Pitney Bowes Inc. disclosed its financial results for the second quarter of 2025 on July 30, 2025. The company reported GAAP EPS of $0.17, a significant improvement from a loss of $0.14 in Q2 2024, and Adjusted EPS of $0.27, up from $0.11 in the prior year period. Total revenue for the quarter was $461.9 million, a 6% decrease year-over-year.
Segment performance showed SendTech revenue at $312 million (down 8%), with Adjusted Segment EBIT increasing 5% to $101 million due to simplification and cost reduction initiatives. Presort Services revenue grew 2% to $150 million, and its Adjusted Segment EBIT surged 33% to $36 million, driven by higher revenue per piece and cost reductions.
In a significant capital allocation update, Pitney Bowes increased its share repurchase authorization from $150 million to $400 million, having completed $130 million in share buybacks over the past 120 days. The company also increased its quarterly dividend for the third consecutive quarter to $0.08 per share, a 14.3% increase from the previous $0.07.
For the full-year 2025 outlook, revenue guidance was updated to a range of $1.90 billion to $1.95 billion, a slight reduction primarily attributed to Presort. Adjusted EBIT guidance was tightened to $450 million to $465 million, while Adjusted EPS guidance was raised to $1.20 to $1.40. Free cash flow guidance was reaffirmed at $330 million to $370 million.
CEO Kurt Wolf's letter to shareholders provided updates on strategic review priorities, noting that new management reversed former management's policy on Presort pricing to ensure client retention and growth, leveraging its market leadership.
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