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Pitney Bowes (PBI) Q2-25 10-Q highlights

Total revenue fell 5.7% YoY to $461.9 m as lower Products (-16%) and Financing (-4%) outweighed a 2% gain in Presort Services. Despite the top-line contraction, cost controls and lower interest expense drove a sharp earnings swing: income from continuing operations reached $30.0 m vs. a $10.1 m loss in Q2-24, equal to diluted EPS of $0.17 (vs. -$0.06). Six-month EPS rose to $0.36.

Margins/segment mix

• Company gross margin expanded ~260 bp to 49.6% on service and financing cost reductions.
• Adjusted segment EBIT up 11% to $137.2 m; SendTech EBIT +5% to $101.3 m; Presort EBIT +33% to $35.9 m.
• Restructuring charges fell to $13.8 m from $30.4 m.

Cash & balance sheet

• Operating cash flow YTD improved to $94.7 m (vs. $78.9 m).
• Cash fell to $285 m from $470 m at 12/24, mainly from $90 m share repurchases, $24 m debt-refinancing costs and $23.6 m dividends.
• Long-term debt edged higher to $1.88 bn; net debt increased given lower cash.
• Stockholdersâ€� deficit narrowed to $-537 m (vs. -$578 m) on FX gains and OCI improvements.

Strategic & accounting items

• Global Ecommerce wind-down completed; no discontinued-ops loss in 2025 (Q2-24 loss $14.7 m).
• $4 m revenue overstatement corrected in Q1-25; deemed immaterial.

Outlook signals: Future performance obligations in SendTech total $676 m, suggesting multi-year service visibility, but revenue pressure in Products remains a headwind. Upcoming FASB expense-disaggregation rules (effective 2026) will expand disclosures but no impact forecast.

AlTi Global (ALTI) Form 4/A amends the 16 Jun 2025 filing for director Ali Bouzarif.

• On 13 Jun 2025 he received 22,312 restricted stock units (RSUs) that convert 1-for-1 into Class A shares and vest no later than 30 Jun 2025.
• Direct ownership after the grant: 53,787 shares.
• Indirect ownership via MERCYAH B.V.: 748,298 shares (Bouzarif controls the entity but disclaims beneficial ownership beyond his pecuniary interest).
• Total reported beneficial stake is now â‰�802 k shares.

The filing carries transaction code “M�, indicating settlement of a derivative (the RSU grant). No shares were sold and no cash changed hands. The amendment corrects an administrative error in the prior Form 4; economic impact to AlTi Global is immaterial, but the update confirms substantial insider alignment and highlights the importance of accurate Section 16 reporting.

Middlesex Water Company (NASDAQ: MSEX) filed a Rule 424(b)(5) prospectus supplement dated 29 Jul 2025 to continue its direct share purchase, sale and dividend reinvestment program (the “Investment Planâ€�). The filing registers the remaining 712,353 unsold shares of common stock previously registered on Form S-3 (File No. 333-266482) and shifts them to the new shelf registration (File No. 333-287177) dated 12 May 2025. Shares may be issued directly by the company or purchased in the open market; any proceeds provide a flexible, low-cost source of equity capital.

The Plan allows first-time investors to start with $500â€�$10,000 (or $25 monthly ACH) and existing holders to reinvest dividends or make optional cash purchases up to $25,000 per quarter. Plan shares may occasionally be offered at a discount at the company’s discretion, though no specific discount is currently set. Key risks highlighted include share-price volatility between order and execution, potential tax liabilities on reinvested dividends, and the possibility that dividends may be reduced or suspended. The company’s last reported market price was $51.52 on 28 Jul 2025; no proceeds estimate, use-of-funds detail or earnings data are provided in this supplement.

MYT Netherlands Parent B.V. (NYSE: MYTE) � Form 144 filing discloses additional insider share sales by CEO Michael Kliger.

• Proposed sale: 274,174 common shares (â‰�0.20 % of the 136.4 m shares outstanding) through Morgan Stanley; estimated value $2.26 m; anticipated sale date 28 Jul 2025 on the NYSE.
• Source of shares: 182,216 shares granted via Phantom Award (20 Jan 2021) and 91,958 RSUs vested 30 Jun 2025.
• Prior 3-month activity: Kliger sold about 989,862 shares for total gross proceeds near $8 m under a Rule 10b5-1 program.

The filer certifies no undisclosed adverse information and relies on a pre-arranged trading plan. No operating or earnings data are provided.

On 07/23/2025, Pitney Bowes (PBI) VP & Chief Accounting Officer Lauren Thomas DeFina filed a Form 4 reporting the sale of 2,000 common shares at $13.62 per share. The transaction was executed through a Rule 10b5-1 trading plan adopted on 03/10/2025 during an open trading window. After the sale, DeFina’s direct ownership fell to 621 shares; no derivative securities were reported.

The divestiture represents an immaterial ~0.001 % of Pitney Bowes� outstanding shares and does not meaningfully change insider ownership levels. Given its small size and pre-scheduled nature, the filing is considered routine, though investors may track it alongside broader insider-trading patterns.

EastGroup Properties (EGP) Q2-25 10-Q highlights: Rental revenues rose 11.5% YoY to $177.3 m and six-month revenues climbed 12.3% to $351.7 m. Net income for the quarter increased 14.5% to $63.3 m ($1.20 diluted EPS), while year-to-date EPS of $2.35 was essentially flat because the prior-year period included an $8.8 m property-sale gain. Same-property NOI advanced 5.9% YTD. New and renewal leases achieved +45.8% cash rent spreads, reflecting strong industrial demand.

The operating portfolio was 97.1% leased and 96.0% occupied at 30-Jun; only 4.6% of annualised base rent expires in 2H-25. Operating cash flow increased 15.6% to $277.1 m and funded $207.9 m of development, improvements and land purchases. Unsecured borrowings fell to $1.46 bn after repayment of a $50 m loan and refinancing of a $100 m term loan at an effective 4.97% rate; Moody’s affirmed the Baa2 rating and lifted the outlook to positive.

Equity issuance provided $148 m YTD and a further $117 m post-quarter, supporting an 18-project (3.7 m sq ft) development pipeline that is 16% pre-leased and budgeted at $531 m. Quarterly dividends of $1.40/sh were declared. Comprehensive income was trimmed by an $11.1 m unrealised loss on interest-rate swaps. Subsequent events include the $61.4 m purchase of two Raleigh distribution buildings (318 k sq ft) and an $8.5 m Orlando land acquisition (37 acres).

Pitney Bowes Inc. (NYSE: PBI) â€� Form 144 filed for proposed insider sale

The notice, dated 07/14/2025, covers a planned sale of 5,000 common shares with an aggregate market value of $55,050. The transaction will be executed through Morgan Stanley Smith Barney on the NYSE. The shares equal roughly 0.003 % of Pitney Bowesâ€� 181,253,371 shares outstanding.

All shares were acquired as restricted stock units on 02/09/2021. The filer—identified in prior 10b5-1 disclosures as Lauren Thomas Defina—has already sold 4,000 shares over the last three months:

• 2,000 shares on 07/03/2025 for $23,000
• 2,000 shares on 06/26/2025 for $22,000

The signer certifies no knowledge of undisclosed adverse information and, if relying on Rule 10b5-1, affirms an existing trading plan. Given the modest size relative to float, the sale is expected to have minimal impact on liquidity or fundamentals, though investors may note the continuation of insider selling activity.