Pitney Bowes Announces Fourth Quarter and Annual Results for 2012
The Company’s results for the quarter and the year are summarized in the
table below:
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Earnings Per Share Reconciliation*
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Q4 2012
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Q4 2011
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FY 2012
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FY 2011
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Adjusted EPS from continuing operations before net tax benefit
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$0.56
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$0.61
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$2.07
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$2.31
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Net tax benefit
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-
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$0.37
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$0.11
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$0.44
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Adjusted EPS from continuing operations
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$0.56
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$0.98
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$2.18
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$2.75
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Restructuring and asset impairments
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($0.07)
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($0.31)
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($0.08)
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($0.48)
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Goodwill charge
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-
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($0.41)
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-
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($0.41)
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Tax charge
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-
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-
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-
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($0.02)
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Sale of leveraged lease assets
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-
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-
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$0.06
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$0.13
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GAAP EPS from continuing operations
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$0.49
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$0.25
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$2.16
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$1.98
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Discontinued operations – income (loss)
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$0.06
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$1.03
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$0.05
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$1.07
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GAAP EPS
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$0.55
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$1.28
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$2.21
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$3.05
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*2012 and 2011 results reflect the International Mail Services (IMS)
business as a discontinued operation.
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The sum of the earnings per share may not equal the totals above due
to rounding.
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