PITNEY BOWES INC /DE/ (PBI)

Pitney Bowes, Inc. is a global shipping and mailing company, which engages in the provision of technology, logistics, and financial services. It operates through the following segments: Global Ecommerce, Presort Services, and SendTech Solutions. The Global Ecommerce segment includes cross-border solutions, domestic parcel, and digital delivery services. The Presort Services segment involves the sortation services to qualify large volumes of first-class mail, marketing mail and bound and packet mail for postal work-sharing discounts. The SendTech Solutions segment consists of physical and digital mailing and shipping solutions, financing, services, supplies, and other applications. The company was founded by Arthur H. Pitney and Walter Bowes on April 23, 1920 and is headquartered in Stamford, CT.

Address

PITNEY BOWES INC
STAMFORD, CT 06926-0700

Founded

1920

Number of Employees

10,500

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$50,008 $135,430 $193,527 - - $105,012 - - $13,448 - - $99,485
Average Price $26.84 $20.35 $18.51 - - $5.65 - - $4.89 - - $12.34
# Shares Purchased 1,863,262 6,655,196 10,454,835 - - 18,595,315 - - 2,750,000 - - 8,063,722
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date -77.6% -70.5% -67.6% - - 6.2% - - 22.7% - - -51.4%
S&P 500 Return to Date 181.9% 173.0% 168.6% - - 93.1% - - 37.3% - - 130.8%
Excess Total Return -259.5% -243.5% -236.2% - - -86.9% - - -14.6% - - -182.1%
Quartile Rank
Percentile Rank 8% 10% 9% - - 39% - - 66% - - 13%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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