Pitney Bowes Announces First Quarter 2020 Financial Results

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

Business Segment Reporting

The Commerce Services group includes the Global Ecommerce and Presort Services segments. Global Ecommerce facilitates domestic retail and ecommerce shipping solutions, including fulfillment and returns, and global cross-border ecommerce transactions. Presort Services provides sortation services to qualify large volumes of First Class Mail, Marketing Mail, Marketing Mail Flats and Bound Printed Matter for postal workshare discounts.

The Sending Technology Solutions segment offers physical and digital mailing and shipping technology solutions, financing, services, supplies and other applications for small and medium businesses to help simplify and save on the sending, tracking and receiving of letters, parcels and flats.

The sum of the segment results may not equal the totals due to rounding.

Commerce Services

 

First Quarter

($ millions)

2020

 

2019

 

Y/Y

Reported

 

Y/Y

Ex Currency

Revenue

 

 

 

 

Global Ecommerce

$292

 

$266

 

10%

 

10%

Presort Services

141

 

135

 

4%

 

4%

Commerce Services

$433

 

$401

 

8%

 

8%

 

 

 

 

 

 

 

 

EBITDA

 

 

 

 

 

 

 

Global Ecommerce

($11)

 

$2

 

>(100%)

 

 

Presort Services

23

 

22

 

7%

 

 

Commerce Services

$12

 

$24

 

(49%)

 

 

 

 

 

 

 

 

 

 

EBIT

 

 

 

 

 

 

 

Global Ecommerce

($29)

 

($15)

 

>(100%)

 

 

Presort Services

16

 

15

 

4%

 

 

Commerce Services

($14)

 

-

 

>(100%)

 

 

 

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