Pitney Bowes raises 2026 full-year adj EBIT guidance to $445-$475 mln
Company lifts 2026 adj EPS outlook to $1.55-$1.70
Pitney Bowes boosts 2026 adj free cash flow forecast to $360-$410 mln
Overview
US shipping solutions firm's Q2 revenue fell 2% yr/yr but beat analyst expectations
Adjusted EPS for Q2 rose 59%, beating analyst expectations
Company reduced debt by over $200 mln since Q1 and repurchased 4.5 mln shares
Result Drivers
SendTech cost reductions - Co said improved adjusted EBIT in SendTech was driven by cost reductions and a $5 mln tariff refund
Presort volume decline - Co said Presort revenue and profit fell due to lower mail volumes and previously communicated client losses
Higher transportation costs - Co said Presort margins contracted due to reduced operating leverage from lower volumes and higher fuel and transportation costs
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
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