Pitney Bowes reported first-quarter revenues of $477.4 million, down 3.2% year on year, making it the weakest performer among the eight industrial and environmental services stocks tracked. The result was in line with analysts' expectations, but the company significantly missed full-year EPS guidance estimates while full-year revenue guidance met expectations. In contrast, CECO Environmental delivered the strongest quarter with revenues of $205.9 million, up 16.5% year on year and beating estimates by 4.1%, and its full-year revenue guidance topped expectations. Other tracked companies included Vestis, Tetra Tech, and Driven Brands, with the group as a whole beating revenue estimates by 1.9% and next-quarter revenue guidance coming in 2.1% above consensus. Share prices across the group have risen 11.1% on average since the latest earnings results.
Pitney Bowes IncPitney Bowes reported Q1 revenues down 3.2% and significantly missed full-year EPS guidance estimates.
Driven Brands Holdings Inc
Vestis Corporation
CECO Environmental Corp.CECO Environmental delivered the strongest quarter with revenues up 16.5% and beating estimates, and full-year revenue guidance topped expectations.
Tetra Tech Inc