Pitney Bowes Announces Full Year 2014 and Fourth Quarter Financial Results

Production Mail

Revenue comparisons for the quarter were impacted by fewer large, multi-unit inserting and production print installations than in the prior year. EBIT margin improved versus the prior year due to a favorable mix of inserting equipment sales, improved margin on service revenue and on-going cost reduction initiatives.

Presort Services

Revenue benefited from the improved qualification of mail for presort discounts as a result of operational enhancements, the volume of First Class mail processed and the effective implementation of the postal rate and rule changes at the beginning of 2014. EBIT margin improved versus the prior year due to the revenue growth and on-going operational productivity.

Digital Commerce Solutions

(millions, except percentages)   Fourth Quarter

2014

 

2013

 

Y/Y
Reported

 

Y/Y
Ex Currency

Revenue $225 $201 12% 13%
 
EBIT $32 $27 18%
 

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