Pitney Bowes Announces Third Quarter 2014 Results

Within the Enterprise Business Solutions Group:

Worldwide Production Mail

   
               
  3Q 2014 Y-O-Y Change Change ex Currency
Revenue $113 million (3%) (2%)
EBIT   $ 10 million   (10%)    
 

On a regional basis, revenues were relatively flat in North America and grew in Europe in large measure due to increased production print installations. Revenue declined in Asia Pacific due to fewer installations of inserting and production print equipment when compared to prior year. EBIT margin was impacted by the lower revenue and the related margin contribution.

Presort Services

   
               
  3Q 2014 Y-O-Y Change Change ex Currency
Revenue $111 million 6% 6%
EBIT   $ 22 million   7%    
 

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