Deluxe Reports First Quarter 2023 Results; Affirms Full Year 2023 Outlook

*Reported revenue decreased 1.9% due to anticipated impact from divestitures, and comparable adjusted revenue increased 0.5%
*First quarter GAAP diluted EPS was $0.06 and adjusted diluted EPS was $0.80
*Net income was $2.8 million, down from $9.7 million in the prior year
*Adjusted EBITDA increased 0.8%, and comparable adjusted EBITDA increased 2.1%
*Affirms full-year 2023 guidance

Deluxe (NYSE: DLX), a Trusted Payments and Data company, today reported operating results for its first quarter ended March 31, 2023.

“We had a solid start to 2023 highlighted by increases in both comparable adjusted revenue and EBITDA,” said Barry McCarthy, President and CEO of Deluxe. “We are pleased to see modest growth in both of these metrics, particularly with profits growing faster than revenue, demonstrating continued improvement in operating leverage.”

“We are encouraged by our overall performance in the first quarter, and we are affirming our full-year 2023 guidance,” said Chip Zint, Senior Vice President and Chief Financial Officer of Deluxe. “We also completed the go-live of our ERP system, the last of our “Six Flags” infrastructure modernization initiatives. Now, in addition to continued top line growth, we are better positioned to see increases in operational efficiencies and free cash flow as the year progresses.”
details at: https://www.investors.deluxe.com/News/news/news-details/2023/Deluxe-Reports-First-Quarter-2023-Results-Affirms-Full-Year-2023-Outlook/default.aspx

Related Posts

LSC Communications to close its printing plants in Lancaster County (wgal.com)

LSC Communications is closing both of its printing plants in Lancaster County. More than 650 employees will be out of work when the plants close on March 31. LSC spun off from R.R. Donnelley in 2016. R.R. Donnelly, based in Chicago, has a history in Lancaster dating back to 1960. It was one of the world's leading printing companies. LSC operates printing plants on Harrisburg Pike and Greenfield Road. The plants printed department store catalogs and telephone directories and later moved into online mapping.

2020 Printing Impressions 350 Reveals Largest Printing Companies, Printing Industry Trends (piworld.com)

2020 Printing Impressions 350 ranking of largest printing companies in the U.S. and Canada.The fact that our 37th annual ranking of the largest printing companies based in the U.S. and Canada, as ranked by annual sales, is now the Printing Impressions 350 — and not the 400 — for 2020 serves as a microcosm of the current, unsettled nature of the printing industry amidst a worldwide pandemic. So, it was quite fitting that we also labeled the most recent list on our December 2020 cover as “The COVID-19 Edition.” Compiling this venerable list was no easy feat — whether it was tracking down the needed information from a $5.5 billion-in-sales commercial printing industry powerhouse like RR Donnelley, to our 350th ranked printer at $5.5 million. Due to the pandemic, printing companies, large and small, have struggled to maintain their sales levels, and to hold on to their skilled workforces through, in some cases, temporary furloughs and Paycheck Protection Program (PPP) funding. see more at: https://www.piworld.com/article/2020-printing-impressions-350-largest-printing-companies/

Transcontinental Inc. Announces Results for the Third Quarter of Fiscal 2024

Highlights: *Revenues of $700.0 million for the quarter ended July 28, 2024; operating earnings of $69.2 million; and net earnings attributable to shareholders of the Corporation of $43.6 million ($0.50 per share). *Adjusted operating earnings before depreciation and amortization(1) of $121.0 million for the quarter ended July 28, 2024; adjusted operating earnings(1) of $84.2 million; and adjusted net earnings attributable to shareholders of the Corporation(1) of $51.4 million ($0.60 per share). *Growth in adjusted operating earnings before depreciation and amortization(1) of 12.1%, with an increase of 20.6% in the Packaging Sector and of 12.4% in the Retail Services and Printing Sector. *Sale of a building for an amount of $7.1 million. *Repurchase of 1.2 million shares during the quarter ended July 28, 2024, for a total consideration of $17.7 million.
Back To Top
×Close search
Search