segment
Pitney Bowes · $477M total across 2 segments · Q3 2021
- SendTech Solutions$338M-4.5%70.8%
- Presort Services$139M+9.1%29.2%
Forward guidance
The Company’s full year 2021 expectations remain in-line with its previous communications.
Tailwinds
- Revenue still expected to grow over prior year in the low-to-mid single digit range
- Adjusted EPS still expected to grow over prior year and be in the range of $0.35 to $0.42
- Management continues to expect Global Ecommerce EBITDA to be positive for full year 2021
Headwinds
- Free cash flow is still expected to be lower as compared to prior year, primarily due to increased capital investments.
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 Q3 2021
-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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