Pitney Bowes(US:PBI)2021-02-02 14:20Full Year 2020 Results - The company's revenue was $3.6 billion, an 11% increase compared to the previous year[12] - The GAAP EPS loss was $1.06, while the adjusted EPS was $0.30[12] - GAAP Cash from Operations reached $298 million and Free Cash Flow was $279 million[12] - The company's cash and short-term investments amounted to $940 million, and debt was reduced by $175 million[12] - Shipping-related revenues accounted for 50% of the total revenue[13,19] - Global Ecommerce revenue reached $1.6 billion, a 41% increase[13,17] Fourth Quarter 2020 Results - Revenue was $1.0 billion, a 24% increase compared to the previous year, or 23% on a constant currency basis[27] - GAAP EPS was $0.11, and adjusted EPS was $0.13, which included $0.03 in tax benefits[27] - GAAP Cash from Operations was $111 million, and Free Cash Flow was $97 million, with a debt reduction of $31 million[27] - Shipping-related revenues accounted for 54% of total revenue[28,35] - Global Ecommerce revenue exceeded $500 million for the first time, a 60% increase[28,33] 2021 Expectations - The company anticipates revenue growth in the low-to-mid single digit range[44] - Adjusted EPS is expected to grow compared to the previous year[44] - Free cash flow is expected to be lower due to changes in working capital items[44]