PBI - Pitney Bowes Non-GAAP EPS of $0.06 misses by $0.02 revenue of $909M misses by $44.48M
- Pitney Bowes press release ( NYSE: PBI ): Q4 Non-GAAP EPS of $0.06 misses by $0.02 .
- Revenue of $909M (-7.6% Y/Y) misses by $44.48M .
- Adjusted EBIT was $49 million compared to $38 million in third quarter 2022 and $47 million in fourth quarter 2021
- GAAP cash from operating activities was $167 million; Free Cash Flow was $108 million
- Cash and short-term investments were $681 million at the end of the year
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Full Year 2023 Guidance: We expect flat to mid-single digit percentage revenue growth on a comparable basis. We also expect percentage EBIT growth to outpace revenue growth as GEC profitability continues to improve.
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Pitney Bowes Non-GAAP EPS of $0.06 misses by $0.02, revenue of $909M misses by $44.48M