| Pitney Bowes Inc. | ||||||||||||
| Revenue and EBIT | ||||||||||||
| Business Segments | ||||||||||||
| September 30, 2011 | ||||||||||||
|
(Unaudited) |
||||||||||||
| (Dollars in thousands) | Three Months Ended September 30, | |||||||||||
| % | ||||||||||||
| 2011 | 2010 | Change | ||||||||||
|
Revenue |
||||||||||||
| North America Mailing | $ | 475,663 | $ | 515,949 | (8 | %) | ||||||
| International Mailing | 177,797 | 166,108 | 7 | % | ||||||||
| Small & Medium Business Solutions | 653,460 | 682,057 | (4 | %) | ||||||||
| Production Mail | 117,220 | 135,886 | (14 | %) | ||||||||
| Software | 109,153 | 95,222 | 15 | % | ||||||||
| Management Services | 235,428 | 245,113 | (4 | %) | ||||||||
| Mail Services | 143,055 | 147,941 | (3 | %) | ||||||||
| Marketing Services | 41,408 | 39,523 | 5 | % | ||||||||
| Enterprise Business Solutions | 646,264 | 663,685 | (3 | %) | ||||||||
| Total revenue | $ | 1,299,724 | $ | 1,345,742 | (3 | %) | ||||||
|
EBIT (1) |
||||||||||||
| North America Mailing | $ | 177,280 | $ | 189,670 | (7 | %) | ||||||
| International Mailing | 25,105 | 18,668 | 34 | % | ||||||||
| Small & Medium Business Solutions | 202,385 | 208,338 | (3 | %) | ||||||||
| Production Mail | (3,426 | ) | 15,770 | (122 | %) | |||||||
| Software | 16,564 | 7,571 | 119 | % | ||||||||
| Management Services | 18,248 | 23,508 | (22 | %) | ||||||||
| Mail Services | 35,107 | 15,501 | 126 | % | ||||||||
| Marketing Services | 8,716 | 8,571 | 2 | % | ||||||||
| Enterprise Business Solutions | 75,209 | 70,921 | 6 | % | ||||||||
| Total EBIT | $ | 277,594 | $ | 279,259 | (1 | %) | ||||||
| Unallocated amounts: | ||||||||||||
| Interest, net (2) | (49,097 | ) | (51,106 | ) | ||||||||
| Corporate expense | (42,764 | ) | (51,404 | ) | ||||||||
| Restructuring charges and asset impairments | (32,956 | ) | (33,805 | ) | ||||||||
| Goodwill impairment | (45,650 | ) | - | |||||||||
| Other income, net | (7,282 | ) | - | |||||||||
| Income from continuing operations before income taxes | $ | 99,845 | $ | 142,944 | ||||||||
| (1) | Earnings before interest and taxes (EBIT) excludes general corporate expenses, restructuring charges and asset impairments, goodwill impairment and other income, net. | |
| (2) | Interest, net includes financing interest expense, other interest expense and interest income. |
