Pitney Bowes Announces Full Year and Fourth Quarter 2017 Financial Results

* The sum of the earnings per share may not equal the totals above due to rounding.

Fourth Quarter 2017 Business Segment Reporting

The Company’s business reporting groups reflect the clients served in each market and the way it manages its business segments. The reporting groups are SMB Solutions; Enterprise Business Solutions; and Digital Commerce Solutions. The results for each segment within the group may not equal the subtotals for the group due to rounding.

SMB Solutions offers mailing and office shipping solutions, financing, services, and supplies for small and medium businesses to help simplify and save on the sending, tracking and receiving of letters, parcels and flats. This group includes the North America Mailing and International Mailing segments.

Enterprise Business Solutions includes the Production Mail and Presort Services segments. Production Mail provides mailing and printing equipment and services for large enterprise clients to process mail. Presort Services provides sortation services to qualify large mail and parcel volumes for postal worksharing discounts.

Digital Commerce Solutions includes the Software Solutions and Global Ecommerce segments. Software Solutions provide customer engagement, customer information and location intelligence software. Global Ecommerce facilitates global cross-border ecommerce transactions and domestic retail and ecommerce shipping solutions, including fulfillment and returns.

SMB Solutions Group

($ millions)       Fourth Quarter
Revenue

2017

   

2016

   

Y/Y

Reported

   

Y/Y

Ex Currency

North America Mailing $340 $363 (6%) (7%)
International Mailing

102

102

(1%)

(7%)

SMB Solutions $441 $465 (5%) (7%)
 
EBIT
North America Mailing

$128

$143 (11%)
International Mailing

12

12

2%

SMB Solutions $140 $155 (10%)
 

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