LONDON, UK / ACCESSWIRE / February 20, 2018 / Active-Investors.com has just released a free earnings report on Pitney Bowes Inc. (PBI). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PBI. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on January 31, 2018. The mailing equipment and software Company surpassed top- and bottom-line expectations, and provided guidance for the upcoming quarter. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Pitney Bowes most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the three months ended December 31, 2017, Pitney Bowes' revenues advanced 18% to $1.05 billion compared to $887.07 million in Q4 2016. The Company's revenue numbers exceeded analysts' estimates by $59 million.
For the full year FY17, Pitney Bowes' revenues grew 4% to $3.55 billion compared to $3.41 billion in FY16.
During Q4 2017, Pitney Bowes' GAAP earnings totaled $89.95 million, or $0.48 per diluted share, compared to a net loss of $84.34 million, or $0.45 loss per diluted share, in Q4 2016. The Company's reported quarter results included $0.10 for restructuring charges, $0.01 for transaction costs, a $0.01 loss for the extinguishment of debt, and a net benefit of $0.21 recorded on the provision for income tax related to the enactment of the Tax Cuts and Jobs Act 2017 (TCJA). In Q4 2016, Pitney Bowes' results included a $0.05 charge related to restructuring and asset impairment, a $0.90 goodwill impairment charge, and a $0.01 loss due to divestiture transactions.
On an adjusted basis, Pitney Bowes reported earnings per share (EPS) of $0.40 versus of $0.53 in the year earlier same quarter. The Company's EPS beat Wall Street's estimates of $0.36.
For FY17, Pitney Bowes' GAAP earnings were $261.34 million, or $1.39 per diluted share, compared to $92.81 million, or $0.49 per diluted share, in FY16. The Company's adjusted diluted EPS totaled $1.41 compared to $1.68 in FY16.
During Q4 2017, Pitney Bowes' Small and Medium Business (SMB) Solutions segment's revenues declined 5% to $441 million on a y-o-y basis, while its earnings before interest and taxes (EBIT) dropped 10% to $140 million. Within the segment, North America Mailing unit's sales dropped 6% to $340 million on a y-o-y basis, attributed to lower tabletop inserter sales. Recurring revenue streams declined, largely around financing, rentals, and service revenues. The SMB segment's International Mailing unit's revenues totaled $102 million, down 1% on a y-o-y basis, primarily due to lower equipment sales.
For Q4 2017, Pitney Bowes' Enterprise Business Solutions segment's revenues advanced 10% to $256 million on a y-o-y basis. The segment's EBIT grew 6% to $47 million. Within the segment, Production Mail unit's sales grew double-digits to $128 million on a y-o-y basis, largely due to higher print and sorter equipment placements. The segment's Presort Services unit's revenues advanced 8% to $128 million, driven by an improved revenue per piece along with higher First-Class mail, parcel, and flats volumes processed.
During Q4 2017, Pitney Bowes' Digital Commerce Solutions segment's revenues soared 86% to $352 million. The segment's EBIT fell 42% to $10 million, primarily due to a drop in EBIT from its Global Ecommerce unit. In the reported quarter, the segment's Software Solutions unit's revenues fell 3% to $88 million on a y-o-y basis, driven by lower license and service revenues. The segment's Global Ecommerce unit's sales soared 169% to $263 million, as the reported quarter results included a full quarter of revenue from Newgistics business. Excluding Newgistics, the segment continued to generate double-digit revenue growth, driven by a strong performance in both cross border retail and marketplace volumes along with domestic shipping. The segment's Global Ecommerce unit's EBIT margin declined on a y-o-y basis, largely due to investments in market growth opportunities as well as the amortization of acquisition-related intangible assets.
During Q4 2017, Pitney Bowes' GAAP cash from operations was $165 million, and free cash flow was $145 million. During the reported quarter, the Company used cash to return $35 million in dividends to shareholders, and to pay $11 million for restructuring payments.
For FY17, Pitney Bowes' GAAP cash from operations was $496 million, and free cash flow was $384 million. During FY17, the Company utilized cash to return $139 million in dividends to shareholders and to pay $41 million for restructuring payments.
For the full fiscal year 2018, Pitney Bowes is forecasting revenues, on a constant currency basis, to be in the range of 9% to 13% growth on a y-o-y basis. The Company is expecting adjusted EPS to be in the band of $1.40 to $1.55, and free cash flow to be in the range of $350 million to $400 million.
Stock Performance Snapshot
February 16, 2018 - At Friday's closing bell, Pitney Bowes' stock slightly climbed 0.49%, ending the trading session at $12.34.
Volume traded for the day: 1.27 million shares.
Stock performance in the previous three-month period – up 28.01%; and year-to-date – up 10.38%
After last Friday's close, Pitney Bowes' market cap was at $2.30 billion.
Price to Earnings (P/E) ratio was at 24.10.
The stock has a dividend yield of 6.08%.
The stock is part of the Consumer Goods sector, categorized under the Business Equipment industry.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the ''Author'') and is fact checked and reviewed by a third-party research service company (the ''Reviewer'') represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the ''Sponsor''), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.