Quarterly ResultMay 5, 2026, 04:19 PM
Pitney Bowes Q1 Adj. EPS $0.47, Revenue $477M; Raises Dividend to $0.10
AI Summary
Pitney Bowes reported strong first-quarter 2026 financial results, with adjusted EPS increasing 42% to $0.47 and GAAP net income rising 64% to $58 million, despite a 3% decline in revenue to $477 million. The company reaffirmed its upgraded full-year 2026 guidance, reflecting better-than-expected performance and improving sales trends. Additionally, Pitney Bowes increased its quarterly dividend by $0.01 to $0.10 per share and repurchased 17.2 million shares for $186 million year-to-date.
Key Highlights
- Adjusted diluted EPS increased 42% to $0.47 in Q1 2026.
- GAAP net income rose 64% to $58 million for the quarter.
- Total revenue declined 3% to $477 million in Q1 2026.
- Increased quarterly dividend from $0.09 to $0.10 per share.
- Repurchased 17.2 million shares for $186 million year-to-date.
- SendTech Solutions revenue declined 1% to $314 million.
- Presort Services revenue declined 8% to $163 million.
- Reaffirmed 2026 full-year guidance: Adj. EPS $1.50-$1.65, Revenue $1.80B-$1.86B.