|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the PBI 10-Q filed Nov 8, 2007. Mailstream Solutions: U.S. Mailing: Includes the U.S. revenue and related expenses from the sale, rental and financing of our mail finishing, mail creation, shipping equipment and software; supplies, support and other professional services; and payment solutions. International Mailing: Includes the non-U.S. revenue and related expenses from the sale, rental and financing of our mail finishing, mail creation and shipping equipment; supplies, equipment-based software, support and other professional services; and payment solutions. Production Mail: Includes the worldwide sale, financing, support and the other professional services of our high speed production mail systems and sorting equipment. Software: Includes the worldwide sale and support services of non-equipment based mailing, and customer communication and location intelligence software. This excerpt taken from the PBI 10-Q filed Aug 6, 2007. Mailstream Solutions: U.S. Mailing: Includes the U.S. revenue and related expenses from the sale, rental and financing of our mail finishing, mail creation, shipping equipment and software; supplies, support and other professional services; and payment solutions. International Mailing: Includes the non-U.S. revenue and related expenses from the sale, rental and financing of our mail finishing, mail creation and shipping equipment; supplies, equipment-based software, support and other professional services; and payment solutions. Production Mail: Includes the worldwide sale, financing, support and other professional services of our high speed, production mail systems and sorting equipment. Software: Includes the worldwide sale and support services of non-equipment based mailing, customer communication, and location intelligence software. This excerpt taken from the PBI 8-K filed Apr 30, 2007. Mailstream Solutions includes worldwide revenue and related expenses from the sale, rental, and financing of mail finishing, mail creation, shipping, and production
mail equipment; supplies; mailing and multi-vendor support services; payment solutions; and mailing and customer communication software.
In the first quarter, Mailstream Solutions revenue increased three percent to $1.0 billion and earnings before interest and taxes (EBIT) increased five percent to $299 million, when compared with the prior year. Within Mailstream Solutions: U.S. Mailing operations revenue was flat for the quarter at $576 million, while EBIT grew five percent to $242 million. Revenue comparisons for the quarter were affected by two factors. First, as noted previously, the prior year included postal rate case revenue. Second, customers delayed placing orders due to uncertainties about the content and timing of the new rate case. Since the approval and publication of the new postal rates on March 19, the company is experiencing a strong pickup in orders. The segment’s EBIT margin increased during the quarter due to favorable product margins, growth in supplies and payment solutions, and benefits from productivity initiatives. International Mailing revenue grew eight percent to $258 million while EBIT increased two percent to $46 million. International Mailing revenue benefited from favorable foreign currency translation, double-digit growth in supplies, and placements of mailing equipment with small businesses. This growth was partially offset by lower sales of mailing equipment in the U.K. In addition, incremental investments to expand marketing channels in Europe affected International Mailing’s EBIT margin. Worldwide revenue for Production Mail grew seven percent to $125 million and EBIT increased 117 percent to $8 million. Revenue grew from broad-based equipment placements in the U.S., but was partially offset by lower sales in Europe. The segment’s EBIT margin benefited from the positive mix of higher margin equipment sales in the U.S. Software revenue increased three percent to $43 million, while EBIT declined 45 percent to $2 million. Revenue growth for the quarter was affected by delays in signing several large contracts. Also, the segment’s EBIT margin was impacted by continued investments in expanding sales and marketing channels to drive long-term growth and profitability. 2
This excerpt taken from the PBI 10-K filed Mar 1, 2007. Mailstream Solutions: U.S. Mailing: Includes the U.S. revenue and related expenses from the sale, rental and financing of our mail finishing, mail creation and shipping equipment; supplies; equipment-based software, support and other professional services; and payment solutions. International Mailing: Includes the non-U.S. revenue and related expenses from the sale, rental and financing of our mail finishing, mail creation and shipping equipment; supplies; equipment-based software, support and other professional services; and payment solutions. Production Mail: Includes the worldwide sale, financing, support and other professional services of our high-speed, production mail systems and sorting equipment. Software: Includes the worldwide sale and support services of our non-equipment-based mailing and customer communication software. This excerpt taken from the PBI 8-K filed Feb 5, 2007. Mailstream Solutions includes worldwide revenue and related expenses from the sale, rental, and financing of mail finishing, mail creation, shipping, and production
mail equipment; supplies; mailing and multi-vendor support services; payment solutions; and mailing and customer communication software.
In the fourth quarter, Mailstream Solutions revenue increased nine percent to $1.1 billion and earnings before interest and taxes (EBIT) increased six percent to $343 million, when compared with the prior year. Within Mailstream Solutions: U.S. Mailing operations had fourth quarter revenue growth of five percent to $620 million and EBIT growth of four percent to $246 million. Growth in the quarter was driven by placements of the company’s networked digital mailing systems and strong growth of supplies and payment solutions as customers took advantage of our broad range of offerings. There also continued to be good growth in the company’s shipping solutions that allow businesses to determine the best and most cost effective way to ship packages and documents. International Mailing revenue grew 13 percent to $272 million while EBIT was flat at $48 million. International Mailing revenue benefited from a recent postal rate change in France, double-digit growth in supplies, and ongoing strong placements of mailing equipment with small businesses. Incremental investments to expand our marketing channels in Europe and
3
transitional expenses related to the consolidation and outsourcing of administrative functions in Europe continued to adversely affect International Mailing EBIT margins. The company expects to start seeing the benefits of these initiatives in 2007. Worldwide revenue for Production Mail grew 10 percent to $179 million and EBIT increased 15 percent to $33 million. Revenue growth was favorably affected by continued strong placements of equipment and the company’s high-speed metering system in the U.S. Software revenue increased 24 percent to $63 million and EBIT increased 45 percent to $16 million. Revenue growth for the quarter benefited from strong sales of document composition software that enables companies to customize and personalize their mailstream communications. The software business had double-digit revenue growth in all major markets and EBIT was favorably impacted by positive operating leverage.
This excerpt taken from the PBI 10-Q filed Nov 9, 2006. Mailstream Solutions:
11 PITNEY BOWES INC. | EXCERPTS ON THIS PAGE:
|
| |||||||
