| Pitney Bowes Inc. | |||||||||||
| Revenue and EBIT | |||||||||||
| Business Segments | |||||||||||
| June 30, 2014 | |||||||||||
|
(Unaudited) |
|||||||||||
| (Dollars in thousands) | Six Months Ended June 30, | ||||||||||
| % | |||||||||||
| 2014 | 2013 |
Change |
|||||||||
|
Revenue |
|||||||||||
| North America Mailing | $ | 752,221 | 781,033 | (4 | %) | ||||||
| International Mailing | 306,528 | 303,333 | 1 | % | |||||||
| Small & Medium Business Solutions | 1,058,749 | 1,084,366 | (2 | %) | |||||||
| Production Mail | 216,972 | 243,875 | (11 | %) | |||||||
| Presort Services | 227,772 | 217,861 | 5 | % | |||||||
| Enterprise Business Solutions | 444,744 | 461,736 | (4 | %) | |||||||
| Digital Commerce Solutions | 392,454 | 313,923 | 25 | % | |||||||
| Total Revenue | $ | 1,895,947 | $ | 1,860,025 | 2 | % | |||||
|
EBIT (1) |
|||||||||||
| North America Mailing | $ | 317,119 | $ | 305,976 | 4 | % | |||||
| International Mailing | 51,268 | 37,465 | 37 | % | |||||||
| Small & Medium Business Solutions | 368,387 | 343,441 | 7 | % | |||||||
| Production Mail | 18,295 | 23,619 | (23 | %) | |||||||
| Presort Services | 46,308 | 44,734 | 4 | % | |||||||
| Enterprise Business Solutions | 64,603 | 68,353 | (5 | %) | |||||||
| Digital Commerce Solutions | 27,460 | 15,084 | 82 | % | |||||||
| Total EBIT | $ | 460,450 | $ | 426,878 | 8 | % | |||||
| Unallocated amounts: | |||||||||||
| Interest, net (2) | (85,612 | ) | (97,006 | ) | |||||||
| Corporate and other expenses | (102,062 | ) | (95,022 | ) | |||||||
| Restructuring charges | (18,140 | ) | (19,031 | ) | |||||||
| Other expense, net | (61,657 | ) | (25,121 | ) | |||||||
| Income from continuing operations before income taxes | $ | 192,979 | $ | 190,698 | |||||||
| (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. | |
