On May 13, 2013, the board of directors of Pitney Bowes Inc. adopted amended and restated by-laws of the company. The amended and restated by-laws became effective immediately upon their adoption by the board.

Pitney Bowes Inc. announced that Abby F. Kohnstamm is joining the company as Executive Vice President and Chief Marketing Officer reporting to President and Chief Executive Officer Marc B. Lautenbach effective June 17, 2013. She has also been elected an Officer of the company. Kohnstamm is a globally recognized marketing leader who served as Chief Marketing Officer of IBM Corporation for over 12 years. Before joining IBM, she held a number of senior marketing positions at American Express from 1979 through 1993. Kohnstamm is currently president and founder of Abby F. Kohnstamm & Associates Inc.

Pitney Bowes Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue of $1,166,956,000 compared to $1,220,136,000 a year ago. Income from continuing operations before income taxes was $101,711,000 compared to $161,029,000 a year ago. Income from continuing operations was $74,162,000 compared to $145,536,000 a year ago. Net income from continuing operations attributable to common stockholders was $69,568,000 or $0.34 per diluted share compared to $140,942,000 or $0.70 per diluted share a year ago. Net income attributable to common stockholders was $67,506,000 or $0.33 per diluted share compared to $158,670,000 or $0.79 per diluted share a year ago. Total EBIT was $214,079,000 compared to $264,016,000 a year ago. Income from continuing operations after income taxes, as adjusted was $84,893,000 compared to $128,056,000 a year ago. Diluted earnings per share from continuing operations, as adjusted were $0.42 compared to $0.64 a year ago. GAAP net cash provided by operating activities, as reported was $132,160,000 compared to $71,380,000 a year ago. Capital expenditures were $38,839,000 compared to $50,029,000 a year ago. Free cash flow, as adjusted was $107,390,000 compared to $186,155,000 a year ago. Income from continuing operations, as adjusted was $126,832,000 compared to $164,844,000 a year ago. Adjusted EBIT was $175,698,000 compared to $213,617,000 a year ago. Adjusted EBITDA was $232,925,000 compared to $277,987,000 a year ago. First quarter 2013 GAAP earnings per diluted share were reduced by $0.08 due to costs associated with the retirement of approximately $405 million of debt originally scheduled to mature between 2014 and 2016. The company still expects 2013 revenue, excluding the impacts of currency, to be in the range of flat to 3% growth when compared to 2012, and continues to expect adjusted earnings per diluted share to be in the range of $1.85 to $2.00. The company also continues to expect free cash flow to be in the range of $600 million to $700 million. The company is updating its 2013 annual guidance for GAAP earnings per diluted share from continuing operations to reflect the first quarter charge of $0.08 per diluted share related to costs associated with the recent debt tender. The company now expects GAAP earnings per diluted share from continuing operations to be in the range of $1.77 to $1.92. This guidance excludes any further actions that are planned or under consideration by the company to streamline its operations and further reduce its cost structure. The company expects that it will make continued investments in its growth initiatives that will result in higher expenses in the first half of the year, but are anticipated to lead to greater revenue and margin contribution beginning in the second half of the year. Additionally, it is expected that the decline in recurring revenue streams will continue to moderate and will have less of an impact on revenue and earnings in the second half of the year. The company expects interest expense to increase approximately $10 million, or $0.03 per diluted share, related to the interest rate differential between the company's recent $425 million debt issuance and the debt tendered.