Pitney Bowes Raises Full-Year Guidance Amid Strategic Shift and Competitor Exit
Pitney Bowes (PBI) has raised its full-year guidance for both revenue and adjusted free cash flow following its third-quarter 2026 earnings report. The company is benefiting from a significant volume increase in its Presort mail sortation segment after competitor PCI exited the market, which management believes signals a move toward more rational industry pricing. Despite this momentum, the SendTech segment faces a projected revenue decline of $60 million to $80 million in 2027 due to the termination of a noncore fulfillment contract. However, leadership maintains that the underlying business remains strong and is focused on a strategic pivot toward achieving companywide profitable top-line growth by late 2028.
Tickers: $PBI
Topics: contract termination free cash flow market share gain revenue guidance