PBI · Pitney Bowes Inc. NT 43

Pitney Bowes reported preliminary unaudited Q1 2026 results showing revenue of approximately $477 million, a 3% year-over-year decline from $493 million, which represents sequential improvement from the 5% decline in Q1 2025 and 7% decline in the prior quarter. Adjusted EBIT rose to about $130 million from $120 million last year, and Adjusted EPS improved to $0.47 from $0.33. Free Cash Flow swung to a positive $44 million from a $20 million use in Q1 2025. CEO Kurt Wolf attributed the strong performance to broad-based revenue strength in SendTech, competitive wins in Presort, and continued cost management across all areas. This robust start, combined with improving sales trends, share repurchases, and better forecasting, prompted the company to raise full-year 2026 guidance. Updated ranges are now Revenue $1,800-$1,860 million (from $1,760-$1,860 million), Adjusted EBIT $425-$465 million (from $410-$460 million, now including $15.4 million pension costs previously excluded), Adjusted EPS $1.50-$1.65 (from $1.40-$1.60, including $0.08 post-tax pension addback), and Free Cash Flow $345-$380 million (from $340-$370 million). The company will release complete Q1 results after market on May 5, 2026, followed by an investor call on May 6 at 8:00 a.m. ET. These preliminary figures are estimates and subject to change before finalization in the Q1 10-Q.