Deluxe Reports Strong Fourth Quarter and Full Year 2021 Results

*Full year revenue increased 12.9%, up 2.0%, excluding First American, delivering the first full year of reported sales-driven growth in nearly a decade
*Consolidated fourth quarter revenue increased 25.5%, up 6.8%, excluding contribution from First American
*All four segments delivered year-over-year sales-driven revenue growth in the fourth quarter
*Fourth quarter net income was up 10.4% from the third quarter of 2021 and adjusted EBITDA margin was 20.5%, up 120 basis points sequentially from the third quarter of 2021
*Declared regular quarterly dividend

Deluxe (NYSE: DLX), a Trusted Payments and Business Technology™ company, today reported operating results for its fourth quarter and year ended December 31, 2021.

“Deluxe reported the first full year of sales-driven growth in nearly a decade,” said Barry McCarthy, President and CEO of Deluxe. “In the fourth quarter, all four segments grew, driving transformation just as we promised in 2020. The First American acquisition accelerated this transformation and continues to exceed expectations, delivering 13% top line growth over the prior year quarter, benefiting from our One Deluxe sales model. These results demonstrate our strategy is working and we remain confident in our ability to execute, across all our segments, as we enter 2022.”

“Our fourth quarter results demonstrated strong execution of our strategy, as our revenue growth exceeded expectations, and we effectively managed COVID-related and inflationary impacts,” said Scott Bomar, Senior Vice President and Chief Financial Officer of Deluxe. “Looking ahead, we expect to continue our revenue momentum into 2022 and will continue to drive the One Deluxe approach across the business.”
https://www.investors.deluxe.com/news/news-details/2022/Deluxe-Reports-Strong-Fourth-Quarter-and-Full-Year-2021-Results-Declares-Regular-Dividend-Provides-2022-Outlook/default.aspx

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