Why Pitney Bowes Shares Are Shooting Higher Today
Why Pitney Bowes Shares Are Shooting Higher Today
Pitney Bowes Inc. (NYSE:PBI) shares are trading higher after the company provided an update on the first phase of its cost rationalization initiative, initially announced in late May 2024.
必能寶股份有限公司（NYSE：PBI）股票價格上漲，此前公司就其成本合理化措施首階段提供了更新。
The company has identified and implemented around $70 million in cost savings, with most of these savings realized in the second quarter.
公司已經識別並實施了約7000萬美元的成本節約，其中大部分節約在第二季度實現。
Pitney Bowes expects non-recurring charges of about $25 million related to these efforts to be recorded in the second quarter.
必能寶預計，與這些努力相關的非常規費用約爲2500萬美元，並將在第二季度進行記錄。
The cost reductions are expected to be mostly reflected in the company's pre-tax earnings for the second half of 2024 and fully realized in 2025, primarily from expense reductions in SendTech and Presort.
成本降低預計主要反映在公司2024年下半年的稅前收益中，並將在2025年全面實現，主要來自SendTech和Presort的費用降低。
Additionally, management has identified further opportunities to achieve efficiencies in the coming months, increasing the expected savings from an initial target of $60 million-$100 million to $120 million-$160 million.
此外，管理層已經確定在未來幾個月內實現效率的進一步機會，將初始目標的預期節約從6,000萬美元至1億美元提高爲1.2億美元至1.6億美元。
The company anticipates that a substantial portion of these additional savings will be realized by the end of 2024, while some initiatives will extend into 2025.
公司預計，這些額外的節約中的大部分將在2024年底之前實現，而一些計劃將延伸到2025年。
In May, Pitney Bowes reported a first-quarter loss per share of $0.01, beating estimates; revenues stand at $830.509 million, surpassing expectations.
今年五月，必能寶報告了每股虧損0.01美元的第一季度，超過了預期；收入爲8.30509億美元，超過了預期。
At that time, the company said it expected FY24 revenue growth to be flat to a low-single-digit decline and stable EBIT margins.
當時公司表示，預計2024年營業收入將保持平穩或略微下降，EBIT利潤率保持穩定。
Investors can gain exposure to the stock via Invesco Exchange-Traded Self-Indexed Fund Trust Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS).
投資者可以通過景順交易型自我指數基金託管的oppemheimer russell 2000 dynamic multifactor etf（BATS：OMFS）獲得該股的曝光。
Price Action: PBI shares are up 13.6% at $5.77 at the last check Monday.
股票價格行情：截至上週一最後一次更新，PBI股價上漲13.6％至5.77美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
譯文內容由第三人軟體翻譯。