PITNEY BOWES INC /DE/

Pitney Bowes Inc. announced the repricing of its $585 million Term Loan B, effective September 29, 2026. The amendment reduces the applicable interest rate margin by 75 basis points, lowering the margin over SOFR to 300 basis points. This change is expected to reduce annual interest expense by approximately $4 million, with no changes to the outstanding principal balance or maturity date. The company highlighted this as part of its ongoing strategy to strengthen its balance sheet and reduce leverage, following a recent credit rating upgrade by S&P Global Ratings.

Pitney Bowes reported a significant increase in net income for Q2 2026, rising 66.5% to $49.9 million, with diluted EPS more than doubling to $0.36. Total revenue for the quarter saw a slight decrease of 2.25% to $451.5 million. Year-to-date net cash from operating activities also showed strong growth, increasing by 108.1% to $197.1 million.

Pitney Bowes reported strong Q2 2026 financial results, with Adjusted EPS increasing 59% to $0.43, Adjusted EBIT up 13% to $116 million, and Adjusted Free Cash Flow rising 39% to $148 million. The company raised its full-year guidance for Adjusted EBIT, Adjusted EPS, and Adjusted Free Cash Flow, while reaffirming revenue guidance. Additionally, Pitney Bowes reduced debt by over $200 million since Q1, repurchased 4.5 million shares for $53 million, and declared a $0.10 per share quarterly dividend. The Board also announced the formation of a Strategic Review Committee to explore external value creation options.

Pitney Bowes Inc. announced the appointment of La Vonda Williams to its Board of Directors, effective July 21, 2026. Ms. Williams brings nearly 20 years of leadership experience in finance and operations, including executive roles at Onegevity Health and Goldman Sachs. She will serve on the Audit, Governance, and Strategic Review Committees, receiving an annual cash retainer of $200,000, additional committee retainers, and equity grants totaling $378,000 (prorated for her mid-year start).

Pitney Bowes Inc. announced it has redeemed its $347 million aggregate principal amount of 6.875% Senior Notes due March 2027. This action was funded by an additional $150 million in incremental Tranche A term loans, bringing the total Tranche A term loans to $302 million, combined with existing cash and other liquidity sources. The company stated that this move eliminates its nearest-term debt maturity, pushing the next scheduled maturity to March 2029, and is expected to strengthen its balance sheet, reduce leverage, and lower interest expense.

Pitney Bowes Inc. announced an amendment to its Credit Agreement, extending the maturity dates of its revolving credit facility and term loan A facility to May 2031. The size of the $450 million revolving credit facility and $152 million term loan A remains unchanged. The amendment also modifies financial covenants, including new ratios for interest coverage, secured net leverage, and total net leverage. Additionally, Fitch Ratings initiated coverage, assigning Pitney Bowes a BB- Long-Term Issuer Default Rating with a Stable Outlook, reflecting confidence in the company's financial position.

Pitney Bowes reported a significant increase in net income and diluted EPS for the first quarter of 2026, despite a slight decline in total revenue. The company's net income rose by 64.13% to $58.1 million, with diluted EPS more than doubling to $0.39. Operating cash flow also saw a substantial improvement, turning positive from a loss in the prior year, while the company significantly increased common stock repurchases.

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.

Pitney Bowes Inc. announced its preliminary, unaudited financial results for the first quarter of fiscal year 2026 via a press release on April 21, 2026. These preliminary results are based on estimated figures and are subject to final adjustments. The company cautioned that actual results may differ from these preliminary figures and stated no obligation to publicly update or revise these projections, except as required by law.