Pitney Bowes Announces Second Quarter 2020 Financial Results
STAMFORD, Conn. — (BUSINESS WIRE) — July 30, 2020 — Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, today announced its financial results for the second quarter 2020.
“I want to acknowledge and thank all of the essential workers, including the Pitney Bowes team, for their dedication to their work in what is an unprecedented time. And, likewise, our hearts go out to all who lost loved ones to this virus,” said Marc B. Lautenbach, CEO and President, Pitney Bowes.
“It is times like these that test the resilience of our business,” Lautenbach continued. “We are fortunate to have taken significant actions over the past several years to move into shipping and invest in our digital capabilities, which now enables us to leverage the benefits of a more agile, flexible and contemporary business. We have momentum and are well positioned to emerge from this time as a better and stronger Company.”
- Revenue of $837 million, growth of 6 percent as reported and 7 percent when adjusted for the impact of currency
- GAAP EPS loss of $0.02; Adjusted EPS of $0.04
- GAAP cash from operations of $153