Welcome to our dedicated page for Deluxe news (Ticker: DLX), a resource for investors and traders seeking the latest updates and insights on Deluxe stock.
Deluxe Corporation (DLX) delivers essential payment processing, data analytics, and business solutions through its four core segments. This news hub provides investors and professionals with timely updates on strategic developments across Print Services, Merchant Services, B2B Payments, and Data Solutions.
Access official press releases covering earnings reports, product innovations, and partnership announcements. Stay informed about leadership changes, security enhancements in payment systems, and advancements in financial analytics. Our curated collection helps stakeholders monitor DLX's market position in digital transformation and legacy print services.
Key updates include regulatory compliance milestones, technology investments, and service expansions across corporate treasury management and merchant processing. Bookmark this page for centralized access to Deluxe Corporation's verified announcements, ensuring you never miss critical developments affecting its diversified business operations.
Deluxe (NYSE: DLX) has announced that Salesforce will return for season six of the acclaimed reality show, Small Business Revolution. This collaboration, which began in 2019, aims to support Black-owned businesses in Minneapolis and St. Paul. The season features Salesforce Trailblazers providing real-world advice and expertise to the small businesses featured in the show. Filming began in mid-April and includes co-host Baron Davis, highlighting the importance of technology in enhancing customer relationships.
Deluxe (NYSE: DLX), a leader in payments and business technology, announced that CEO Barry McCarthy will present at Sidoti’s Virtual Investor Conference on June 23 at 11:30 am ET. This conference offers a platform for investors to gain insights into the company's operations and growth strategies. Following the presentation, attendees can access a replay through Deluxe's investor relations webpage. With over 100 years in the industry, Deluxe supports millions of small businesses, processing more than $2.8 trillion in annual payment volume.
Deluxe (NYSE: DLX), a leader in Trusted Payments and Business Technology, announced that Barry McCarthy, President and CEO, will present at Baird’s 2021 Global Consumer, Technology & Services Conference on June 9 at 2:00 pm ET. Attendees can access a replay of the conference through webcasts available shortly after the event.
Deluxe has been supporting businesses for over a century, processing more than $2.8 trillion in annual payment volume and serving millions of small businesses and financial institutions.
Deluxe (NYSE: DLX) announces Scott Bomar as the new Senior Vice President and Chief Financial Officer, effective June 14. Bomar brings extensive finance experience from Home Depot, where he managed significant business units and financial strategies. His expertise in payments and operational leadership aligns with Deluxe's focus on enhancing its payments and business technology capabilities. The company began searching for a new CFO in March following Keith Bush's planned departure, with Bomar expected to strengthen Deluxe's financial strategies.
Deluxe (NYSE: DLX) has successfully completed its acquisition of First American Payment Systems for $960 million in cash, a deal initially announced on April 22, 2021. This strategic move positions Deluxe as a leading player in the growing merchant services market, doubling the revenue of its Deluxe Payments segment to $600 million annually. Following the acquisition, Payments will represent 29% of Deluxe's total revenue, up from 17%. The company aims to leverage this acquisition to cross-sell services across various sectors, enhancing customer value and expanding its market reach.
Deluxe (NYSE: DLX) has announced the pricing of $500 million in senior unsecured notes due 2029, offering an 8.000% interest rate. Proceeds from the offering will be used to finance the acquisition of FAPS Holdings, Inc., repay existing credit commitments, and cover related expenses. The closing of the notes offering is independent of the FAPS Acquisition. The press release includes cautionary forward-looking statements regarding potential risks impacting the company's future operations, including economic conditions and competition.
Deluxe (NYSE: DLX) announced that U.S. Bank will provide financial expertise for season six of its reality show, Small Business Revolution. This collaboration builds on their long-term relationship, enhancing support for small businesses in the Twin Cities. U.S. Bank Vice President Nadine Seivert will offer financial advice, leveraging her extensive experience. Filming began in mid-April, joined by co-host Baron Davis. This initiative emphasizes the role of small businesses in economic strength and aims to create impactful opportunities.
Deluxe (NYSE: DLX) plans to offer $500 million in senior unsecured notes due 2029 via a private placement targeting qualified institutional buyers. The net proceeds will be used to repay outstanding revolving credit commitments, finance the acquisition of FAPS Holdings, Inc., and cover associated fees. The closing of the notes offering is independent of the FAPS acquisition. No registration of the notes will be conducted under the Securities Act, making them unregistered securities. Forward-looking statements are made regarding potential risks impacting future operations.
Deluxe (NYSE: DLX) announced the election of Telisa L. Yancy to its Board of Directors on May 11. Yancy, currently COO of American Family Insurance, brings extensive experience in marketing, digital innovation, and operations from a Fortune 300 environment. Her leadership within the insurance sector aligns with Deluxe's strategic focus on emerging markets. CEO Barry McCarthy emphasized that Yancy's appointment represents a critical asset for accelerating Deluxe's transformation, while Board Chair Cheryl Mayberry McKissack highlighted her diverse industry insights.
Deluxe (NYSE: DLX) reported its first-quarter results for 2021, showing a revenue of $441.3 million, down 9.3% from $486.4 million in 2020. Net income improved to $24.3 million, recovering from a loss of $60.1 million. Adjusted EBITDA increased by 8.6% to $90.5 million. The Payments segment experienced a 3.2% revenue rise, while promotional solutions and checks faced declines. A quarterly dividend of $0.30 is set for June 7, 2021, marking a commitment to return value to shareholders.
