Pitney Bowes Announces Third Quarter 2014 Results

Within the SMB Solutions Group:

North America Mailing

   
               
  3Q 2014 Y-O-Y Change Change ex Currency
Revenue $363 million (5%) (4%)
EBIT   $160 million   1%    
 

Within the North America Mailing results, recurring revenue streams continued to decline at a lesser rate versus prior periods due to sustained growth in supplies revenue and a further moderation in the decline in financing and rentals revenue. However, equipment sales declined as the Company continues to drive productivity improvements in its transition to expanded inside sales and web channels. EBIT margin improved during the quarter due to on-going benefits from the go-to-market strategy and incremental cost reduction initiatives.

 

International Mailing

   
               
3Q 2014 Y-O-Y Change Change ex Currency
Revenue $132 million (6%) (8%)
EBIT   $ 16 million   3%    

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