Deluxe Corp Stock Price, News & Analysis

Deluxe (NYSE: DLX) announced that U.S. Bank will provide financial expertise for season six of its reality show, Small Business Revolution. This collaboration builds on their long-term relationship, enhancing support for small businesses in the Twin Cities. U.S. Bank Vice President Nadine Seivert will offer financial advice, leveraging her extensive experience. Filming began in mid-April, joined by co-host Baron Davis. This initiative emphasizes the role of small businesses in economic strength and aims to create impactful opportunities.

Deluxe (NYSE: DLX) plans to offer $500 million in senior unsecured notes due 2029 via a private placement targeting qualified institutional buyers. The net proceeds will be used to repay outstanding revolving credit commitments, finance the acquisition of FAPS Holdings, Inc., and cover associated fees. The closing of the notes offering is independent of the FAPS acquisition. No registration of the notes will be conducted under the Securities Act, making them unregistered securities. Forward-looking statements are made regarding potential risks impacting future operations.

Deluxe (NYSE: DLX) announced the election of Telisa L. Yancy to its Board of Directors on May 11. Yancy, currently COO of American Family Insurance, brings extensive experience in marketing, digital innovation, and operations from a Fortune 300 environment. Her leadership within the insurance sector aligns with Deluxe's strategic focus on emerging markets. CEO Barry McCarthy emphasized that Yancy's appointment represents a critical asset for accelerating Deluxe's transformation, while Board Chair Cheryl Mayberry McKissack highlighted her diverse industry insights.

Deluxe (NYSE: DLX) reported its first-quarter results for 2021, showing a revenue of $441.3 million, down 9.3% from $486.4 million in 2020. Net income improved to $24.3 million, recovering from a loss of $60.1 million. Adjusted EBITDA increased by 8.6% to $90.5 million. The Payments segment experienced a 3.2% revenue rise, while promotional solutions and checks faced declines. A quarterly dividend of $0.30 is set for June 7, 2021, marking a commitment to return value to shareholders.

Deluxe (NYSE: DLX) has announced that Lenovo will serve as technology consultants for season six of its reality show, Small Business Revolution, filmed in Minneapolis/St. Paul. Lenovo aims to provide technological solutions to enhance the efficiency of the featured small businesses. Deluxe's Chief Brand and Content Officer, Amanda Brinkman, expressed enthusiasm about Lenovo’s expertise contributing to the growth of these businesses. The season began filming in mid-April and includes support from Lenovo’s digital technology experts.

Deluxe (NYSE: DLX) has announced a $960 million cash acquisition of First American Payment Systems, aimed at enhancing its capabilities in the payments technology sector. This strategic move is part of Deluxe's One Deluxe transformation strategy, which seeks to establish the company as a leader in the payments industry. The acquisition is expected to significantly increase Deluxe's Payments segment revenue and leverage First American's advanced technology, creating cross-sell opportunities across various markets, including government and retail.

Deluxe (NYSE: DLX) is set to announce its first quarter 2021 financial results on May 6, 2021, before market opening. A conference call will take place at 8:30 a.m. ET, accessible by dialing 1-866-393-4306 (access code 8787131). For those unable to join live, a replay will be available post-call until midnight on May 13, 2021. Deluxe, a Trusted Business Technology™ company, has been a key partner for businesses for over 100 years, processing over $2.8 trillion in annual payment volume.

Deluxe (NYSE: DLX) is expanding its remittance processing team in the greater Chicago area, with immediate openings in its Payments segment. Since 2019, the payment processing business has shown growth, even amid the pandemic. Deluxe is launching new products this year and seeks dedicated candidates for full-time roles, offering competitive benefits, including medical coverage, stock options, and tuition reimbursement. The company emphasizes employee safety and satisfaction, asserting that its workforce is its greatest asset.

Deluxe (NYSE: DLX) announces immediate openings in its remittance processing business in Newark, Delaware, as part of its growing Payments segment. Despite challenges posed by the pandemic, Deluxe has seen continued growth since late 2019, with new products launching this year. The company emphasizes its commitment to employee well-being, offering competitive benefits from day one, including medical plans, paid vacation, and tuition reimbursement. Full-time positions are available, promising long-term opportunities for the right candidates.