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Pitney Bowes Announces Third Quarter Results For 2012

EBIT margin declined versus the prior year principally because of lower licensing revenue, as well as relatively higher R&D investment and marketing spend in the quarter.

Management Services

  3Q 2012   Y-O-Y Change   Change ex Currency
Revenue $221 million (6%) (5%)
EBIT   $ 10 million   (44%)    
 

Management Services revenue and EBIT margin continue to be impacted by ongoing pricing pressures, lower volumes and account contractions resulting from worldwide economic uncertainty and competitive conditions. However, there continues to be positive net new written business, which, coupled with new strategic partnerships in print outsourcing, are expected to drive revenue growth in the future.

Mail Services

  3Q 2012   Y-O-Y Change   Change ex Currency
Revenue $142 million (1%) (1%)
EBIT   $ 17 million   (53%)    
 

Increased standard mail volumes and continued penetration in the workshare discount categories continue to drive revenue growth for the presort operations. Overall, Mail Services revenue declined slightly this quarter as a result of lower volumes in the International Mail Services business.

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