Pitney Bowes Lifts 2026 Guidance Following Preliminary Q1 Earnings Beat

Pitney Bowes Inc. (PBI) reported a stronger-than-expected start to fiscal 2026, posting preliminary adjusted earnings that surpassed the previous year's performance. The provider of digital shipping, mailing, and financial solutions saw its adjusted income rise to $0.47 per share for the first quarter, compared to $0.33 in the same period last year. The earnings growth occurred despite a contraction in top-line revenue, which fell to $477 million from $493 million year-over-year. However, operational efficiency was reflected in the EBIT (excluding items), which climbed to $130 million from $120 million. Buoyed by these results, the company revised its annual guidance upward. Pitney Bowes now anticipates adjusted income between $1.50 and $1.65 per share, an increase from the previous range of $1.40 to $1.60. The updated EBIT projection now sits between $425 million and $465 million, while the revenue floor was raised to $1.800 billion. Management noted that the updated guidance reflects a change in the treatment of pension-related expenses. Specifically, the company will now include an addback of approximately $15.4 million in pension costs for EBIT and $0.08 in post-tax pension costs for adjusted EPS. Investors reacted positively to the improved outlook and earnings beat. Shares of PBI surged 7.91% to $14.24 in pre-market trading on the New York Stock Exchange.