Pitney Bowes Inc.

Ticker(s):

PBI and PBI-PB

Country:

Sector & Industry:

,
Business Overview

Pitney Bowes Inc., operates as a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to small businesses, large enterprises, and government entities around the world. It operates through SendTech Solutions and Presort Services segments. The SendTech Solutions segment provides physical and digital shipping and mailing technology solutions, and other applications for sending, tracking and receiving of letters, parcels and flats, supplies, and maintenance services, as well as financing alternatives to finance equipment and product purchases. The Presort Services segment offers mail sortation services, which allow clients to qualify volumes of first-class mail, marketing mail, marketing mail flats, and bound printed matter for postal workshare discounts. It markets its products, solutions, and services through direct and inside sales force, global and regional partner channels, direct mailings, and digital channels. The company was formerly known as Pitney Bowes Postage Meter Company. Pitney Bowes Inc. was incorporated in 1920 and is headquartered in Stamford, Connecticut.

Contact & Other Information

Number of Employees:

7,200

3001 Summer Street
Stamford

,

CT

,

06926
United States
203 356 5000
02/21/2025 | 10-K | 0000078814-25-000015 |

Pitney Bowes’ 2024 financial performance shows a mixed picture with improved income from continuing operations but a significant net loss due to discontinued operations. The company is undergoing a strategic shift away from Global Ecommerce, focusing on cost rationalization and core segments.