Pitney Bowes Inc. (NYSE:PBI) Q4 2023 Earnings Call Transcript

Peter Sakon: Thank you.

Operator: And I’ll hand the call back over to Mr. Dies for any closing comments.

Jason Dies: Yeah, look, I appreciate the questions. I just want to — reflecting on kind of a bunch of them, I want to make one final point. And that is, you should be walking away from this call clear that each of our BUs has growth potential, even as we drive efficiencies across the organization. And as Ana said, we’re going to make the changes needed to capitalize on that potential. We see a lot of opportunity in SendTech, specifically in the shipping business. We’re taking actions to pursue that. Presort is a market leader and as you heard continues to perform in a way that is above market and certainly above many expectations, although not mine. And GEC has proven that our domestic model can work. And we’re going to continue to take actions in the short term to drive that performance.

So with that, I think I will say thank you for your questions. As I mentioned at the outset, I am optimistic about what lies ahead for Pitney Bowes. We understand the challenges as well as the opportunities that we have in front of us. And as we look ahead to 2024, we’re going to continue to operate with intensity. And we’re going to continue to prioritize actions that support increased operational discipline. And importantly, also accelerate our shift in the targeted shipping growth path. So with that, I will close and we look forward to talking to you at the end of first quarter.

Operator: And ladies and gentlemen, that does conclude our call for today. Thanks for your participation and for using AT&T Teleconference. You may now disconnect.