Pitney Bowes Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 16.68 million compared to USD 16.45 million a year ago. Revenue was USD 871.58 million compared to USD 908.69 million a year ago. Net loss was USD 223.84 million compared to net income of USD 6.3 million a year ago. Basic loss per share from continuing operations was USD 1.27 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 1.27 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.
For the full year, sales was USD 67.9 million compared to USD 66.26 million a year ago. Revenue was USD 3,266.35 million compared to USD 3,538.04 million a year ago. Net loss was USD 385.63 million compared to net income of USD 36.94 million a year ago. Basic loss per share from continuing operations was USD 2.2 compared to basic earnings per share from continuing operations of USD 0.21 a year ago. Diluted loss per share from continuing operations was USD 2.2 compared to diluted earnings per share from continuing operations of USD 0.21 a year ago.