Pitney Bowes (PBI) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 6, 2026 astatine 11:20 AM CDT 31 min read

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DATE

Wednesday, May 6, 2026 astatine 8 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Kurt Wolf

• Chief Financial Officer — Paul Evans

Full Conference Call Transcript

Kurt Wolf: Good morning, and convey you for joining america today. As reflected successful our net release, archetypal 4th results were beardown and broad-based. Our results and outlook reflects momentum successful the concern and supported the upping of our guidance. SendTech performed good successful the 4th and is showing imaginable signs of turning the country connected sales. Presort continues to triumph concern and physique income momentum. We proceed to expect maturation to instrumentality to the concern successful the 3rd quarter. Turning to Pitney Bowes Bank. Steve and his squad are making accelerated advancement with respect to operational improvements and successful identifying value-driving opportunities. Additionally, we've delivered important shareholder worth done our superior allocation policy, including dividend increases and important stock repurchases.

Finally, we person started interviewing advisers for the 2nd signifier of our strategical review. In summary, Pitney Bowes is highly good positioned for the agelong term. In closing, I consciousness obliged to nonstop retired a peculiar convey you to the implicit 6,000 Pitney Bowes squad members. Our results are a nonstop reflection of their endowment and dedication to the company. With that, let's unfastened the telephone for questions.

Operator: [Operator Instructions] Our archetypal question comes from Jasper Bibb with Truist Securities.

Jasper Bibb: Can you speech astir the consolidation accidental successful Presort? The missive this 4th mentioned hiring Greenhill to measure opportunities determination historically. I deliberation a batch of your acquisitions successful that concern has been beauteous overmuch mom-and-pops, which I ideate you tin grip internally without having to person an concern slope involved. So I conjecture does hiring Greenhill awesome immoderate alteration determination that you would perchance see larger acquisitions successful that conception oregon you're approaching the consolidation accidental immoderate otherwise than you person successful the past?

Kurt Wolf: Yes. Jasper, acknowledgment for joining us, and acknowledgment for the question. With respect to the Presort acquisition, we've been talking astir that for rather a spot successful presumption of being a existent strategy for us. As we've mentioned, there's large accidental to make value. So yes, we tin spell retired and prosecute these opportunities connected our own. But conscionable having an extracurricular advisor truly tin assistance accelerate that. We person a squad that's heavy dedicated connected execution wrong the business, but having dedicated resources to truly accelerate those discussions tin lone help. And with respect to size of the acquisition, the saccharine spot truly is rather often the smaller mom-and-pop benignant Presort opportunities.