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Pitney Bowes Announces Fourth Quarter And Annual Results For 2012

Business Segment Results

SMB Solutions Group
  4Q 2012   Y-O-Y Change   Change ex Currency
Revenue $644 million (3%) (3%)
EBIT   $200 million   (9%)    

Within the SMB Solutions Group:

North America Mailing
  4Q 2012   Y-O-Y Change   Change ex Currency
Revenue $456 million (6%) (6%)
EBIT   $174 million   (11%)    

During the quarter, North America Mailing revenue was impacted by lower recurring revenue streams, although at a slower rate than previous quarters. Equipment sales revenue for the segment declined 3 percent, which is a continuation of the year-over-year improvement in trend, in part due to increased placements of SendSuiteLiveā„¢ shipping solutions in the U.S. and growth in equipment sales in Canada. Additionally, meter placements in Canada continued to grow for the second consecutive quarter.

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