Pitney Bowes Announces Full Year and Fourth Quarter 2015 Financial Results

Production Mail

Revenue trends improved versus the prior two quarters and benefited from growth in inserting equipment sales, driven in part by the new Epic™ product line, and higher supplies revenue. Revenue was adversely impacted by fewer printer installations than the prior year. EBIT margin declined versus the prior year due to product mix and increased engineering investments.

Presort Services

Revenue benefited from higher volumes of First Class and Standard mail processed versus the prior year, as well as new client acquisitions. EBIT margin declined versus the prior year due in part to investments made to expand the network into two new U.S. markets.

 

Digital Commerce Solutions Group

(millions, except percentages)         Fourth Quarter

Revenue

2015

   

2014

   

Y/Y

Reported

   

Y/Y

Ex Currency

Software Solutions $103 $116 (12%) (7%)
Global Ecommerce

112

77

45%

46%

Digital Commerce Total $215 $194 11% 14%
 

EBIT

Software Solutions $14 $21 (34%)
Global Ecommerce

9

8

23%

Digital Commerce Total $23 $28 (19%)
 

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