| Pitney Bowes Inc. | |||||||||||
| Revenue and EBIT | |||||||||||
| Business Segments | |||||||||||
| March 31, 2012 | |||||||||||
|
(Unaudited) |
|||||||||||
| (Dollars in thousands) | Three Months Ended March 31, | ||||||||||
| % | |||||||||||
| 2012 | 2011 | Change | |||||||||
|
Revenue |
|||||||||||
| North America Mailing | $ | 461,305 | $ | 509,039 | (9 | %) | |||||
| International Mailing | 168,014 | 170,533 | (1 | %) | |||||||
| Small & Medium Business Solutions | 629,319 | 679,572 | (7 | %) | |||||||
| Production Mail | 115,016 | 131,606 | (13 | %) | |||||||
| Software | 100,327 | 95,985 | 5 | % | |||||||
| Management Services | 230,630 | 241,624 | (5 | %) | |||||||
| Mail Services | 150,156 | 144,283 | 4 | % | |||||||
| Marketing Services | 30,208 | 29,999 | 1 | % | |||||||
| Enterprise Business Solutions | 626,337 | 643,497 | (3 | %) | |||||||
| Total revenue | $ | 1,255,656 | $ | 1,323,069 | (5 | %) | |||||
|
EBIT (1) |
|||||||||||
| North America Mailing | $ | 178,171 | $ | 179,661 | (1 | %) | |||||
| International Mailing | 19,997 | 23,193 | (14 | %) | |||||||
| Small & Medium Business Solutions | 198,168 | 202,854 | (2 | %) | |||||||
| Production Mail | 2,779 | 7,174 | (61 | %) | |||||||
| Software | 10,692 | 5,512 | 94 | % | |||||||
| Management Services | 13,315 | 21,029 | (37 | %) | |||||||
| Mail Services | 31,905 | 10,265 | 211 | % | |||||||
| Marketing Services | 4,817 | 4,160 | 16 | % | |||||||
| Enterprise Business Solutions | 63,508 | 48,140 | 32 | % | |||||||
| Total EBIT | $ | 261,676 | $ | 250,994 | 4 | % | |||||
| Unallocated amounts: | |||||||||||
| Interest, net (2) | (48,773 | ) | (50,595 | ) | |||||||
| Corporate and other expenses | (54,212 | ) | (40,201 | ) | |||||||
| Restructuring charges and asset impairments |
- |
(26,024 | ) | ||||||||
| Income from continuing operations before income taxes | $ | 158,691 | $ | 134,174 | |||||||
| (1) | Earnings before interest and taxes (EBIT) excludes general corporate expenses, restructuring charges and asset impairments and goodwill impairment. | |
| (2) | Interest, net includes financing interest expense, other interest expense and interest income. | |
