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 (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.
Deluxe (NYSE: DLX) announced Season 6 of its television series, the Small Business Revolution, focusing on Black-owned businesses in Minneapolis/St. Paul. The initiative aims to revitalize local communities through various business support measures. Co-hosted by retired NBA star Baron Davis, the series highlights the importance of small businesses. Deluxe has over a century of experience supporting businesses and plans for community engagement in the selection process for featured businesses. Filming for the new season starts in late April.
Deluxe (NYSE: DLX) announced that Barry McCarthy, President and CEO, will present at two virtual investor conferences. The first will be on March 2 at the J.P. Morgan 2021 Global High Yield and Leveraged Finance Conference at 4:15 pm ET. The second is on March 24 at the Sidoti Spring 2021 Virtual Conference at 11:30 am ET. Webcast replays will be available after each event on www.deluxe.com/investor. Deluxe supports businesses with payment solutions and services, processing over $2.8 trillion in annual transaction volume.
Deluxe has partnered with the National Urban League to enhance diversity and inclusion efforts, aligning with a commitment to community development. The Deluxe Corporation Foundation donated $500,000 and aims to create volunteer opportunities for its more than 6,000 employee-owners. CEO Barry McCarthy emphasized the need for racial equality following events in Minneapolis in 2020, while the National Urban League supports underserved communities' empowerment. Deluxe's long-term focus on social justice appears strong, reinforcing its business model of community engagement.
Deluxe (NYSE: DLX) reported Q4 2020 results, revealing a 10.8% revenue decline year-over-year, totaling $1,790.8 million for the year. Despite challenges from COVID-19, the company achieved a net income of $8.8 million compared to a loss of $199.9 million in 2019. The new Payments segment saw a 12% revenue growth, and the company reduced net debt to $716.9 million. A quarterly dividend of $0.30 per share was approved, to be paid on March 1, 2021, to shareholders of record as of February 16, 2021.