Pitney Bowes reported a sharp turnaround in cash generation for the first quarter of 2026, with operating cash flow reaching $44.2 million compared with an outflow of $16.7 million a year earlier, and free cash flow improving to $43.5 million from a negative $20.5 million. The company reaffirmed its recently upgraded 2026 free cash flow guidance of $345 million to $380 million, supported by stronger working-capital management, improving profitability, and disciplined cost control. Adjusted EBIT rose 9% year over year to $130 million despite a 3% revenue decline, while adjusted EBIT margin expanded to 27.3% from 24.3%. The improved cash position enabled Pitney Bowes to repurchase 12.9 million shares for $136 million in the quarter, bringing year-to-date buybacks to $186 million through May 1, and the board approved a fifth dividend increase in six quarters, raising the quarterly payout to $0.10 per share.
Pitney Bowes IncPitney Bowes reported strong free cash flow, reaffirmed guidance, and increased buybacks and dividends.
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