Deluxe Reports Fourth Quarter and Full Year 2022 Results
*Full year revenue increased 10.7%, and comparable adjusted revenue growth was 5.2%, delivering the second consecutive year of sales-driven revenue growth, with all four segments showing year-over-year increases *Full year net income was $65.5 million, up 4.3% from the prior year and adjusted EBITDA margin rate was 18.7% *Fourth quarter revenue declined 1.2% on a reported basis driven by business exits, while comparable adjusted revenue increased 1.2%, led by Payments, Data, and Promotional Solutions *Fourth quarter net income was $19.0 million and adjusted EBITDA margin rate was 19.9% *Recently announced the divestiture of the Company's North American web hosting and logo businesses, and the name change of the Cloud Solutions segment to Data Solutions