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.
Deluxe (NYSE: DLX) has released findings from its DLX Small- and Mid-Sized Business Accounts Payable Study, revealing insights into the U.S. accounts payable market. Surveying over 400 decision-makers, the study highlights the importance of reliability (82%) and security (79%) in digital payment solutions. Deluxe Payment Exchange was recognized as a top solution for reliability and customer service. The research indicates that businesses are expected to continue purchasing digital payment solutions in the coming year, reflecting a shift in the business-to-business payments landscape.
Deluxe (NYSE: DLX) will announce its third quarter 2022 financial results on Thursday, November 3, 2022, prior to market opening. Management will host a conference call at 8:30 a.m. ET, accessible by dialing 1-888-210-4748 (access code: 7092711). A live webcast will also be available on the investor relations website. For those unable to attend live, a replay will be offered from 11:30 a.m. ET on the same day until midnight on November 10, 2022, via 1-800-770-2030 (access code: 7092711).
Deluxe (NYSE: DLX) announces Chip Zint as the new Senior Vice President and Chief Financial Officer, effective October 17, succeeding Scott Bomar, who is moving to a role at a former employer. Zint, who joined Deluxe in 2020, previously served as Vice President of Corporate Finance and played a key role in the acquisition of First American. Deluxe reaffirms its full-year fiscal 2022 financial guidance, projecting revenue growth between 10% and 12%, with adjusted EBITDA rates of 18.5% to 19.0%. The company emphasizes its strong internal talent pool and succession planning under CEO Barry McCarthy.
Fitech by Deluxe has announced its sponsorship of Bankers Helping Bankers, an innovative online platform to support community bankers by enhancing their access to data and expert resources. This partnership aims to empower financial institutions to thrive amidst competition from fintechs, helping them capitalize on growth opportunities. Fitech, endorsed by the Independent Bankers Association of Texas, emphasizes using data intelligence to improve bank profitability. Deluxe processes approximately $3 trillion in annual payment volume, positioning itself as a leader in financial technology solutions.
Deluxe (NYSE: DLX) recently hosted a delegation of 10 British Fintech companies at its Innovation Center in Atlanta, promoting collaboration in financial services. Organized in partnership with the UK’s Department for International Trade, this initiative aims to strengthen ties between the U.S. and U.K. Fintech markets. Deluxe's leadership provided insights to these startups, showcasing its commitment to innovation in the payments and data sectors. The event emphasized Atlanta's growing reputation as a Fintech hub.
Deluxe (NYSE: DLX) has announced that CEO Barry C. McCarthy and CFO Scott C. Bomar will present at CL King’s 20th Annual Best Ideas Conference on Monday, September 12, at 3:30 pm ET. A live webcast will be available for registration on CL King’s website. Additionally, a previous press release from May 18, 2022, regarding an inducement grant for Chief Technology and Digital Officer Yogaraj Jayaprakasam, has been updated to include 16,653 performance share units (PSUs) awarded to him, which are tied to shareholder return and revenue targets, vesting through 2023.
Deluxe (NYSE: DLX) reported a strong 17.7% revenue growth in Q2 2022, totaling $563 million. Net income surged to $22.1 million, up 82.6% year-over-year, largely due to gains from the sale of its Australian web hosting business. However, Adjusted EBITDA margin fell to 18.1%, impacted by inflation and supply chain disruptions. The company declared a quarterly dividend of $0.30 per share, payable on September 6, 2022. Full year 2022 revenue growth is now forecasted at 10-12%, but Adjusted EBITDA rate expectations have been lowered to 18.5%-19.0%.
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