Pitney Bowes Inc. ($PBI) reported its fourth-quarter earnings for 2024, revealing a revenue of $516 million, a 2% decline year-over-year. The company posted a GAAP loss per share of $0.21, which included a non-cash pension settlement charge of $0.37 per share and exit costs of $0.12 per share. However, adjusted earnings per share (EPS) improved to $0.32, reflecting a 60% increase from the previous year. The company also announced a $150 million stock buyback and a 50% increase in its dividend. Additionally, Pitney Bowes projected a midpoint EPS of $1.20 for the upcoming fiscal year, implying a price-to-earnings (P/E) ratio of 8x, indicating potential value given growth from its Presort and shipping segments, which are expected to offset weaknesses in SendTech. The earnings results surpassed analyst expectations, with the adjusted EPS beating estimates of $0.14 and sales exceeding the forecast of $509.65 million.