| Pitney Bowes Inc. | |||||||||||
| Revenue and EBIT | |||||||||||
| Business Segments | |||||||||||
| December 31, 2012 | |||||||||||
|
(Unaudited) |
|||||||||||
| (Dollars in thousands) | Three Months Ended December 31, | ||||||||||
| % | |||||||||||
| 2012 | 2011 | Change | |||||||||
|
Revenue |
|||||||||||
| North America Mailing | $ | 456,243 | $ | 482,843 | (6 | %) | |||||
| International Mailing | 187,973 | 182,928 | 3 | % | |||||||
| Small & Medium Business Solutions | 644,216 | 665,771 | (3 | %) | |||||||
| Production Mail | 151,775 | 161,888 | (6 | %) | |||||||
| Software | 104,550 | 102,481 | 2 | % | |||||||
| Management Services | 241,880 | 231,378 | 5 | % | |||||||
| Mail Services | 112,690 | 109,849 | 3 | % | |||||||
| Marketing Services | 32,196 | 33,788 | (5 | %) | |||||||
| Enterprise Business Solutions | 643,091 | 639,384 | 1 | % | |||||||
| Total revenue | $ | 1,287,307 | $ | 1,305,155 | (1 | %) | |||||
|
EBIT (1) |
|||||||||||
| North America Mailing | $ | 173,690 | $ | 195,272 | (11 | %) | |||||
| International Mailing | 25,939 | 23,568 | 10 | % | |||||||
| Small & Medium Business Solutions | 199,629 | 218,840 | (9 | %) | |||||||
| Production Mail | 13,716 | 19,591 | (30 | %) | |||||||
| Software | 17,823 | 6,564 | 172 | % | |||||||
| Management Services | 19,012 | 17,065 | 11 | % | |||||||
| Mail Services | 19,841 | 34,651 | (43 | %) | |||||||
| Marketing Services | 6,444 | 6,516 | (1 | %) | |||||||
| Enterprise Business Solutions | 76,836 | 84,387 | (9 | %) | |||||||
| Total EBIT | $ | 276,465 | $ | 303,227 | (9 | %) | |||||
| Unallocated amounts: | |||||||||||
| Interest, net (2) | (45,533 | ) | (49,047 | ) | |||||||
| Corporate and other expenses | (60,873 | ) | (62,594 | ) | |||||||
| Restructuring and asset impairments | (22,291 | ) | (84,087 | ) | |||||||
| Goodwill impairment | - | (84,500 | ) | ||||||||
| Income from continuing operations before income taxes | $ | 147,768 | $ | 22,999 | |||||||
| (1) | Earnings before interest and taxes (EBIT) excludes general corporate expenses, restructuring charges and asset impairments and goodwill impairment. | |
| (2) | Interest, net includes financing interest expense, other interest expense and interest income. | |
