Company’s Board Will Evaluate Existing Value Creation Plan Relative to a Full Spectrum of Strategic Alternatives

SHELTON, Conn.--(BUSINESS WIRE)--Jun. 30, 2026-- Pitney Bowes Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”), a technology-driven company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world, today announced that it is initiating the second phase of its strategic review process. This phase will involve the Company’s Board of Directors (the "Board") and its newly formed Strategic Review Committee (the “Committee”) working with independent advisors to assess leadership's existing value creation plan relative to a full range of strategic alternatives, including acquisitions, divestitures, partnerships, and a full sale. The Committee is comprised of the Board’s independent members.

Brent Rosenthal, Independent Chair of the Board, commented:

"After completing a top-to-bottom assessment of the organization that we believe will continue driving improvements, we are proceeding to the planned second phase of the Company’s strategic review. We intend to fulfill our prior commitment to rigorously evaluate a full spectrum of strategic alternatives. To accomplish this, we will leverage the Board's significant experience in capital allocation, public and private investments, and transactions. We will also draw on the independent insight and resources of highly qualified outside advisors."

Mr. Rosenthal added:

"It is important to highlight that CEO Kurt Wolf and our terrific 6,000+ team members have put Pitney Bowes on a strong, value-generating trajectory. Since Kurt and other new leaders stepped into their roles, we have made significant progress on our transformation and increased momentum throughout the organization. The results have included a strengthened balance sheet, significantly improved cash flow and earnings, enhanced financial flexibility, and stronger returns for all of our investors. Given these factors, we are going to be disciplined when contemplating any shifts in strategy or considering any transactions during the coming months. Pitney Bowes is operating from a position of strength."

Pitney Bowes has not set a definitive timetable or deadline for completing the second phase of its strategic review. The Company does not intend to make additional statements regarding this phase unless the Board determines further communication is appropriate or necessary.

There can be no assurance that the strategic review will result in any change in strategy or a transaction. In the meantime, management will remain focused on executing and implementing its existing strategy and value creation plan.

The Board has selected BofA Securities and Goldman Sachs & Co. LLC as its financial advisors and Sullivan & Cromwell as its legal advisor.

About Pitney Bowes

Pitney Bowes (NYSE: PBI) is a technology-driven company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world – including more than 90 percent of the Fortune 500. Small businesses to large enterprises, and government entities rely on Pitney Bowes to reduce the complexity of sending mail and parcels. For the latest news, corporate announcements, and financial results, visit www.pitneybowes.com/us/newsroom. For additional information, visit Pitney Bowes at www.pitneybowes.com.

Forward-Looking Statements

This document contains “forward-looking statements” about the Company’s expected or potential future business and financial performance, including, but not limited to, statements about our expectations and intentions regarding the Company’s financial planning and deleveraging activities. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from those projected. Factors which could cause future financial performance to differ materially from expectations include, without limitation, changes in postal regulations or the operations and financial health of posts in the U.S. or other major markets or changes to the broader postal or shipping markets; accelerated or sudden decline in physical mail volumes; inability to compete effectively with our Sending Technology Solutions competitors; changes in trade policies, tariffs and regulations; the loss of some of Pitney Bowes’ larger clients in the Presort Services segment; global supply chain issues adversely impacting our third party suppliers’ ability to provide us products and services; periods of difficult economic conditions, the impacts of inflation and rising prices, higher interest rates and a slow-down in economic activity, including a global recession, or a U.S. government shutdown, to the Company and our clients; changes in foreign currency exchange rates; changes in labor and transportation availability and costs; inability to successfully execute on our strategic initiatives; and other factors as more fully outlined in the Company's 2025 Form 10-K/A Annual Report and other reports filed with the Securities and Exchange Commission during 2026. Pitney Bowes assumes no obligation to update any forward-looking statements contained in this document as a result of new information, events, or developments.

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For Investors and Press:
Alex Brown
investorrelations@pb.com

Source: Pitney Bowes Inc.