Pitney Bowes Announces Third Quarter Results for 2011

The new Dallas presort facility achieved operational efficiency comparable to the company’s previous facility for the first time during the quarter. The presort operations were able to grow revenue, despite a final $2 million loss in revenue during the quarter associated with the Dallas fire. The company’s unique national network processed higher volumes of total mail, compared with the prior year, including higher volumes of standard mail. However, overall Mail Services revenue declined because of lower revenue at International Mail Services (IMS) due to fewer international shipments.

EBIT for the quarter more than doubled compared with the prior year. EBIT this quarter included $15 million of net insurance recoveries that neutralized the Dallas fire related losses in the first two quarters of the year. EBIT grew and EBIT margin improved versus the prior year, excluding the impact of this net recovery, because of presort network efficiency gains.

     

Marketing Services

             
3Q 2011 Y-O-Y Change Change ex Currency
Revenue $ 41 million 5% 5%
EBIT   $ 9 million   2%    
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15  Next Page »



Review Article Be the first to review this article

Autodesk University 2017

Featured Video
MCAD Corporate Newsletter
rss feed
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
NVIDIA’s AI Computer Drives AVs
Jobs
Senior Mechanical Engineer for Albert Kahn and Associates at Detroit, MI
Mechanical Engineer for The Planate Management Group LLC at Perry Point, MD
Structural Engineer for The Planate Management Group LLC at Perry Point, MD
Structural Engineer for Albert Kahn and Associates at Detroit, MI
Vice President, Transportation Services for Associated General Contractors of New York State at Albany, NY
GIS Analyst for G2 Partners LLC at San Ramon, CA
Upcoming Events
ASSESS 2017 CONGRESS at Bolger Center Potomac MD - Nov 1 - 3, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017
ATX MINNEAPOLIS 2017 at Minneapolis MN - Nov 8 - 9, 2017
2017 China Chongqing International Machine Tool Show (CCIMT) at Chongqing International Expo Center, Yubei Chongqing China - Nov 13 - 16, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise