|
Pitney Bowes Inc. |
||||||||||||
| Revenue and EBIT | ||||||||||||
| Business Segments | ||||||||||||
| December 31, 2014 | ||||||||||||
|
(Unaudited) |
||||||||||||
| (Dollars in thousands) | Three Months Ended December 31, | |||||||||||
| % | ||||||||||||
| 2014 | 2013 | Change | ||||||||||
|
Revenue |
||||||||||||
| North America Mailing | $ | 376,420 |
$ |
392,867 | (4 | %) | ||||||
| International Mailing | 133,621 | 157,917 | (15 | %) | ||||||||
| Small & Medium Business Solutions | 510,041 | 550,784 | (7 | %) | ||||||||
| Production Mail | 131,730 | 151,192 | (13 | %) | ||||||||
| Presort Services | 117,351 | 107,515 | 9 | % | ||||||||
| Enterprise Business Solutions | 249,081 | 258,707 | (4 | %) | ||||||||
| Digital Commerce Solutions | 224,791 | 201,330 | 12 | % | ||||||||
| Total revenue | $ | 983,913 | $ | 1,010,821 | (3 | %) | ||||||
|
EBIT (1) |
||||||||||||
| North America Mailing | $ | 165,764 | $ | 176,162 | (6 | %) | ||||||
| International Mailing | 21,363 | 18,424 | 16 | % | ||||||||
| Small & Medium Business Solutions | 187,127 | 194,586 | (4 | %) | ||||||||
| Production Mail | 19,678 | 20,761 | (5 | %) | ||||||||
| Presort Services | 29,995 | 18,127 | 65 | % | ||||||||
| Enterprise Business Solutions | 49,673 | 38,888 | 28 | % | ||||||||
| Digital Commerce Solutions | 31,731 | 26,808 | 18 | % | ||||||||
| Total EBIT | $ | 268,531 | $ | 260,282 | 3 | % | ||||||
| Unallocated amounts: | ||||||||||||
| Interest, net (2) | (42,013 | ) | (44,462 | ) | ||||||||
| Corporate and other expenses | (67,944 | ) | (72,242 | ) | ||||||||
| Restructuring charges & asset impairments | (61,894 | ) | (30,404 | ) | ||||||||
| Other expense, net | - | (7,518 | ) | |||||||||
| Income from continuing operations before income taxes | $ | 96,680 | $ | 105,656 | ||||||||
| (1) | Earnings before interest and taxes (EBIT) excludes general corporate expenses and restructuring charges & asset impairments. |
| (2) | Interest, net includes financing interest expense, other interest expense and interest income. |
