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 reported a 26.0% revenue growth in Q1 2022, with total revenue reaching $556.0 million. Excluding the First American acquisition, revenue growth stood at 7.1%. All segments achieved year-over-year revenue increases, particularly the Payments segment, which surged 109.1% to $166.2 million. However, net income plummeted 60.1% to $9.7 million, and Adjusted EBITDA margin declined to 17.9%. A quarterly dividend of $0.30 per share was declared, payable June 6, 2022. Full-year revenue growth is projected at 8% to 10%.
Deluxe announces the appointment of Yogaraj Jayaprakasam as Chief Technology and Digital Officer, marking a step towards transforming the company into a payments and data enterprise. With extensive experience from American Express, Jayaprakasam will oversee technology and digital platforms, aiming to enhance operational efficiency through cloud-based infrastructure. His leadership is expected to drive innovation in product offerings, supporting Deluxe's mission to empower businesses. The company processes over $2.8 trillion in annual payment volume.
Deluxe (NYSE:DLX) has partnered with BillGO to enhance its Deluxe Payment Exchange (DPX) platform, enabling digitized check delivery for payments. This collaboration aims to process billions in payments annually and provides businesses with more efficient digital payment options. BillGO can now leverage DPX for faster payment processing, improving cost efficiency and reducing reliance on paper checks, which are still used by 65% of small to mid-size U.S. businesses. The initiative targets increasing payment volumes and enhancing financial workflows for clients.
Deluxe Corporation (NYSE: DLX) has been recognized for the 14th consecutive year for its commitment to gender diversity in leadership roles. The company was honored during an event referencing The Minnesota Census of Women in Corporate Leadership, which evaluates women in executive positions across Minnesota's largest publicly traded companies. Cheryl Mayberry McKissack, Chair of the Board, is one of the few African American female board chairs of Fortune 1000 companies, further enhancing Deluxe's reputation in promoting diversity.
Outseer has appointed John Filby as its new CEO to lead the company's efforts in combating transactional fraud. Filby brings over 25 years of financial technology experience, previously serving at Global Holdings and Deluxe Corporation (NYSE: DLX). At Deluxe, he led essential FinTech acquisitions that modernized the business, while at Fiserv Inc. (NASDAQ: FISV), he developed successful transactional fraud products. His focus will be on leveraging Outseer’s capabilities to enhance fraud detection and customer service in a dynamic market.
Deluxe (NYSE:DLX) has signed a multi-year contract with Porsche North America, marking a significant win in its Promotional Solutions business. Deluxe will serve as the premium supplier for all printed products and promotional materials for Porsche in North America. Additionally, Deluxe becomes the title sponsor of the Porsche Carrera Cup racing series, enhancing its brand presence through various marketing initiatives. This partnership is expected to enrich the Porsche brand experience while furthering Deluxe's transition as a leading service provider in cloud and promotional solutions.
Deluxe (NYSE: DLX) will release its first quarter 2022 financial results on May 5, 2022, before the market opens. An open-access conference call is scheduled for 8:30 a.m. ET that same day, which can be accessed at 1-888-210-4748 (access code 7092711). A webcast will also be available on the investor relations website. For those unable to join live, a replay will be accessible after 11:30 a.m. ET until midnight on May 16, 2022, via 1-800-770-2030 (access code 7092711).
Deluxe specializes in business technology and payment solutions, processing over $2.8 trillion in annual payment volume.
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Deluxe (NYSE: DLX), a leader in Trusted Payments and Business Technology, announced that CEO Barry C. McCarthy and CFO Scott C. Bomar will present at the Sidoti Spring Small Cap Virtual Conference on March 23 at 9:15 am EDT. Interested parties can access the live webcast on Deluxe's investor relations website. Deluxe has been a trusted partner for over a century, processing more than $2.8 trillion in annual payment volume and supporting small businesses and large financial institutions.
Newfold Digital announced its acquisition of Deluxe's Australia web hosting business, Hostopia Australia, serving over 50,000 small businesses and hosting 250,000 websites. Expected to finalize in Q2 2022, this acquisition enhances Newfold's presence in Australia and enables it to leverage industry-leading products and customer support. Deluxe’s President Garry Capers emphasized this move aligns with their focus on refining North American operations while Newfold President Ed Jay highlighted the importance of trusted hosting services for online businesses.