Pitney Bowes Inc. · NYSE:PBI
Pitney Bowes — Q2 2025 Earnings Presentation
19 slides from Pitney Bowes's earnings presentation, Jul 30, 2025
Slide 1: Pitney Bowes Second Quarter Earnings
Pitney Bowes Second Quarter Earnings July 30, 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: Second Quarter – Overview
Second Quarter – Overview ▪ Revenue was $462 million, down 6% year-over-year ▪ GAAP EPS was $0.17, an improvement of $0.30 year over year ▪ Adjusted EPS was $0.27, an improvement of $0.16 year over year ▪ GAAP net income of $30 million, an improvement of $55 million year over year ▪ Adjusted EBIT wa
Slide 6: Second Quarter – Results vs. Prior Year
Second Quarter – Results vs. Prior Year $ millions Gross SG&A as % of R&D as a % of Adj EBIT (6%) Growth Y/Y Margin Revenue Revenue Margin Q2 2025: 56.3% Q2 2025: 37.0% Q2 2025: 0.8% Q2 2025: 22.1% Q2 2024: 54.3% Q2 2024: 39.4% Q2 2024: 1.5% Q2 2024: 15.3% $490 $462 $260 $266 $171 $193 $102 $75 $4 $
Slide 7: Second Quarter – SendTech Solutions
Second 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: Global Financial Services within SendTech
Global Financial Services within SendTech Global Financial Services ▪ Net finance receivables ended the quarter at $1.15 billion, flat from year-end ▪ Portfolio quality remained very stable with relatively low levels of delinquencies and write-offs ▪ Bank deposits were $684 million, down seasonally
Slide 9: Second Quarter – Presort Services
Second Quarter – Presort Services Presort Services provides sortation services that enable clients to qualify for USPS workshare discounts in First Class Mail, Marketing Mail, Marketing Mail Flats and Bound Printed Matter. ($ millions) Q2 2025 Q2 2024 % Change Reported Revenue $150 $147 2% Adjusted
Slide 10: Guidance and Outlook
Guidance and Outlook 10
Slide 11: Full Year 2025 Guidance
Full Year 2025 Guidance Guidance Pitney Bowes has updated its full-year revenue guidance, from a $1.95 billion to $2 billion range to a $1.90 billion to $1.95 billion range. This update, which is almost entirely attributable to Presort, stems from previously overemphasizing EBIT margins at the expen
Slide 12: Appendix
Appendix 12
Slide 13: Second Quarter 2025 – Debt Profile
Second Quarter 2025 – Debt Profile Total debt consisted of the following: ($000s) Interest Rate 6/30/2025 12/31/2024 Term loan due March 2026 SOFR + 2.25% - $ 235,000 Notes due March 2027 6.875% 367,500 380,000 Notes due March 2028 SOFR + 6.9% - 96,563 Term loan due March 2028 SOFR + 4.0% - 433,125
Slide 14: Appendix: Financial Information
Appendix: Financial Information Consolidated Statem ents of Oper ations (Unaudited; in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenue: Services $ 290,423 $ 297,253 $ 608,855 $ 619,943 Products 90,880 108,262 184,070 222,386 Fina
Slide 15: Appendix: Financial Information
Appendix: Financial Information Consolidated Balance Sheets (Unaudited; in thousands) Assets June 30, 2025 Decem ber 31, 2024 Current assets: Cash and cash equivalents $ 285,177 $ 469,726 Short-term investments 15,606 16,374 Accounts and other receivables, net 155,317 159,951 Short-term finance rece
Slide 16: Appendix: Financial Information
Appendix: Financial Information Business Segment Revenue (Unaudited; in thousands) Three Months Ende d June 30 , Six Months Ended June 30, 202 5 202 4 % Cha nge 202 5 202 4 % Cha nge Sen ding Te chn ology S olutions $ 311,716 $ 339,273 (8% ) $ 627,322 $ 686,094 (9% ) Pre sor t Services 150 ,19 3 146
Slide 17: Appendix: Financial Information
Appendix: Financial Information Adjusted Segment EBIT & EBITDA (Unaudited; in thousands) Three Months Ended June 30, 2025 2024 % change Adjusted Adjusted Segment Adjusted Adjusted Adjusted Adjusted Segment EBIT (1) D&A EBITDA Segment EBIT (1) D&A Segment EBITDA Segment EBIT Segment EBITDA Sending Te
Slide 18: Appendix: Financial Information
Appendix: Financial Information Reconciliation of Repor ted Consolidated Results to Adjusted Results (Unaudited; in thousands, except per share amounts) Three Months Ended June 30, Si x Months Ended June 30, 2025 2024 2025 2024 Reconciliation of r eported net income (loss) to adjusted EBIT and adjus
Slide 19: Thank You
Thank You 19