pitney bowes is a global technology company crafting innovative products and solutions that help clients “get it right” in the complex world of commerce in the areas of customer information management, location intelligence, customer engagement, shipping and mailing, and global ecommerce. founded in 1920, pitney bowes operates around the world, delivering accuracy and precision to more than 1.5 million clients. helping clients achieve their greatest digital and physical commerce potential are pitney bowes' 15,000+ passionate employees around the world who craft commerce solutions with pride, maintain a relentless pursuit of innovation with over 2,300 active patents, and focus on clients, who are at the center of all that we do - from 90% of the fortune 500, more than 200 retailers and 1.5 million small businesses.
Company profile
Ticker
PBI
Exchange
Website
CEO
Marc Lautenbach
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
The Registrant, Pitney Bowes Inc. • B. Williams Funding Corp. • Cresco Data Australia Pty Ltd • Cresco Data Pte. Ltd • Harvey Company • MCGW Technology • Mount Verde Insurance Company, Inc. • OldEurope Limited • OldMS Limited • PB Equipment Management Inc. ...
IRS number
60495050
PBI stock data
Latest filings (excl ownership)
SD
Conflict minerals disclosure
24 May 24
8-K
Departure of Directors or Certain Officers
23 May 24
S-8
Registration of securities for employees
10 May 24
8-K
Amendments to Articles of Incorporation or Bylaws
8 May 24
10-Q
2024 Q1
Quarterly report
2 May 24
8-K
Results of Operations and Financial Condition
2 May 24
DEF 14A
Definitive proxy
18 Apr 24
8-K
Entry into a Material Definitive Agreement
9 Apr 24
8-K
Departure of Directors or Certain Officers
8 Apr 24
PRE 14A
Preliminary proxy
8 Apr 24
Transcripts
PBI
Earnings call transcript
2024 Q1
2 May 24
PBI
Earnings call transcript
2023 Q4
1 Feb 24
PBI
Earnings call transcript
2023 Q3
2 Nov 23
PBI
Earnings call transcript
2023 Q2
3 Aug 23
PBI
Earnings call transcript
2023 Q2
3 Aug 23
PBI
Earnings call transcript
2023 Q1
4 May 23
PBI
Earnings call transcript
2022 Q4
31 Jan 23
PBI
Earnings call transcript
2022 Q3
1 Nov 22
PBI
Earnings call transcript
2022 Q2
28 Jul 22
PBI
Earnings call transcript
2022 Q1
28 Apr 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 516.09 mm | 516.09 mm | 516.09 mm | 516.09 mm | 516.09 mm | 516.09 mm |
Cash burn (monthly) | 28.32 mm | (no burn) | (no burn) | 32.15 mm | 4.18 mm | 2.57 mm |
Cash used (since last report) | 58.46 mm | n/a | n/a | 66.38 mm | 8.62 mm | 5.31 mm |
Cash remaining | 457.63 mm | n/a | n/a | 449.72 mm | 507.47 mm | 510.78 mm |
Runway (months of cash) | 16.2 | n/a | n/a | 14.0 | 121.6 | 198.6 |
Institutional ownership, Q4 2023
13.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 37 |
Opened positions | 2 |
Closed positions | 188 |
Increased positions | 11 |
Reduced positions | 7 |
13F shares | Current |
---|---|
Total value | 13.42 bn |
Total shares | 23.61 mm |
Total puts | 0.00 |
Total calls | 7.10 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Hestia Capital Partners | 15.79 mm | $50.06 mm |
Miller William H III | 4.37 mm | $0.00 |
Assenagon Asset Management | 1.74 mm | $7.65 bn |
Westside Investment Management | 737.06 k | $3.24 bn |
New York State Teachers Retirement System | 245.55 k | $1.08 mm |
Patriot Financial Group Insurance Agency | 151.85 k | $668.14 mm |
Equitable Trust | 125.37 k | $551.61 mm |
State of Alaska, Department of Revenue | 94.38 k | $415.00 k |
TSP Capital Management | 69.20 k | $304.48 mm |
SG Americas Securities | 59.53 k | $262.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
24 May 24 | Sutton Jill | RSU Common Stock | Grant | Acquire A | No | No | 0 | 23,810 | 0.00 | 49,184 |
24 May 24 | Todd A. Everett | RSU Common Stock | Grant | Acquire A | No | No | 0 | 23,810 | 0.00 | 42,714 |
24 May 24 | Milena Alberti-Perez | RSU Common Stock | Grant | Acquire A | No | No | 0 | 23,810 | 0.00 | 42,714 |
24 May 24 | Wolf Kurt James | RSU Common Stock | Grant | Acquire A | No | No | 0 | 23,810 | 0.00 | 42,714 |
22 May 24 | Rosenzweig Lance | Common Stock | Payment of exercise | Dispose F | No | No | 5.255 | 28,627 | 150.43 k | 56,988 |
22 May 24 | Rosenzweig Lance | Common Stock | Option exercise | Acquire M | No | No | 0 | 75,615 | 0.00 | 85,615 |
22 May 24 | Rosenzweig Lance | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 75,615 | 0.00 | 247,675 |
22 May 24 | Rosenzweig Lance | RSU Common Stock | Grant | Acquire A | No | No | 0 | 302,458 | 0.00 | 323,290 |
News
Pitney Bowes To Target Additional Annualized Cost Savings Of $60M-$100M, Balance Sheet, Cash Management Improvements To Expedite Paydown Of High-Cost Debt
22 May 24
Nayax Posts Weak Q1 Results, Joins GameStop, Iris Energy And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
16 May 24
12 Industrials Stocks Moving In Thursday's Intraday Session
2 May 24
Pitney Bowes Jumps Over 24% After Earnings - What's Going On?
2 May 24
C.H. Robinson Worldwide Posts Upbeat Results, Joins Avis Budget Group, Qualcomm, BorgWarner, Moderna And Other Big Stocks Moving Higher On Thursday
2 May 24
Press releases
Pitney Bowes to Host Investor Conference Call
28 May 24
Pitney Bowes Announces Leadership Transition and New Initiatives to Accelerate Value Creation
22 May 24
Pitney Bowes Declares Common Stock Dividend
2 May 24
Pitney Bowes Announces First Quarter 2024 Financial Results
2 May 24
Lakeview Issues Open Letter to Pitney Bowes' Board of Directors Calling for Expeditious Sale of GEC
30 Apr 24