*Reported revenue increased 1.5%, and comparable adjusted revenue increased 2.6%
*Second quarter GAAP diluted EPS was $0.37 and adjusted diluted EPS was $0.93
*Net income was $16.4 million, down from $22.1 million in the prior year
“Our momentum continues, as comparable adjusted revenue increases in all four segments put us on a solid trajectory for our third consecutive year of comparable adjusted revenue growth,” said Barry McCarthy, President and CEO of Deluxe. “In addition, for the second consecutive quarter we demonstrated our improved operating leverage by growing Adjusted EBITDA faster than revenue.”
“We are pleased with our second quarter results, including as expected, a sequential improvement in free cash flow, and reduced leverage,” said Chip Zint, Senior Vice President and Chief Financial Officer of Deluxe. “Given our first half results and our outlook for the year, particularly in light of our improved operational efficiencies, we are raising our full-year 2023 guidance for revenue and earnings.”
details at: https://www.investors.deluxe.com/News/news/news-details/2023/Deluxe-Reports-Second-Quarter-2023-Results-Increases-Full-Year-2023-Outlook-for-Revenue-and-Earnings/default.aspx