The new Dallas presort facility achieved operational efficiency
comparable to the company’s previous facility for the first time during
the quarter. The presort operations were able to grow revenue, despite a
final $2 million loss in revenue during the quarter associated with the
Dallas fire. The company’s unique national network processed higher
volumes of total mail, compared with the prior year, including higher
volumes of standard mail. However, overall Mail Services revenue
declined because of lower revenue at International Mail Services (IMS)
due to fewer international shipments.
EBIT for the quarter more than doubled compared with the prior year.
EBIT this quarter included $15 million of net insurance recoveries that
neutralized the Dallas fire related losses in the first two quarters of
the year. EBIT grew and EBIT margin improved versus the prior year,
excluding the impact of this net recovery, because of presort network
efficiency gains.
|
|
|
|
|
|
|
|
|
Marketing Services
|
|
|
|
|
|
|
|
|
|
|
|
3Q 2011
|
|
Y-O-Y Change
|
|
Change ex Currency
|
|
Revenue
|
|
$ 41 million
|
|
5%
|
|
5%
|
|
EBIT
|
|
$ 9 million
|
|
2%
|
|
|
|
|
|
|
|
|
|
|
