| Pitney Bowes Inc. | |||||||||||
| Revenue and EBIT | |||||||||||
| Business Segments | |||||||||||
| June 30, 2014 | |||||||||||
|
(Unaudited) |
|||||||||||
| (Dollars in thousands) | Three Months Ended June 30, | ||||||||||
| % | |||||||||||
| 2014 | 2013 |
Change |
|||||||||
|
Revenue |
|||||||||||
| North America Mailing | $ | 371,194 | 392,197 | (5 | %) | ||||||
| International Mailing | 153,260 | 150,357 | 2 | % | |||||||
| Small & Medium Business Solutions | 524,454 | 542,554 | (3 | %) | |||||||
| Production Mail | 111,756 | 134,422 | (17 | %) | |||||||
| Presort Services | 111,281 | 106,961 | 4 | % | |||||||
| Enterprise Business Solutions | 223,037 | 241,383 | (8 | %) | |||||||
| Digital Commerce Solutions | 210,959 | 166,725 | 27 | % | |||||||
| Total revenue | $ | 958,450 | $ | 950,662 | 1 | % | |||||
|
EBIT (1) |
|||||||||||
| North America Mailing | $ | 156,781 | $ | 157,518 | - | ||||||
| International Mailing | 26,449 | 20,075 | 32 | % | |||||||
| Small & Medium Business Solutions | 183,230 | 177,593 | 3 | % | |||||||
| Production Mail | 10,558 | 15,787 | (33 | %) | |||||||
| Presort Services | 22,412 | 21,246 | 5 | % | |||||||
| Enterprise Business Solutions | 32,970 | 37,033 | (11 | %) | |||||||
| Digital Commerce Solutions | 17,929 | 15,363 | 17 | % | |||||||
| Total EBIT | $ | 234,129 | $ | 229,989 | 2 | % | |||||
| Unallocated amounts: | |||||||||||
| Interest, net (2) | (41,895 | ) | (48,996 | ) | |||||||
| Corporate and other expenses | (45,458 | ) | (53,129 | ) | |||||||
| Restructuring charges | (8,299 | ) | (19,031 | ) | |||||||
| Income from continuing operations before income taxes | $ | 138,477 | $ | 108,833 | |||||||
| (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. | |
