| Pitney Bowes Inc. | |||||||||||||||
| Revenue and EBIT | |||||||||||||||
| Business Segments | |||||||||||||||
| March 31, 2014 | |||||||||||||||
|
(Unaudited) |
|||||||||||||||
| (Dollars in thousands) | Three Months Ended March 31, | ||||||||||||||
| % | |||||||||||||||
|
2014 |
2013 |
Change |
|||||||||||||
|
Revenue |
|||||||||||||||
| North America Mailing | $ | 381,027 | 388,836 | -2 | % | ||||||||||
| International Mailing | 153,268 | 152,976 | 0 | % | |||||||||||
| Small & Medium Business Solutions | 534,295 | 541,812 | -1 | % | |||||||||||
| Production Mail | 105,216 | 109,453 | -4 | % | |||||||||||
| Presort Services | 116,491 | 110,900 | 5 | % | |||||||||||
| Enterprise Business Solutions | 221,707 | 220,353 | 1 | % | |||||||||||
| Digital Commerce Solutions | 181,495 | 147,198 | 23 | % | |||||||||||
| Total revenue | $ | 937,497 | $ | 909,363 | 3 | % | |||||||||
|
EBIT (1) |
|||||||||||||||
| North America Mailing | $ | 160,338 | $ | 148,458 | 8 | % | |||||||||
| International Mailing | 24,819 | 17,390 | 43 | % | |||||||||||
| Small & Medium Business Solutions | 185,157 | 165,848 | 12 | % | |||||||||||
| Production Mail | 7,737 | 7,832 | -1 | % | |||||||||||
| Presort Services | 23,896 | 23,488 | 2 | % | |||||||||||
| Enterprise Business Solutions | 31,633 | 31,320 | 1 | % | |||||||||||
| Digital Commerce Solutions | 9,531 | (279 | ) | N/M | |||||||||||
| Total EBIT | $ | 226,321 | $ | 196,889 | 15 | % | |||||||||
| Unallocated amounts: | |||||||||||||||
| Interest, net (2) | (43,717 | ) | (48,010 | ) | |||||||||||
| Corporate and other expenses | (56,604 | ) | (41,893 | ) | |||||||||||
| Restructuring charges | (9,841 | ) | - | ||||||||||||
| Other expense, net | (61,657 | ) | (25,121 | ) | |||||||||||
| Income from continuing operations before income taxes | $ | 54,502 | $ | 81,865 | |||||||||||
| (1) | Earnings before interest and taxes (EBIT) excludes general corporate expenses and restructuring charges. | |
| (2) | Interest, net includes financing interest expense, other interest expense and interest income. | |
