Pitney Bowes Inc. announced its financial results for the first quarter ended March 31, 2025, on May 7, 2025. The company reported total revenue of $493.4 million, a 5% decrease year-over-year. However, income from continuing operations was $35.4 million, an increase from $32.1 million in the prior year period, which had included a $35 million loss from discontinued operations.
Adjusted EBIT for Q1 2025 was $120 million, marking a 28% increase year-over-year, driven by cost reductions and core segment performance. SendTech Solutions revenue was $298.1 million, down 9%, but its gross margin improved to 68.9% from 66.6%. Presort Services revenue grew 5% to $177.8 million, with EBIT surging to $54.8 million from $40.3 million, and gross margin improving to 41.2% from 36.8%.
The company reaffirmed its full-year 2025 outlook, expecting revenue between $1.95 billion and $2.00 billion, Adjusted EBIT between $450 million and $480 million, and Adjusted EPS between $1.10 and $1.30. Free cash flow is still projected to be between $330 million and $370 million.
In a move to return more capital to shareholders, Pitney Bowes increased its quarterly dividend to $0.07 per share, a 40% increase from the previous $0.05 per share. The company also opportunistically repurchased $23 million of 2027 and 2029 notes in the first quarter, further demonstrating its commitment to deleveraging and shareholder value.
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