Pitney Bowes is a global technology company offering innovative products and solutions that enable commerce in the areas of customer information management, location intelligence, customer engagement, shipping and mailing, and global e-commerce. The Company operates through three business segments: the SMB Solutions group; the Enterprise Business Solutions group; and the Digital Commerce Solutions segment.

The SMB Solutions group offers mailing equipment and financing services and supplies for small and medium businesses to efficiently create mail and evidence postage.

The Enterprise Business Solutions group provides mailing equipment and services for large enterprise clients to process mail, including sortation services to qualify large mail volumes for postal work sharing discounts.

The Digital Commerce Solutions segment leverages digital and mobile channels that make the Company’s clients’ customer-facing functions more effective. This segment includes software, e-commerce, shipping, and marketing services.

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Type
Public
HQ
Stamford, US
Founded
1920
Size (employees)
14,200 (est)
Pitney Bowes was founded in 1920 and is headquartered in Stamford, US
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Key People/Management at Pitney Bowes

Marc Lautenbach

Marc Lautenbach

President and CEO
Stanley Sutula

Stanley Sutula

EVP and CFO
Michael Monahan

Michael Monahan

EVP and COO

Pitney Bowes Office Locations

Pitney Bowes has offices in Singapore, Harlow, Neenah, Stamford and in 2 other locations
Stamford, US (HQ)
3001 Summer St
Neenah, US
2225 American Dr
Macquarie Park, AU
1 68-72 Waterloo Rd
Mississauga, CA
5500 Explorer Dr
Harlow, GB
130 Sandringham Ave
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Pitney Bowes Financials and Metrics

Pitney Bowes Financials

Pitney Bowes's revenue was reported to be $3.41 b in FY, 2016 which is a 4.8% decrease from the previous period.
USD

Revenue (Q3, 2017)

842.8 m

Net income (Q3, 2017)

57.4 m

Market capitalization (18-Apr-2018)

2 b

Cash (30-Sep-2017)

1.7 b

EV

4.5 b
Pitney Bowes's current market capitalization is $2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

3.9 b3.8 b3.6 b3.4 b

Revenue growth, %

(1%)(6%)(5%)

General and administrative expense

1.2 b

R&D expense

121.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

938.8 m937.5 m958.5 m941.6 m890.7 m880.9 m869.5 m844.6 m835.9 m839 m836.6 m821.4 m842.8 m

General and administrative expense

355.2 m351.4 m338.4 m341.7 m314.5 m315.6 m309.2 m326.9 m288.6 m301 m306.3 m297.5 m304.4 m

R&D expense

24.8 m26.2 m28.6 m26.1 m26 m28.5 m29.2 m26.6 m34.5 m28.7 m31.9 m33 m32.1 m

Operating expense total

846.1 m883 m820 m800.1 m755.1 m671.4 m733 m744.9 m742.6 m745.4 m740.1 m767.5 m767.9 m
Annual
USDFY, 2013FY, 2015FY, 2016

Cash

907.8 m650.6 m764.5 m

Accounts Receivable

457.3 m455.5 m

Inventories

103.6 m88.8 m92.7 m

Current Assets

2.8 b2.3 b2.3 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

759.6 m903.3 m1 b923.7 m871.7 m754.2 m716 m613 m676 m992.1 m739.6 m840.6 m1.7 b

Accounts Receivable

430.2 m409.5 m399.1 m379.6 m400 m399.1 m383.8 m431.6 m427.6 m390 m389.3 m408.9 m

Inventories

134.3 m101 m101.3 m94.9 m95 m101.1 m103.2 m100.4 m111 m108.8 m115.6 m121.5 m118.3 m

Current Assets

3.2 b2.8 b2.8 b2.7 b2.5 b2.4 b2.3 b2.2 b2.3 b2.5 b2.2 b2.5 b3.2 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

426.3 m111.9 m

Depreciation and Amortization

173.3 m178.5 m

Inventories

Accounts Payable

Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

49.3 m98.9 m136.9 m85.2 m241.6 m335.4 m62.6 m120.8 m190.9 m65.1 m114 m171.4 m

Depreciation and Amortization

85.2 m127.5 m44.3 m89.5 m140.2 m44.3 m88.2 m132 m

Inventories

(17.4 m)103.2 m(11.5 m)(22.6 m)(20.5 m)(22.2 m)(26.8 m)(22.8 m)

Cash From Operating Activities

200.3 m350.7 m58.4 m153.6 m290.9 m154 m184.6 m330.6 m
USDY, 2017

EV/CFO

13.7 x

EV/FCF

21.5 x

Revenue/Employee

59.4 k
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Pitney Bowes Operating Metrics

FY, 2016

Countries

220
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Pitney Bowes Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Newgistics (373)September 06, 2017
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Pitney Bowes News and Updates

Blackstone, Carlyle interested in Pitney Bowes: reports

Pitney Bowes has attracted interest from Blackstone Group and Carlyle Group, according to press reports. The interest caused shares of Pitney Bowes to surge nearly 15 percent Thursday. Pitney Bowes’ management has engaged in preliminary talks with the suitors and is amenable to doing a deal at the r…
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