Pitney Bowes Announces Full Year and Fourth Quarter 2015

Pitney Bowes Announces Full Year and Fourth Quarter 2015 Financial Results


Pitney Bowes Inc.
Revenue and EBIT
Business Segments
(Unaudited; in thousands)

	Three Months Ended December 31,
							%
	2015			2014			Change
Revenue

North America Mailing	$	363,316		$	376,421		(3	%)
International Mailing		113,930			133,621		(15	%)
Small & Medium Business Solutions		477,246			510,042		(6	%)

Production Mail		122,298			131,730		(7	%)
Presort Services		122,247			117,350		4	%
Enterprise Business Solutions		244,545			249,080		(2	%)

Software Solutions		102,992			116,462		(12	%)
Global Ecommerce		112,164			77,244		45	%
Digital Commerce Solutions		215,156			193,706		11	%

Other		-			31,085		(100	%)

Total revenue	$	936,947		$	983,913		(5	%)

EBIT ⁽¹⁾

North America Mailing	$	164,537		$	165,764		(1	%)
International Mailing		14,485			21,363		(32	%)
Small & Medium Business Solutions		179,022			187,127		(4	%)

Production Mail		16,793			19,678		(15	%)
Presort Services		27,709			29,995		(8	%)
Enterprise Business Solutions		44,502			49,673		(10	%)

Software Solutions		13,627			20,573		(34	%)
Global Ecommerce		9,267			7,533		23	%
Digital Commerce Solutions		22,894			28,106		(19	%)

Other		-			5,275		(100	%)

Total EBIT		246,418			270,181		(9	%)

Unallocated amounts:
Interest, net ⁽²⁾		(40,003	)		(42,013	)
Corporate and other expenses		(61,136	)		(69,594	)
Restructuring charges and asset impairments, net		(11,477	)		(61,894	)
Other expense, net		(78	)		-
Acquisition/disposition related expenses		(4,500	)		-

Income from continuing operations before income taxes	$	129,224		$	96,680

⁽¹⁾	Segment EBIT excludes interest, taxes, general corporate expenses, restructuring charges and other items, which are not allocated to a particular business segment.
⁽²⁾	Includes financing interest expense and interest expense, net.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 Next Page »