Slide 1: Pitney Bowes Third Quarter Earnings
Pitney Bowes Third Quarter Earnings October 29, 2025
Slide 2: Forward-Looking Statements and Financial Presentation
Forward-Looking Statements and Financial Presentation This document contains “forward-looking statements” about the Company’s expected or potential future business and financial performance, including, but not limited to, statements about future revenue and profitability, earnings guidance, future e
Slide 3: Use of Non-GAAP Measures
Use of Non-GAAP Measures Adjusted Segment EBIT Adjusted Segment EBIT is the primary measure of profitability and operational performance at the segment level. Adjusted Segment EBIT includes segment revenues and related costs and expenses attributable to the segment, but excludes interest, taxes, gen
Slide 4: Business Overview and Financial Results
Business Overview and Financial Results 4
Slide 5: Third Quarter – Overview
Third Quarter – Overview ▪ Revenue was $460 million, down 8% year-over-year ▪ GAAP EPS was $0.30, an improvement of $1.06 year over year ▪ Adjusted EPS was $0.31, an improvement of $0.10 year over year ▪ GAAP net income of $52 million, an improvement of $190 million year over year ▪ Adjusted EBIT wa
Slide 6: Third Quarter – Results vs. Prior Year
Third Quarter – Results vs. Prior Year $ millions Gross SG&A as % of R&D as a % of Adj EBIT (8%) Growth Y/Y Margin Revenue Revenue Margin Q3 2025: 55.6% Q3 2025: 31.1% Q3 2025: 0.7% Q3 2025: 23.3% Q3 2024: 55.6% Q3 2024: 33.7% Q3 2024: 1.5% Q3 2024: 20.6% $499 $460 $256 $278 $168 $143 $107 $103 $3 $
Slide 7: Third Quarter – SendTech Solutions
Third Quarter – SendTech Solutions SendTech Solutions offers physical and digital shipping and mailing technology solutions, financing, services, supplies and other applications for small and medium businesses, retail, enterprise, and government clients around the world to help simplify and save on
Slide 8: Third Quarter – Presort Services
Third Quarter – Presort Services Presort Services provides sortation services that enable clients to qualify for USPS workshare discounts in First Class Mail, Marketing Mail, Marketing Mail Flats and Bound Printed Matter. ($ millions) Q3 2025 Q3 2024 % Change Reported Revenue $149 $166 (11%) Adjuste
Slide 9: Guidance and Outlook
Guidance and Outlook 9
Slide 10: Full Year 2025 Guidance
Full Year 2025 Guidance Guidance Pitney Bowes now expects to achieve near the low-end of the previously disclosed guidance range for Revenue, Adjusted EBIT, and Free Cash Flow. The Company also now expects to achieve near the midpoint of its previously disclosed guidance range for Adjusted EPS. For
Slide 11: Appendix
Appendix 11
Slide 12: Third Quarter 2025 – Debt Profile
Third Quarter 2025 – Debt Profile Total debt consisted of the following: ($000s) Interest Rate 9/30/2025 12/31/2024 Term loan due March 2026 SOFR + 2.25% - $ 235,000 Notes due March 2027 6.875% 355,500 380,000 Notes due March 2028 SOFR + 6.9% - 96,563 Term loan due March 2028 SOFR + 4.0% - 433,125 T
Slide 13: Appendix: Financial Information – Statements of Operations
Appendix: Financial Information Consolidated Statem ents of Oper ations (Unaudited; in thousands, except per share amounts) Three Months Ended September 30, Nine Months Ended Septem ber 30, 2025 2024 2025 2024 Revenue: Services $ 289,476 $ 312,747 $ 898,331 $ 932,690 Products 89,712 101,846 273,782
Slide 14: Appendix: Financial Information – Balance Sheets
Appendix: Financial Information Consolidated Balance Sheets (Unaudited; in thousands) Assets September 30, 2025 Decem ber 31,2024 Current assets: Cash and cash equivalents $ 320,994 $ 469,726 Short-term investments 14,978 16,374 Accounts and other receivables, net 161,696 159,951 Short-term finance
Slide 15: Appendix: Business Segment Revenue
Appendix: Financial Information Business Segment Revenue (Unaudited; in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 % Change 2025 2024 % Change Sending Technology Solutions $ 310,782 $ 331,376 (6%) $ 938,104 $ 1,017,470 (8%) Presort Services 148,893 166,367
Slide 16: Appendix: Adjusted Segment EBIT & EBITDA
Appendix: Financial Information Adjusted Segment EBIT & EBITDA (Unaudited; in thousands) Three Months Ended September 30, 2025 2024 % change Adjusted Adjusted Adjusted Adjusted Adjusted Adjusted Segment EBIT (1) D&A Segment EBITDA Segment EBIT (1) D&A Segment EBITDA Segment EBIT Segment EBITDA Sendi
Slide 17: Reconciliation of Reported Consolidated Results to Adjusted Results
Appendix: Financial Information Reconciliation of Repor ted Consolidated Results to Adjusted Results (Unaudited; in thousands, except per share amounts) Three Months Ended September 30, Nine Months Ended Septem ber 30, 2025 2024 2025 2024 Reconciliation of r eported net income (loss) to adjusted EBI
Slide 18: Thank You
Thank You 18