Pitney Bowes Sees Fifth Year Of Growth

Posted on February 2, 2022 by mailomg in memo 589 // 0 Comments

STAMFORD, CT — February 01, 2022 — Pitney Bowes announced its financial results for the full year and fourth quarter 2021, reporting its fifth consecutive year of revenue growth.

“The fourth quarter capped another important year in our transformation,” said Marc B. Lautenbach, President & CEO, Pitney Bowes (l).

“While not without challenges, we delivered our fifth consecutive year of consolidated revenue growth. In the aggregate, SendTech and Presort grew revenues and EBIT year-over-year, which is a significant achievement. Global Ecommerce had a successful peak in terms of service levels with 99 percent of all committed parcels delivered ahead of the holidays; however, supply chain challenges and shifts in consumer buying behavior led to lower volumes, impacting that segment’s fourth quarter financial results. …” (click to read more)

Pitney Bowes

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