Pitney Bowes Announces Full Year and Fourth Quarter 2017 Financial Results

The Company’s earnings per share results for the fourth quarter and full year are summarized in the table below:

      Fourth Quarter*       Full Year*
        2017     2016       2017     2016
GAAP EPS $0.48     ($0.45)       $1.39     $0.49
Discontinued operations - loss       -     -       -     $0.01
GAAP EPS from continuing operations $0.48 ($0.45) $1.39 $0.51
Tax Legislation ($0.21) - ($0.21) -
Restructuring charges and asset impairments, net $0.10 $0.05 $0.21 $0.22
Transaction costs $0.01 - $0.03 -
Loss on extinguishment of debt $0.01 - $0.01 -
Gain on sale of technology - - ($0.03) -
Goodwill impairment charge - $0.90 - $0.89
Preferred stock redemption - $0.01 - $0.03
Impact of divestiture transactions       -     $0.01       -     $0.02
Adjusted EPS $0.40 $0.53 $1.41 $1.68
 

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