Pitney Bowes Inc. (NYSE:PBI) is looking for acquisitions. During the company?s third quarter 2023 earnings conference call, Ms. Ana Maria Chadwick, Executive Vice President and Chief Financial Officer said that ?Yes. So, taking a step back at capital structure, our #1 priority continues to be reinvesting in our business.

You have seen a decrease in our CapEx and our capital expenditures and it's been significant. The main driver there has been the fact that we're not expanding capacity in global e-commerce, but we are definitely investing in SendTech and Presort as we've used to and also in optimization. So that's point number one.

Point number two is we will continue to look at acquisitions, of course, very selectively. As an example, the ones that come to mind that we're always looking at are around the Presort space, which tend to be very accretive to our EBITDA immediately because we put them into our network?.