Pitney Bowes Announces Full Year 2014 and Fourth Quarter Financial Results

North America Mailing

The Company has continued to focus on driving productivity improvements in its expanded inside sales organization. As a result, revenue declined less than 4 percent on a constant currency basis, representing a lesser rate than in the second and third quarters. The direct sales organization delivered higher productivity, which resulted in an increased average order value. Recurring revenue streams also continued to stabilize due to a further moderation in the decline of financing and rentals revenue. EBIT margin declined versus the prior year due to the mix of business and fewer lease extensions than the prior year.

International Mailing

Revenue declined 15 percent on a reported basis and 9 percent on a constant currency basis. Revenue declined just 2 percent when the impacts of the divested revenues in Europe earlier in the year are also excluded from the prior year. These results were in-line with recent trends and the Company’s efforts to stabilize overall mail-related revenue. The Company was able to achieve these results despite the uncertain macro-economic environment, particularly in Europe. Also, excluding the impact of the divested revenues in Europe and currency, supplies revenue continued to grow, which was offset by a moderate decline in equipment sales. EBIT margin improved versus the prior year due to the benefits from the changes in go-to-market, including the actions taken in the third quarter, as well as other cost reduction initiatives.

Enterprise Business Solutions Group

(millions, except percentages)   Fourth Quarter

Revenue

2014

 

2013

 

Y/Y
Reported

 

Y/Y
Ex Currency

Production Mail $132 $151 (13%) (10%)
Presort Services

117

108

9%

9%

Enterprise Business Total $249 $259 (4%) (2%)
 

EBIT

Production Mail $20 $21 (5%)
Presort Services

30

18

65%

Enterprise Business Total $50 $39 28%
 

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



Review Article Be the first to review this article

Harris

Jobs
Geospatial Analyst/Programmer for LANDIQ at Sacramento, California
Software Developer for CHA Consulting, Inc. at Norwell, Massachusetts
Product Manager for CHA Consulting, Inc. at Boston, Massachusetts
Director of Process Engineering. for Tekni-Plex at Toledo, Ohio
Senior Structural Engineer for Wiss,Janney, Estner Assoicates, Inc at houston, Texas
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
DroneCon 2018 at MIDRAND, JHB South Africa - May 16 - 18, 2018
GEO Business 2018 at 52 Upper Street London United Kingdom - May 22 - 23, 2018
Upper Midwest Geospatial Conference (UMGEOCON) at 521 East Ave North La Crosse WI - May 23 - 24, 2018
2nd WY UAV Symposium at UW Convention Center 2229 Grand Ave LARAMIE WY - May 30 - 31, 2018
GENEQ
Canon: oce crystalPoint
Teledyne Optech
Teledyne:
Interdrone 2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise