Management Services |
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1Q 2013 | Y-O-Y Change | Change ex Currency | |||||||
Revenue | $225 million | (2%) | (2%) | ||||||
EBIT | $13 million | (6%) | |||||||
Management Services revenue was adversely impacted by pricing pressures on contract renewals. EBIT margin was nearly flat year-over-year as productivity improvements substantially offset the revenue impacts. The Company recently signed large, multi-year contracts for document processing services with two state agencies. These contracts should enhance revenue growth as they are implemented in coming quarters.
Mail Services |
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1Q 2013 | Y-O-Y Change | Change ex Currency | |||||||
Revenue | $119 million | 4% | 4% | ||||||
EBIT | $19 million | (43%) | |||||||
Mail Services revenue benefited from volumes associated with the
early-stage roll out of the Company’s ecommerce solutions for
cross-border package delivery. EBIT margin was affected this quarter by
investments and costs for the start-up phase of the Company’s new
ecommerce offering. Prior year EBIT included a $7 million insurance
reimbursement related to the fire at its Dallas presort facility that
adversely impacted year-over-year comparisons.