Recent Updates — PBI

Pitney Bowes reported third-quarter revenue of $456 million, a 1% decline year-over-year, while GAAP diluted earnings per share rose 23% to $0.37 and adjusted EPS increased 35% to $0.42. The company raised its full-year revenue guidance low end by $30 million to $1,830 million and narrowed the range for adjusted EBIT and EPS. Management highlighted a 144% increase in adjusted free cash flow to $147 million and noted debt reduction of $148 million through operations and a tender offer. The Board approved a quarterly dividend of $0.10 per share, payable December 8, 2026, to shareholders of record on November 16, 2026. Pitney Bowes provides digital shipping solutions, mailing innovation, and financial services globally.

Pitney Bowes Inc. amended its Credit Agreement on September 29, 2026, to reduce the interest rate margin on its $585.5 million Term Loan B by 75 basis points. The applicable margin over SOFR decreased from 3.75% to 3.00%, while Base Rate margins were adjusted to 2.00%. This repricing is expected to lower annual interest expense by approximately $4 million, with no changes to the loan's maturity date or other terms. The transaction follows S&P Global Ratings' upgrade of the company’s issuer credit rating to ‘BB-’ and a series of debt retirement actions that have reduced annualized interest costs by roughly $13 million. Pitney Bowes Inc. operates in the technology sector, providing digital shipping solutions, mailing innovation, and financial services globally.

Pitney Bowes Inc. announced the expiration of its cash tender offers for up to $50 million aggregate principal amount of its 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037. A total of $46,467,050 in notes were validly tendered and accepted for payment. The company purchased $40,765,050 of the 2043 Notes and $5,702,000 of the 2037 Notes. Pitney Bowes operates in the shipping technology and mailing solutions industry.

Pitney Bowes Inc. entered into an amendment to its Credit Agreement on June 23, 2026, which provided for an additional $150 million in incremental tranche A term loans. The company used the proceeds to fully redeem its $347 million aggregate principal amount of 6.875% Senior Notes due March 2027. Pitney Bowes Inc. provides shipping, shipping and mailing-related services, and mailing solutions.