Adjusted EPS Increase
Adjusted EPS was $0.33, up 74% year-over-year.
Adjusted EBIT Growth
Adjusted EBIT was $120 million, up 28% year-over-year.
Dividend Increase
Increased quarterly dividend for a second consecutive quarter from $0.06 to $0.07 a share.
Cost Savings Target Increase
Raised cost savings target to $180 million to $200 million annualized net savings.
Debt Repurchase and Leverage Target
Repurchased $37 million of debt and expect to drop below a 3x leverage ratio target by Q3.
Presort Services Performance
Presort revenue was $178 million, up 5%, with a 36% increase in EBIT.