PBI Q1 net income up 64% to $58M on cost cuts; revenue down 3%; Presort margin falls 610bp

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~1 min read

Key Changes

• high

  Net income rose 64% to $58M from $35M as SG&A fell 20% to $133M from restructuring savings, offsetting a 3% revenue decline to $477M. Operating cash flow swung positive to $44M from negative $17M.

  MD&A: Financial Results verify on EDGAR →
• high

  Presort Services gross margin compressed 610bp to 35.1% from 41.2% as revenue fell 8% to $163M on 6% lower mail volumes and $3M higher transportation costs. Segment EBIT dropped 28% to $39M.

  MD&A: Presort Services verify on EDGAR →
• high

  Issued $150M additional Notes due March 2029 and increased revolving credit facility by $50M to $450M, providing liquidity ahead of March 2027 Notes maturity.

  MD&A: Liquidity verify on EDGAR →