Pitney Bowes Inc.

Pitney Bowes Inc. ( PBI ) Q3 2026 Earnings Call October 29, 2026 8:00 AM EDT Company Participants Alex Brown Kurt Wolf - CEO & Director Paul Evans - Executive VP, CFO & Treasurer Conference Call Participants Aaron Kimson - Citizens JMP Securities, LLC, Research Division Curtis Nagle - BofA Securities, Research Division Keen Fai Tong - Goldman Sachs Group, Inc., Research Division Jasper Bibb - Truist Securities, Inc., Research Division David Witzke Anthony Lebiedzinski - Sidoti & Company, LLC Kartik Mehta - Northcoast Research Partners, LLC Presentation Operator Good morning, and welcome to Pitney Bowes Third Quarter 2026 Earnings Conference Call. Today's call will include remarks by Pitney Bowes' management, followed by a question-and-answer session.

Pitney Bowes NYSE: PBI said its third-quarter 2026 results showed year-over-year improvement in adjusted earnings per share, adjusted EBIT and adjusted free cash flow, even as the company increased investment in growth initiatives. Chief Executive Officer Kurt Wolf said the performance through the third quarter and early fourth quarter prompted the company to raise the midpoints of its revenue and adjusted free-cash-flow guidance ranges.

Pitney Bowes remains a Buy as the turnaround is delivering tangible gains in cash flow, debt reduction, and capital returns. SendTech's profit growth is driven by disciplined cost control, while Presort has stabilized volumes and added major clients after a competitor's exit. PBI trades at a significant valuation discount, with forward P/E, EV/EBITDA, and price-to-cash-flow multiples well below sector medians despite improved fundamentals.

Pitney Bowes (PBI) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.31 per share a year ago.