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.
In Q3 2021, Deluxe (NYSE: DLX) reported a 21.1% increase in revenue to $532.1 million, boosted by strong performance in Payments, Cloud, and Promotional Solutions. Notably, the Payments segment soared by 114.6% year-over-year. However, net income fell 57.5% to $12.5 million, impacted by acquisition costs. The company declared a quarterly dividend of $0.30 per share, payable on December 6, 2021. While the outlook remains positive with projected revenue growth of 10-12% for the year, concerns about inflation and macroeconomic factors persist.
Deluxe (NYSE: DLX) has inaugurated its new headquarters at 801 Marquette in downtown Minneapolis. The state-of-the-art facility spans 94,000 square feet and will accommodate over 500 employees, beginning a phased return to the office on November 15, aiming for full occupancy in January 2022. This new space is designed to enhance collaboration and productivity, aligning with Deluxe's commitment to support businesses in the digital economy. The opening signifies Deluxe's long-standing role in Minnesota's economic landscape, reinforcing its mission to be ‘Champions for Business.’
Deluxe Corporation (NYSE: DLX) will announce its third quarter 2021 financial results on November 4, 2021, before market opening. Management will conduct a conference call at 8:30 a.m. ET that day, accessible by calling 1-833-282-0028 (access code 8389754). The call will also be webcast on the investor relations website, www.investors.deluxe.com. A replay of the call will be available post-event until November 11, 2021.
Deluxe (NYSE: DLX) announces the launch of President and CEO Barry C. McCarthy's new book, “Small Business Revolution: How Owners and Entrepreneurs Can Succeed.” This book provides small business owners with practical strategies and insights based on Deluxe's 106-year history and experiences from its Emmy-nominated TV show. Proceeds will benefit the Deluxe Corporation Foundation, which has awarded nearly $110 million in grants. McCarthy aims to support entrepreneurs as they navigate ongoing challenges posed by COVID-19, leveraging Deluxe's transformation into a Trusted Payments and Business Technology™ company.
Deluxe (NYSE: DLX), a leader in Trusted Payments and Business Technology™, has announced that President and CEO Barry McCarthy and CFO Scott Bomar will present at CL King’s 19th Annual Best Ideas Conference. The event is scheduled for September 14 at 8:45 am ET. Interested investors can access a live webcast on Deluxe's investor relations website, with a replay available post-event. With a history of over 100 years, Deluxe supports millions of small businesses and processes more than $2.8 trillion in annual payment volume, reinforcing its commitment to business success.
Deluxe (NYSE: DLX) reported strong second-quarter results for 2021, highlighting a 16.5% revenue growth to $478.2 million, driven by the acquisition of First American. Net income stood at $12.1 million, down from $14.9 million last year. The Payments segment surged with a 43.1% revenue increase, contributed significantly by First American. The company declared a quarterly dividend of $0.30 per share, payable on September 7, 2021. For the year, Deluxe anticipates a revenue growth of 10-12%, factoring in ongoing economic recovery.
Deluxe (NYSE: DLX) is set to announce its Q2 2021 financial results on August 5, 2021, before the market opens. Management will conduct an open-access conference call at 8:30 a.m. ET. Interested listeners can dial 1-833-282-0028 (access code 7946065) to participate. A simultaneous webcast will also be available on their investor relations website. A replay of the call will be accessible after 11:30 a.m. ET until midnight on August 12, 2021, at 1-800-585-8367 (access code 7946065).
Deluxe has announced a partnership between Govolution, its ePayment solutions subsidiary, and Fulton Bank to provide advanced payment technology for government and municipal clients. The collaboration focuses on enhancing consumer payment options, optimizing business operations, and improving account reconciliation. Govolution is recognized for its innovative payment solutions, processing over 1.4 million transactions daily for government clients. This partnership aims to leverage Govolution's expertise and technological investments to better serve Fulton Bank’s government customers.
Deluxe received an Emmy nomination for its reality series Small Business Revolution, which supports struggling small businesses with expert guidance. This recognition, in the Outstanding Lifestyle Series category, is for the fifth season, emphasizing the real-time challenges faced during the pandemic. The nomination follows over 3,000 submissions. CEO Barry McCarthy stated that the series not only drives awareness for Deluxe's products but also serves as a platform for small business success. The sixth season is currently in production, focusing on urban small businesses.
Deluxe (NYSE: DLX) announced a collaboration with Microsoft to integrate its small business HR and payroll solutions into Microsoft Dynamics 365 Business Central. This partnership aims to enhance financial and accounting solutions for small businesses through a comprehensive, cloud-based platform. The integration simplifies payroll and HR processes while automating financial tasks, allowing businesses to operate more efficiently. Deluxe is also partnering with Bam Boom Cloud to further enhance the integration. This move is expected to provide small businesses with a tailored solution for their financial management needs.