By Connor Hart
Pitney Bowes has kicked off the second phase of its review, working with independent advisers to assess the company's current growth plans and consider a range of strategic alternatives.
The company said Tuesday it is exploring options including acquisitions, divestitures, partnerships and a full sale.
Pitney noted that it hasn't set a definitive timetable to complete the second phase of its review and said it isn't certain the review will result in any change in strategy or transactions.
The second phase of the review comes after Pitney completed what Chair Brent Rosenthal called a top-to-bottom assessment of the organization that has increased momentum throughout the business.
"The results have included a strengthened balance sheet, significantly improved cash flow and earnings, enhanced financial flexibility, and stronger returns for all of our investors," he said. "Given these factors, we are going to be disciplined when contemplating any shifts in strategy or considering any transactions during the coming months."
Pitney said it doesn't intend to make additional statements regarding the review unless the board determines further communication is appropriate or necessary.
Write to Connor Hart at connor.hart@wsj.com