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.
必能宝股份有限公司(NYSE:PBI)股票价格上涨,此前公司就其成本合理化措施首阶段提供了更新。
The company has identified and implemented around $70 million in cost savings, with most of these savings realized in the second quarter.
公司已经识别并实施了约7000万美元的成本节约,其中大部分节约在第二季度实现。
Pitney Bowes expects non-recurring charges of about $25 million related to these efforts to be recorded in the second quarter.
必能宝预计,与这些努力相关的非常规费用约为2500万美元,并将在第二季度进行记录。
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.
成本降低预计主要反映在公司2024年下半年的税前收益中,并将在2025年全面实现,主要来自SendTech和Presort的费用降低。
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,管理层已经确定在未来几个月内实现效率的进一步机会,将初始目标的预期节约从6,000万美元至1亿美元提高为1.2亿美元至1.6亿美元。
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.
公司预计,这些额外的节约中的大部分将在2024年底之前实现,而一些计划将延伸到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,必能宝报告了每股亏损0.01美元的第一季度,超过了预期;收入为8.30509亿美元,超过了预期。
At that time, the company said it expected FY24 revenue growth to be flat to a low-single-digit decline and stable EBIT margins.
当时公司表示,预计2024年营业收入将保持平稳或略微下降,EBIT利润率保持稳定。
Investors can gain exposure to the stock via Invesco Exchange-Traded Self-Indexed Fund Trust Invesco Russell 2000 Dynamic Multifactor ETF (BATS:OMFS).
投资者可以通过景顺交易型自我指数基金托管的oppemheimer russell 2000 dynamic multifactor etf(BATS:OMFS)获得该股的曝光。
Price Action: PBI shares are up 13.6% at $5.77 at the last check Monday.
股票价格行情:截至上周一最后一次更新,PBI股价上涨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.
免责声明:本文部分内容使用了Benzinga Neuro的帮助。此内容是通过AI工具部分制作的,并由Benzinga编辑进行了审查和发布。