|
North America Mailing |
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| 2Q 2012 | Y-O-Y Change | Change ex Currency | |||||||
| Revenue | $453 million | (8%) | (8%) | ||||||
| EBIT | $168 million | (5%) | |||||||
During the quarter, the North America Mailing segment continued to increase placements of the Connect+™ mailing system, as well as improved retention rates among existing customers. Revenue was adversely impacted by lower rentals and financing revenue as a result of lower equipment sales in prior periods; however, rentals revenue declined at a slower rate than it did the previous year. Supplies revenue declined in part because of lower sales of third-party supplies for copiers and printers. EBIT margin for the segment improved by 140 basis points versus the prior year, which was the eighth consecutive quarter of year-over-year improvement due to ongoing productivity initiatives.
|
International Mailing |
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| 2Q 2012 | Y-O-Y Change | Change ex Currency | |||||||
| Revenue | $165 million | (6%) | 1% | ||||||
| EBIT | $22 million | (19%) | |||||||
