Welcome to our dedicated page for Deluxe news (Ticker: DLX), a resource for investors and traders seeking the latest updates and insights on Deluxe stock.
Deluxe Corporation (NYSE: DLX) reports developments as a payments and data company serving small businesses, financial institutions and large consumer brands. Its business spans Merchant Services, B2B Payments, Data Solutions and Print, including electronic card authorization and processing, treasury management, integrated accounts payable disbursements, data and analytics services, financial institution reporting, business incorporation services, checks, business essentials and branded print solutions.
Company news commonly covers quarterly results, merchant-services and payment-platform partnerships, product and technology modernization, and board governance. Updates also describe how Deluxe extends payment capabilities through financial institution and software relationships, while recurring financial releases discuss operating results, cash flow, debt and segment performance.
Deluxe (NYSE: DLX) will announce its first quarter 2023 financial results on Thursday, May 4, 2023, before market opening. An open-access conference call will be held at 8:30 a.m. ET for interested parties to discuss the results. The call can be accessed by dialing 1-888-210-4748 with access code 7092711. Additionally, a webcast will be available on the investor relations website at www.investors.deluxe.com. For those who miss the live call, a replay will be accessible after 11:30 a.m. ET on the same day until midnight on May 11, 2023, by calling 1-800-770-2030 and using the same access code. Deluxe provides payment solutions for businesses and has processed approximately $3 trillion in annual payment volume.
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Deluxe (NYSE: DLX) reported a 10.7% increase in full-year revenue, reaching $2,238 million, with a 4.3% rise in net income to $65.5 million. Adjusted EBITDA margin stood at 18.7%. The fourth quarter saw a 1.2% decline in revenue to $564 million, while net income climbed 37.7% to $19 million. The company announced the divestiture of its web hosting businesses and renamed its Cloud Solutions segment to Data Solutions. Looking ahead, Deluxe projects 2023 revenue between $2.145 and $2.210 billion, with adjusted EPS anticipated to decline.
Deluxe (NYSE:DLX) announced the sale of its web hosting and logo design businesses to HostPapa, a global web hosting provider for small and medium businesses. The transaction is set to close in Q1, contingent on customary conditions. Deluxe aims to focus on its core payments and data business, while HostPapa will enhance its offerings with Deluxe's web solutions. This move marks Deluxe's complete exit from the web hosting market, having previously sold its Australian operations. The terms of the sale are undisclosed.
Deluxe (NYSE: DLX) will release its fourth quarter and full year 2022 financial results on February 2, 2023, before market opening. A conference call hosted by management will take place at 8:30 a.m. ET, where stakeholders can participate by calling 1-888-210-4748 with access code 7092711. The event will also be available via a webcast on Deluxe's investor relations website. For those unable to attend live, a replay will be accessible from 11:30 a.m. ET until midnight on February 9, 2023. Deluxe is a leader in payments and business technology, processing approximately $3 trillion in annual payment volume.
Deluxe announced the integration of Ingenico hardware into its enterprise payment gateway, enhancing merchant connectivity and transaction capability. The integration supports recurring payments, tokenization, and EMV payments, aiding software vendors in maximizing revenue and minimizing PCI scope. Deluxe's President noted this development as a significant technological advancement in the payments ecosystem, aligned with their customer-centric mission. This solution is now available with Ingenico devices, enhancing the payment experience for independent software vendors and their clients.
Deluxe reported 4.3% consolidated revenue growth, totaling $555 million in Q3 2022, with all segments experiencing year-over-year increases. Net income rose 17.6% to $14.7 million, while adjusted EBITDA improved by 1.9% to $104.6 million. The adjusted diluted EPS was $0.99, down 10.0% year-over-year. Despite inflation, strong demand and pricing actions contributed to growth. The company reaffirmed its full-year 2022 guidance, expecting 8%-10% revenue growth and an adjusted EBITDA margin of 18.5%-19.0%. A quarterly dividend of $0.30 per share was also approved.
Deluxe (NYSE: DLX) has released findings from its DLX Small- and Mid-Sized Business Accounts Payable Study, revealing insights into the U.S. accounts payable market. Surveying over 400 decision-makers, the study highlights the importance of reliability (82%) and security (79%) in digital payment solutions. Deluxe Payment Exchange was recognized as a top solution for reliability and customer service. The research indicates that businesses are expected to continue purchasing digital payment solutions in the coming year, reflecting a shift in the business-to-business payments landscape.
Deluxe (NYSE: DLX) will announce its third quarter 2022 financial results on Thursday, November 3, 2022, prior to market opening. Management will host a conference call at 8:30 a.m. ET, accessible by dialing 1-888-210-4748 (access code: 7092711). A live webcast will also be available on the investor relations website. For those unable to attend live, a replay will be offered from 11:30 a.m. ET on the same day until midnight on November 10, 2022, via 1-800-770-2030 (access code: 7092711).