Pitney Bowes Posts Earnings: Fool by Numbers

On Oct. 24, Pitney Bowes (NYSE: PBI  ) released earnings for its 2005 third quarter, which ended Sept. 30.

  • EPS of $0.62 includes $0.04 per stub in restructuring costs. Both revenue and EPS figures met Street estimates (excluding the restructuring costs).
  • Management said it repurchased 1 million common shares for $41 million during Q3. $300 million more could be spent on share repurchases over the next 12 to 24 months, continuing the company's tradition of returning cash to shareholders.

(Figures in thousands, except per-share data)

Income Statement Highlights(What's this?)

Avg. Est.

Q3 2005

Q3 2004

% Change

Sales

$1,350,000

$1,356,434

$1,217,522

+11.4%

Net Profit

--

$144,299

$136,516

+5.7%

EPS

$0.66

$0.62

$0.58

+6.9%



Margin Checkup (What's this?)

Q3 2005

Q3 2004

Change

Gross Margin

55.03%

55.30%

-0.27%

Op. Margin

20.08%

20.04%

+0.04%

Net Margin

10.64%

11.21%

-0.57%



Balance Sheet Highlights(What's this?)

Assets

Q3 2005

Q3 2004

% Change

Cash+ ST Invest.

$345,230

$350,280

-1.4%

Inventory

$228,708

$214,396

+6.7%

Accounts Rec.

$1,998,435

$1,851,141

+8%



Liabilities

Long-Term Debt

$3,351,732

$2,823,286

+18.7%

Accounts Pay.

$1,458,522

$1,320,799

+10.4%



Cash Flow Highlights(What's this?)

Q3 2005

Q3 2004

% Change

Cash From Ops

$432,599

$727,818

-40.6%

Capital Expend.

$215,446

$226,225

-4.8%

Free Cash Flow

$217,153

$501,593

-56.7%



Related Companies:

  • eBay (Nasdaq: EBAY  )
  • FedEx (NYSE: FDX  )
  • General Electric (NYSE: GE  )
  • Imagistics (NYSE: IGI  )
  • Stamps.com (Nasdaq: STMP  )
  • United Parcel Service (NYSE: UPS  )

Related Foolishness:

  • Investing success comes to those who build dividend dynasties.
  • Could Pitney Bowes' quiet spinoff create a big opportunity?
  • Just how far will rival Stamps.com go with its custom postage program?

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so checkFool.comfor more of our in-depth discussion of what the numbers mean.

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Fool contributorTim Beyersdidn't own shares in any of the companies mentioned in this story at the time of publication. You can find out what is in his portfolio by checking Tim's Foolprofile. Pitney Bowes is aMotley Fool Income Investorpick. eBay and FedEx areMotley Fool Stock Advisorpicks. The Motley Fool has an ironcladdisclosure policy.


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