Pitney Bowes Inc. (PBI) Q1 2025 Earnings Call Transcript

Pitney Bowes Inc. (NYSE:PBI) Q1 2025 Earnings Conference Call May 7, 2025 5:00 PM ET

Company Participants

Alex Brown - Director-Investor Relations
Lance Rosenzweig - Chief Executive Officer
Bob Gold - Executive Vice President, Chief Financial Officer and Treasurer

Conference Call Participants

Kartik Mehta - Northcoast Research
Anthony Lebiedzinski - Sidoti
Peter Sakon - CreditSights
Justin Dopierala - DOMO Capital Management, LLC
David Steinhardt - Contrarian Capital

Operator

Thank you for standing by. My name is Janice, and I will be your conference operator today. At this time I would like to welcome everyone to the Q1 2025 Pitney Bowes Inc. Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. [Operator Instructions]. Thank you.

I would like to turn the call over to Alex Brown, Director of Investor Relations. Please go ahead.

Alex Brown

Good afternoon, and thank you for joining us. Included in today’s presentation are forward-looking statements about our future business and financial performance. Forward-looking statements involve risks along with uncertainties that could cause actual results to be materially different from our projections. More information about these items can be found in our earnings press release, our 2024 Form 10-K and other reports filed with the SEC that are located on our website at www.pb.com and by clicking on Investor Relations. Please keep in mind that we do not undertake any obligation to update forward-looking statements as a result of new information or developments.

Also included in today’s presentation are non-GAAP measures, specifically, EBIT, EBITDA, EPS and free cash flow are all on an adjusted basis. You can find reconciliations for these items to the appropriate GAAP measure in the tables attached to our press release. We have also provided a slide presentation and a spreadsheet with historical