Pitney Bowes IncPBI
▲ PositiveCapitalrelevance
Beats Q2 estimates and raises full-year EPS guidance
Impact on stocks 1
Industrials
Pitney Bowes IncPitney Bowes beats Q2 estimates, raises full-year EPS guidance
Earnings
Pitney Bowes reported better-than-expected second-quarter results, with revenue of $451.5 million surpassing analyst estimates of $443.5 million despite a 2.3% year-on-year decline. Adjusted earnings per share came in at $0.43, well above the $0.33 consensus, and the company raised its full-year adjusted EPS guidance to $1.63 at the midpoint. The improved performance was driven by margin expansion in the SendTech segment and new customer wins in Presort, though higher transportation costs weighed on Presort profitability. Management highlighted a cautious approach to growth, including pilot lending programs at Pitney Bowes Bank and a deliberate reduction of lower-value bank assets, while reaffirming full-year revenue guidance of $1.83 billion.
Pitney Bowes IncBeats Q2 estimates and raises full-year EPS guidance