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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.
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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.
Deluxe (NYSE: DLX) reported a strong 17.7% revenue growth in Q2 2022, totaling $563 million. Net income surged to $22.1 million, up 82.6% year-over-year, largely due to gains from the sale of its Australian web hosting business. However, Adjusted EBITDA margin fell to 18.1%, impacted by inflation and supply chain disruptions. The company declared a quarterly dividend of $0.30 per share, payable on September 6, 2022. Full year 2022 revenue growth is now forecasted at 10-12%, but Adjusted EBITDA rate expectations have been lowered to 18.5%-19.0%.
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Deluxe (NYSE: DLX) will announce its second quarter 2022 financial results on August 4, 2022, before market open. An open-access conference call will take place at 8:30 a.m. ET the same day, accessible by calling 1-888-210-4748 (access code: 7092711). A webcast will also be available on the investor relations website. For those unable to listen live, a replay can be accessed after 11:30 a.m. ET until midnight on August 11, 2022. Deluxe is a Trusted Payments and Business Technology company, serving millions of businesses with approximately $3 trillion in annual payment volume.
Deluxe (NYSE: DLX) announces the promotions of Jean Herrick to Senior Vice President and Chief Human Resources Officer, and Cameron Potts to Senior Vice President and Chief Communications Officer. Herrick, with nearly 30 years in HR, is expected to enhance growth as a payments and data leader. Potts, part of the team since 2014, has been pivotal in communication strategies during the company's transformation. These promotions reflect Deluxe's commitment to strengthening its leadership as it aims to accelerate its transformation in the business technology sector.