Pitney Bowes Announces First Quarter 2014 Results

Presort Services revenue benefited from an increase in First Class mail volume processed as well as higher revenue related to improved qualification of presorted mail for postal rate discounts. EBIT increased on revenue growth but EBIT margin declined versus the prior year in part due to costs associated with the consolidation of two processing facilities in Pennsylvania, which will result in improved future operating efficiencies.

Digital Commerce Solutions

                     
      1Q 2014     Y-O-Y Change     Change ex Currency
Revenue $181 million 23% 23%
EBIT       $10 million     N/M      
 

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