Welcome to our dedicated page for Deluxe Corporation news (Ticker: DLX), a resource for investors and traders seeking the latest updates and insights on Deluxe Corporation stock.
Deluxe Corporation (Symbol: DLX) is a leading provider of payment solutions, data-driven marketing, and promotional products. The company operates through four key segments: Payments, Data Solutions, Promotional Solutions, and Checks.
In the Payments segment, Deluxe offers merchant in-store, online, and mobile payment solutions. This segment also includes treasury management services like remittance and lockbox processing, remote deposit capture, receivables management, and paperless treasury management. Payroll and disbursement services, including the Deluxe Payment Exchange, as well as fraud and security services, are also key offerings.
The Data Solutions segment focuses on data-driven marketing solutions and hosted services, such as digital engagement and logo design. Deluxe also provides web hosting and design services, making it a versatile partner for businesses aiming to enhance their digital presence.
In the Promotional Solutions segment, Deluxe delivers business forms, accessories, advertising specialties, and promotional apparel. This segment helps businesses enhance brand visibility through various custom promotional products.
Lastly, the Checks segment includes the production of printed business and personal checks, a long-standing service that remains a critical part of Deluxe's offerings.
Deluxe Corporation is committed to innovation and quality, continually evolving its services to meet the changing needs of businesses. The company collaborates with a network of professional designers, copywriters, coders, and photographers, ensuring high-quality service delivery. Recent achievements include expanding its digital payment solutions and integrating advanced security features to safeguard transactions. With a solid financial foundation, Deluxe continues to grow and adapt, maintaining its significant role in the payment solutions industry.
First American by Deluxe has announced the expansion of its digital wallet-as-a-service offering, aimed at simplifying payment integrations for merchants and partners. This new service enhances support for leading digital wallets like Apple Pay and Google Pay, catering to ISOs, ISVs, and merchants. The demand for digital payment solutions has surged, and the upgraded platform enables quicker integration of new capabilities for merchants.
The rollout is set to begin with the non-profit sector, aiming for full commercialization by June 2023. Deluxe emphasizes a digital-first approach to empower customers and introduces innovative features like Apple’s BNPL offering and PayPal Version 2.
Deluxe serves nearly 155,000 merchants across the Americas and Europe, processing about $3 trillion in annual payment volume, positioning itself as a leader in integrated payment solutions.
Deluxe (NYSE: DLX) will announce its first quarter 2023 financial results on Thursday, May 4, 2023, before market opening. An open-access conference call will be held at 8:30 a.m. ET for interested parties to discuss the results. The call can be accessed by dialing 1-888-210-4748 with access code 7092711. Additionally, a webcast will be available on the investor relations website at www.investors.deluxe.com. For those who miss the live call, a replay will be accessible after 11:30 a.m. ET on the same day until midnight on May 11, 2023, by calling 1-800-770-2030 and using the same access code. Deluxe provides payment solutions for businesses and has processed approximately $3 trillion in annual payment volume.
Deluxe (NYSE: DLX) reported a 10.7% increase in full-year revenue, reaching $2,238 million, with a 4.3% rise in net income to $65.5 million. Adjusted EBITDA margin stood at 18.7%. The fourth quarter saw a 1.2% decline in revenue to $564 million, while net income climbed 37.7% to $19 million. The company announced the divestiture of its web hosting businesses and renamed its Cloud Solutions segment to Data Solutions. Looking ahead, Deluxe projects 2023 revenue between $2.145 and $2.210 billion, with adjusted EPS anticipated to decline.
Deluxe (NYSE:DLX) announced the sale of its web hosting and logo design businesses to HostPapa, a global web hosting provider for small and medium businesses. The transaction is set to close in Q1, contingent on customary conditions. Deluxe aims to focus on its core payments and data business, while HostPapa will enhance its offerings with Deluxe's web solutions. This move marks Deluxe's complete exit from the web hosting market, having previously sold its Australian operations. The terms of the sale are undisclosed.
Deluxe (NYSE: DLX) will release its fourth quarter and full year 2022 financial results on February 2, 2023, before market opening. A conference call hosted by management will take place at 8:30 a.m. ET, where stakeholders can participate by calling 1-888-210-4748 with access code 7092711. The event will also be available via a webcast on Deluxe's investor relations website. For those unable to attend live, a replay will be accessible from 11:30 a.m. ET until midnight on February 9, 2023. Deluxe is a leader in payments and business technology, processing approximately $3 trillion in annual payment volume.
Deluxe announced the integration of Ingenico hardware into its enterprise payment gateway, enhancing merchant connectivity and transaction capability. The integration supports recurring payments, tokenization, and EMV payments, aiding software vendors in maximizing revenue and minimizing PCI scope. Deluxe's President noted this development as a significant technological advancement in the payments ecosystem, aligned with their customer-centric mission. This solution is now available with Ingenico devices, enhancing the payment experience for independent software vendors and their clients.
Deluxe reported 4.3% consolidated revenue growth, totaling $555 million in Q3 2022, with all segments experiencing year-over-year increases. Net income rose 17.6% to $14.7 million, while adjusted EBITDA improved by 1.9% to $104.6 million. The adjusted diluted EPS was $0.99, down 10.0% year-over-year. Despite inflation, strong demand and pricing actions contributed to growth. The company reaffirmed its full-year 2022 guidance, expecting 8%-10% revenue growth and an adjusted EBITDA margin of 18.5%-19.0%. A quarterly dividend of $0.30 per share was also approved.
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