Pitney Bowes Announces First Quarter 2014 Results

Within the Enterprise Business Solutions Group:

Worldwide Production Mail

      1Q 2014     Y-O-Y Change     Change ex Currency
Revenue $105 million (4%) (4%)
EBIT       $8 million     (1%)      
 

Production Mail revenue was impacted by fewer production print installations during the quarter compared to the prior year. However, revenue benefited from increased sales of inserting and sortation equipment, as well as ongoing growth in supplies. EBIT margin improved due to the greater mix of higher-margin inserting systems sold in the quarter and cost reduction initiatives.

Presort Services

      1Q 2014     Y-O-Y Change     Change ex Currency
Revenue $116 million 5% 5%
EBIT       $24 million     2%      
 

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