Research Reports

Summary

Pitney Bowes reported Q1 2026 financial results with revenue of $477 million, GAAP EPS of $0.39, and reaffirmed upgraded full-year guidance while repurchasing shares and raising dividend.

Key takeaways

Q1 revenue $477M, down 3% YoY; GAAP net income $58M, up 64%; Adj. EPS $0.47, up 42%.
SendTech revenue $314M (-1%), Adj. Segment EBIT $114M (+17%); Presort revenue $163M (-8%).
Repurchased 17.2M shares for $186M YTD through May 1; cumulative 53.1M shares for $565M.
Increased quarterly dividend to $0.10/share, payable June 5 to record May 18 holders.
Reaffirmed 2026 guidance: Revenue $1,800-1,860M, Adj. EPS $1.50-1.65, Free Cash Flow $345-380M.
Operating cash flow $44M, positive vs. negative prior year; cash equivalents $303M at March 31.