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PBI - Pitney Bowes: Cost Reduction Program Strong Domestic Parcel Volumes And Undervalued
Pitney Bowes Inc.
2024-02-08 05:51:03 ET
Summary
Pitney Bowes has announced a cost reduction program that could positively impact future free cash flow growth.
The company expects new net sales growth driven by strong volumes of domestic parcels, network productivity, and new technological solutions in the e-commerce business.
The sale of assets and divisions in the past suggests that there may be new transactions in 2024, which could boost the company's balance sheet.