NYSE$PBI

Pitney Bowes Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Pitney Bowes' Q4 2021 financial performance was announced, revealing a revenue decline of 4 percent and adjusted EPS of $0.06.

Pitney Bowes reported a Q4 2021 revenue of $984 million, a 4% decrease year-over-year. GAAP EPS was $0.01, and adjusted EPS was $0.06. Presort Services saw a revenue increase of 16% and an EBIT increase of 80%. However, SendTech revenue decreased by 6%, and Global Ecommerce revenue decreased by 9%. The company delivered its fifth consecutive year of consolidated revenue growth.

  • Q4 2021 revenue was $984 million, a 4% decrease year-over-year.
  • GAAP EPS was $0.01, and adjusted EPS was $0.06.
  • Presort Services revenue grew by 16% with EBIT growth of 80%.
  • Global Ecommerce revenue declined by 9% due to lower domestic parcel volumes.

Headline financials

Total Revenue

$984M

Previous: $1.03B-4.3%
EPS (adj)

$0.06

Previous: $0.13-53.8%
Capital Expenditures

$43.1M

Previous: $24.2M+78.2%
Free Cash Flow

$38.7M

Previous: $96.8M-60.0%
Net Income

$1.27M

Previous: $18.9M-93.3%
Operating Income

$1.47M

Previous: $15.6M-90.6%
Gross Profit

$272M

Previous: $299M-9.0%
Cash & Equivalents

$732M

Previous: $921M-20.5%
Total Assets

$4.96B

Previous: $5.22B-5.0%
Stock-Based Comp

$5.41M

Previous: $2.24M+141.7%

Revenue & EPS history

Pitney Bowes · Revenue · Quarterly

$984M

Q4 2021-4.3%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Pitney Bowes · $511M total across 2 segments · Q4 2021

  • SendTech Solutions
    $354M-5.7%
  • Presort Services
    $156M+16.2%

Forward guidance

The Company expects annual revenue and EBIT to grow over prior year in the low-to-mid single digit range. The Company expects to refine expectations throughout the year, especially as Covid and supply chain issues dissipate.

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 Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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