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Pitney Bowes Sees Fifth Year Of Growth

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.

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“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)

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