| Pitney Bowes Inc. | |||||||||||
| Revenue and EBIT | |||||||||||
| Business Segments | |||||||||||
| March 31, 2015 | |||||||||||
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(Unaudited) |
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| (Dollars in thousands) | Three Months Ended March 31, | ||||||||||
| % | |||||||||||
| 2015 | 2014 | Change | |||||||||
|
Revenue |
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| North America Mailing | $ | 361,874 | $ | 381,027 | (5 | %) | |||||
| International Mailing | 116,173 | 153,268 | (24 | %) | |||||||
| Small & Medium Business Solutions | 478,047 | 534,295 | (11 | %) | |||||||
| Production Mail | 99,503 | 105,216 | (5 | %) | |||||||
| Presort Services | 121,531 | 116,491 | 4 | % | |||||||
| Enterprise Business Solutions | 221,034 | 221,707 | - | ||||||||
| Digital Commerce Solutions | 191,600 | 181,495 | 6 | % | |||||||
| Total revenue | $ | 890,681 | $ | 937,497 | (5 | %) | |||||
|
EBIT (1) |
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| North America Mailing | $ | 163,665 | $ | 160,338 | 2 | % | |||||
| International Mailing | 11,724 | 24,819 | (53 | %) | |||||||
| Small & Medium Business Solutions | 175,389 | 185,157 | (5 | %) | |||||||
| Production Mail | 9,032 | 7,737 | 17 | % | |||||||
| Presort Services | 27,494 | 23,896 | 15 | % | |||||||
| Enterprise Business Solutions | 36,526 | 31,633 | 15 | % | |||||||
| Digital Commerce Solutions | 15,895 | 9,531 | 67 | % | |||||||
| Total EBIT | $ | 227,810 | $ | 226,321 | 1 | % | |||||
| Unallocated amounts: | |||||||||||
| Interest, net (2) | (42,834 | ) | (43,717 | ) | |||||||
| Corporate and other expenses | (49,461 | ) | (56,604 | ) | |||||||
| Restructuring charges, net | 81 | (9,841 | ) | ||||||||
| Other expense, net | - | (61,657 | ) | ||||||||
| Income from continuing operations before income taxes | $ | 135,596 | $ | 54,502 | |||||||
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(1) Earnings before interest and taxes (EBIT) excludes general corporate expenses and restructuring charges, net. |
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(2) Interest, net includes financing interest expense, other interest expense and interest income. |
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Pitney Bowes Announces First Quarter 2015 Financial Results
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