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EX - 99.1 2 a52469839ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 Pitney Bowes Announces Second Quarter 2021 Financial Results STAMFORD , Conn .-- ( BUSINESS WIRE ) -- August 3 , 2021 -- Pitney Bowes Inc. ( NYSE : PBI ) , a global technology company that provides commerce solutions in the areas of ecommerce , shipping , mailing and financial services , today announced its financial results for the second quarter 2021 . " We delivered a solid second quarter and first half of the year , " said Marc B. Lautenbach , President and CEO , Pitney Bowes . " Once again , each business made a positive contribution to the quarter . Importantly , Global Ecommerce made significant progress and was EBITDA positive in the quarter putting this business on - track to our commitment of EBITDA positive for the full year . SendTech and Presort Services also grew revenue and profit over prior year . We are well - positioned to reach our goal of achieving improved profitable revenue growth . " Second Quarter 2021 • Revenue of $ 899 million , growth of 7 percent on a reported basis and 6 percent excluding the impact of currency GAAP EPS and Adjusted EPS of $ 0.11 EPS reflects a $ 0.03 tax benefit associated with a UK tax legislation change GAAP cash from operations of $ 79 million ; free cash flow of $ 87 million Global Ecommerce EBIT margin improved by over 200 basis points compared to prior year ; EBITDA was positive . Presort grew revenue and EBIT margin over prior year . SendTech grew revenue ; EBIT grew over prior year for the third consecutive quarter .