Pitney Bowes Sees $60 Million to $80 Million SendTech Headwind in 2027

Pitney Bowes expects the loss of a noncore contract to leave its SendTech business with about $60 million to $80 million in lost revenue in 2027. Costs left behind after the contract ends are expected to weigh on margins. The company expects SendTech to grow in 2027 without the contract loss. Pitney Bowes is also aiming for profitable revenue growth by the end of 2028. Pitney Bowes' third-quarter results improved year over year in earnings per share, adjusted EBIT and adjusted free cash flow, despite higher investment in growth.

Source: TokenPost