v3.26.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Reconciliation of Revenue from Segments to Consolidated Statements The following tables provide information about our reportable segments and a reconciliation of adjusted segment EBIT to income or loss before taxes.
Revenue
Three Months Ended March 31,
20262025
SendTech Solutions$313,947 $315,606 
Presort Services163,466 177,814 
Total revenue$477,413 $493,420 


Three Months Ended March 31,
20262025
SendTech Solutions
Revenue$313,947 $315,606 
Less:
Cost of revenue102,027 106,030 
Operating expenses
98,390 112,549 
Adjusted segment EBIT$113,530 $97,027 
Presort Services
Revenue$163,466 $177,814 
Less:
Cost of revenue
106,020 104,635 
Operating expenses
18,268 18,400 
Adjusted segment EBIT$39,178 $54,779 
Schedule of Reconciliation of EBIT From Segments to Consolidated Statements
Adjusted Segment EBIT
Three Months Ended March 31,
20262025
SendTech Solutions$113,530 $97,027 
Presort Services39,178 54,779 
Total adjusted segment EBIT152,708 151,806 
Reconciliation of adjusted segment EBIT to income or loss before taxes: 
Interest expense, net(35,575)(37,885)
Corporate expenses
(22,331)(32,117)
Restructuring charges
(5,112)(1,400)
Loss on debt redemption/refinancing (24,646)
Foreign currency gain (loss) on intercompany loans4,882 (7,595)
Charge in connection with Ecommerce Restructuring
 459 
Pension expense of plans to be terminated
(7,554)— 
Transaction and Strategic review costs(6,544)(1,890)
Income before taxes$80,474 $46,732