Pitney Bowes Announces Second Quarter 2020 Financial Results

The Sending Technology Solutions segment offers physical and digital mailing and shipping technology solutions, financing, services, supplies and other applications for small and medium businesses to help simplify and save on the sending, tracking and receiving of letters, parcels and flats.

The sum of the segment results may not equal the totals due to rounding.

 

Commerce Services

 

 

Second Quarter

($ millions)

 

2020

 

2019

 

Y/Y
Reported

 

Y/Y Ex
Currency

Revenue

 

 

 

 

 

 

 

 

Global Ecommerce

 

$398

 

$282

 

41%

 

41%

Presort Services

 

118

 

128

 

(8%)

 

(8%)

Commerce Services

 

$517

 

$410

 

26%

 

26%

 

 

 

 

 

 

 

 

 

EBITDA

 

 

 

 

 

 

 

 

Global Ecommerce

 

($2)

 

$1

 

>(100%)

 

 

Presort Services

 

20

 

23

 

(9%)

 

 

Commerce Services

 

$19

 

$24

 

(21%)

 

 

 

 

 

 

 

 

 

 

 

EBIT

 

 

 

 

 

 

 

 

Global Ecommerce

 

($19)

 

($16)

 

(21%)

 

 

Presort Services

 

13

 

15

 

(19%)

 

 

Commerce Services

 

($6)

 

-

 

>(100%)

 

 


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