Mailing solutions provider Pitney Bowes' Q3 revenue falls on weakness in SendTech business

Pitney Bowes

29/10/2025 21:00

Overview

Pitney Bowes Q3 revenue declines 8% yr/yr

Company increases share repurchase authorization to $500 mln

Outlook

Pitney Bowes expects full-year revenue near low end of $1.9 bln to $1.95 bln range

Company anticipates full-year adjusted EPS near midpoint of $1.20 to $1.40 range

Pitney Bowes sees full-year free cash flow near low end of $330 mln to $370 mln range

Result Drivers

SENDTECH DECLINE - Revenue decline in SendTech Solutions due to prior year product migration and decrease in mailing install base

PRESORT SERVICES - Revenue decline in Presort Services driven by lower volumes from client losses and broader market decline

COST SAVINGS - Co identifies $50 mln to $60 mln in additional cost savings as part of strategic review

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$460 mln
$467.44 mln (1 Analyst)
Q3 Adjusted EPS
Miss
$0.31
$0.31 (2 Analysts)
Q3 EPS
$0.30
Q3 Adjusted EBIT
Miss
$107 mln
$112.97 mln (1 Analyst)
Q3 Free Cash Flow
$60 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the office equipment peer group is "buy."

Wall Street's median 12-month price target for Pitney Bowes Inc is $17.00, about 30.6% above its October 28 closing price of $11.79

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw6MMngda

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)