Pitney Bowes Q2 revenue falls less than expected, profit beats

Pitney Bowes

29/07/2026 21:40

Overview
US shipping solutions firm's Q2 revenue fell 2% yr/yr but beat analyst expectations
Adjusted EPS for Q2 rose 59%, beating analyst expectations
Company reduced debt by over $200 mln since Q1 and repurchased 4.5 mln shares

Outlook
Pitney Bowes raises 2026 full-year adj EBIT guidance to $445-$475 mln
Company lifts 2026 adj EPS outlook to $1.55-$1.70
Pitney Bowes boosts 2026 adj free cash flow forecast to $360-$410 mln

Result Drivers
SENDTECH COST REDUCTIONS - Co said improved adjusted EBIT in SendTech was driven by cost reductions and a $5 mln tariff refund
PRESORT VOLUME DECLINE - Co said Presort revenue and profit fell due to lower mail volumes and previously communicated client losses
HIGHER TRANSPORTATION COSTS - Co said Presort margins contracted due to reduced operating leverage from lower volumes and higher fuel and transportation costs

Company press release: ID:nBw7K2bXLa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$451.50 mln
$443.49 mln (4 Analysts)
Q2 Adjusted EPS
Beat
$0.43
$0.32 (6 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
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 $16.50, about 7.5% below its July 28 closing price of $17.83
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
July 28 - UPS hikes full-year forecasts after Amazon delivery reductions, shares drop on investor skepticism
July 29 - ArcBest Q2 revenue rises 16% on higher weight per shipment
July 28 - Logitech beats forecasts after US tariff refund

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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.)