Pitney Bowes Announces Strong Financial Results for First Quarter 2025 and Continued Progress Across Range of Value Enhancing Initiatives

About this update from Pitney Bowes Inc.

[{"type":"text","content":"Increases Quarterly Dividend From $0.06 to $0.07","length":48,"tagName":"p","attribs":{}},{"type":"text","content":"Reaffirms Full-Year Financial Guidance Following Strong Q1 Performance for SendTech and Presort","length":95,"tagName":"p","attribs":{}},{"type":"text","content":"Shares Update on New Cost Reduction and Deleveraging Initiatives to Continue Strengthening the Company’s Financial Position","length":123,"tagName":"p","attribs":{}},{"type":"text","content":"STAMFORD, Conn., May 07, 2025--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI) ("Pitney Bowes" or the "Company"), a technology-driven services company that provides SaaS shipping solutions, mailing innovation and financial services to clients around the world, today announced its financial results for the first quarter ended March 31, 2025. The Company also announced that it is reiterating its full-year outlook, taking additional steps to cut costs and deleverage, and increasing its quarterly dividend for a second consecutive quarter.","length":559,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Financial Highlights","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue was $493 million, down 5% year over year and in line with previously disclosed expectations for this point in the Company’s product lifecycle","length":149,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP EPS was $0.19, an improvement of $0.21 year over year","length":58,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EPS was $0.33, an improvement of $0.14 or 74% year over year","length":69,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP net income of $35 million, an improvement of $38 million year over year","length":76,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBIT was $120 million, an improvement of $26 million or 28% year over year","length":83,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP cash from operating activities was a use of $17 million and included a $146 million use of working capital in line with seasonal expectations","length":146,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Free Cash Flow, which excludes $13 million of restructuring payments, was a use of $20 million and consiste...

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