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.
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%.
Deluxe (NYSE: DLX) will announce its second quarter 2022 financial results on August 4, 2022, before market open. An open-access conference call will take place at 8:30 a.m. ET the same day, accessible by calling 1-888-210-4748 (access code: 7092711). A webcast will also be available on the investor relations website. For those unable to listen live, a replay can be accessed after 11:30 a.m. ET until midnight on August 11, 2022. Deluxe is a Trusted Payments and Business Technology company, serving millions of businesses with approximately $3 trillion in annual payment volume.
Deluxe (NYSE: DLX) announces the promotions of Jean Herrick to Senior Vice President and Chief Human Resources Officer, and Cameron Potts to Senior Vice President and Chief Communications Officer. Herrick, with nearly 30 years in HR, is expected to enhance growth as a payments and data leader. Potts, part of the team since 2014, has been pivotal in communication strategies during the company's transformation. These promotions reflect Deluxe's commitment to strengthening its leadership as it aims to accelerate its transformation in the business technology sector.
Deluxe (NYSE: DLX) has expanded its partnership with Dupaco Community Credit Union by transitioning over 120 business members to its merchant services. This agreement builds on an existing collaboration, enhancing Deluxe's offerings that already include Checks and Remote Deposit Capture. The move follows Deluxe's acquisition of First American Payment Systems in 2021, enabling a stronger position in the merchant services sector. Terms of the new agreement were not disclosed.
Deluxe's First American Payment Systems has been awarded the ATSI Call Center Award of Distinction for the 10th consecutive year and achieved the top score in the financial services category. This recognition highlights their commitment to quality customer service, with key metrics showing that most calls were answered in under 30 seconds in 2021. The company, acquired by Deluxe in 2021, serves over 155,000 merchants across the Americas and Europe, offering robust payment solutions and support.
Deluxe Corporation (NYSE: DLX) announced that Tracey Engelhardt, President of Checks, has become Chief of Operations, in addition to her current role. Engelhardt brings nearly 30 years of industry experience and is the first woman to hold this position in the company's 107-year history. CEO Barry McCarthy emphasized that her leadership will enhance operational efficiencies and support growth in payments and data services. Deluxe has been recognized for its commitment to gender diversity in leadership, marking 14 years of recognition in Minnesota.
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