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) is frequently described in its news releases as a trusted payments and data company that helps businesses pay, get paid, and grow. News about Deluxe often highlights its role in processing more than $2 trillion in annual payment volume and supporting millions of small businesses, thousands of financial institutions, and hundreds of large consumer brands.
Investors and followers of DLX news can expect regular earnings-related announcements, including quarterly results and notifications of upcoming earnings calls. These items are typically accompanied by conference call details and references to earnings releases furnished as exhibits in Form 8-K filings.
Company news also covers strategic partnerships and product developments in payments and data. Examples include Deluxe’s collaboration with Visa to implement Visa Direct and launch dlxFastFunds, a funding solution integrated within the Deluxe Payments Platform that is designed to help businesses access funds in near real-time in eligible markets. Another recurring theme is the expansion of the Deluxe Payment Network (DPN) through initiatives such as the acquisition of CheckMatch, a service that digitizes the delivery of paper checks for faster electronic conveyance.
Deluxe news releases may also address customer relationships and corporate developments, such as expanded partnerships with financial institutions like Peoples Bank, governance updates including the election of independent directors, and recognition of leadership achievements. For investors tracking DLX, this news feed offers a centralized view of financial disclosures, payments and data initiatives, acquisitions, and governance updates related to Deluxe’s evolution as a payments and data company.
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).
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Deluxe (NYSE: DLX) announces Chip Zint as the new Senior Vice President and Chief Financial Officer, effective October 17, succeeding Scott Bomar, who is moving to a role at a former employer. Zint, who joined Deluxe in 2020, previously served as Vice President of Corporate Finance and played a key role in the acquisition of First American. Deluxe reaffirms its full-year fiscal 2022 financial guidance, projecting revenue growth between 10% and 12%, with adjusted EBITDA rates of 18.5% to 19.0%. The company emphasizes its strong internal talent pool and succession planning under CEO Barry McCarthy.
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Fitech by Deluxe has announced its sponsorship of Bankers Helping Bankers, an innovative online platform to support community bankers by enhancing their access to data and expert resources. This partnership aims to empower financial institutions to thrive amidst competition from fintechs, helping them capitalize on growth opportunities. Fitech, endorsed by the Independent Bankers Association of Texas, emphasizes using data intelligence to improve bank profitability. Deluxe processes approximately $3 trillion in annual payment volume, positioning itself as a leader in financial technology solutions.
Deluxe (NYSE: DLX) recently hosted a delegation of 10 British Fintech companies at its Innovation Center in Atlanta, promoting collaboration in financial services. Organized in partnership with the UK’s Department for International Trade, this initiative aims to strengthen ties between the U.S. and U.K. Fintech markets. Deluxe's leadership provided insights to these startups, showcasing its commitment to innovation in the payments and data sectors. The event emphasized Atlanta's growing reputation as a Fintech hub.
Deluxe (NYSE: DLX) has announced that CEO Barry C. McCarthy and CFO Scott C. Bomar will present at CL King’s 20th Annual Best Ideas Conference on Monday, September 12, at 3:30 pm ET. A live webcast will be available for registration on CL King’s website. Additionally, a previous press release from May 18, 2022, regarding an inducement grant for Chief Technology and Digital Officer Yogaraj Jayaprakasam, has been updated to include 16,653 performance share units (PSUs) awarded to him, which are tied to shareholder return and revenue targets, vesting through 2023.