Pitney Bowes: Major Cost Savings Streamline the Postal Company for Efficiency
Reading Time: 3 minutes
Pitney Bowes exceeded EBIT and EPS estimates for 2024, announced a share buyback plan worth USD 150 million, and increased the dividend rate by 20%. The cost-cutting measures have consistently exceeded expectations. The projected savings now range between USD 170 million and USD 190 million. The focus on core business areas and cost efficiency rather than acquisitions is driving growth. Pitney Bowes (NYSE: PBI) is a shipping and mailing company that provides logistics, technology, and financial services for small and medium-sized businesses,...
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