Pitney Bowes is a global shipping and mailing company that provides technology, logistics, and financial services. While not a traditional space industry player, they are involved in supply chain management and logistics, potentially relevant to the space sector's ground operations. The company produces mailing equipment and partners with the United States Postal Service (USPS) as a work-share partner.
All verified mentions of this organization in source documents.
Pitney Bowes is a global shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500.
Precisely completed its acquisition of the software and data business from Pitney Bowes in December 2019.
Pitney Bowes invested $21,000,000 in capital expenditures during the third quarter 2020.
On a year-to-date basis through the third quarter 2020, Pitney Bowes reported free cash flow of $186,000,000.
Pitney Bowes’ Global Ecommerce revenue was $410,000,000 in the third quarter 2020, an increase of 47 percent from $279,000,000 in 2019.
Pitney Bowes ended the third quarter 2020 with $820,000,000 in cash and short-term investments.
Pitney Bowes repaid the $100,000,000 drawn against its revolving credit facility during the third quarter 2020.
Pitney Bowes reported GAAP cash from operations of $104,000,000 for the third quarter 2020.
Pitney Bowes made $5,000,000 in restructuring payments during the third quarter 2020.
Pitney Bowes will not provide 2020 guidance given uncertainty around the depth and duration of the Covid-19 pandemic.
Pitney Bowes reported free cash flow of $85,000,000 for the third quarter 2020.