Pitney Bowes Inc. (PBI) declined in the normal trading session on Tuesday after the company announced its fourth quarter and fiscal year 2021. PBI is valued at $5.21, declining more than 15.42% from the previous value. The stock of PBI closed at $6.16 at the end of the previous trading session. The stock volume traded in the last trading session was approximately 1.94 million shares.
Fiscal 2021 results of PBI
- Pitney Bowes Inc. (PBI) reported revenue of $3.7 billion.
- PBI announced a GAAP EPS loss of $0.01.
- The company reported cash from operations was around $302 million.
- There was $154 million in free cash flow.
- Their cash and short-term assets totaled $747 million at the end of the year; we decreased their debt by $241 million and stretched our maturity profile.
- Shipment-related revenues accounted for half of the overall income in 2015.
- Global ecommerce revenue reached $1.7 billion, signifying a 5% increase over the previous year and a 48 percent increase over the current year.
- Presort Services saw a 10% increase in revenue over the previous year, with an EBIT margin of 14% over the same period.
Fourth Quarter of fiscal 2021 of PBI
- Revenue fell by 4% to $984 million, representing a 4 percent decrease.
- GAAP earnings per share of $0.01, adjusted earnings per share of $0.06.
- Cash from operations under GAAP totaled $85 million.
- The company generated $39 million in free cash flow.
- Presort Services saw a 16 percent increase in sales and an 80 percent increase in EBIT over the previous year.
- SendTech’s revenue decreased by 6 percent compared to the previous year.
- Global Ecommerce revenue decreased by 9% compared to the previous year but increased by 46% compared to 2019.
- According to the company, the company has entered into a sale-leaseback agreement for its Shelton site, which will generate roughly $50 million in cash and is expected to close in the first quarter of 2022.
The effect on PBI stock
The stock of PBI plunged in the current market following the news of its financial results. Investors are shying from investing in its stock due to its slight decrease in its performance.
Conclusion
Pitney Bowes Inc.’s (PBI) outlook for the future seems optimistic. The company expects to grow despite the challenging supply chain issues.
