Deluxe Corp Stock Price, News & Analysis

First American by Deluxe has announced the expansion of its digital wallet-as-a-service offering, aimed at simplifying payment integrations for merchants and partners. This new service enhances support for leading digital wallets like Apple Pay and Google Pay, catering to ISOs, ISVs, and merchants. The demand for digital payment solutions has surged, and the upgraded platform enables quicker integration of new capabilities for merchants.

The rollout is set to begin with the non-profit sector, aiming for full commercialization by June 2023. Deluxe emphasizes a digital-first approach to empower customers and introduces innovative features like Apple’s BNPL offering and PayPal Version 2.

Deluxe serves nearly 155,000 merchants across the Americas and Europe, processing about $3 trillion in annual payment volume, positioning itself as a leader in integrated payment solutions.

Deluxe (NYSE: DLX) will announce its first quarter 2023 financial results on Thursday, May 4, 2023, before market opening. An open-access conference call will be held at 8:30 a.m. ET for interested parties to discuss the results. The call can be accessed by dialing 1-888-210-4748 with access code 7092711. Additionally, a webcast will be available on the investor relations website at www.investors.deluxe.com. For those who miss the live call, a replay will be accessible after 11:30 a.m. ET on the same day until midnight on May 11, 2023, by calling 1-800-770-2030 and using the same access code. Deluxe provides payment solutions for businesses and has processed approximately $3 trillion in annual payment volume.

Deluxe (NYSE: DLX) reported a 10.7% increase in full-year revenue, reaching $2,238 million, with a 4.3% rise in net income to $65.5 million. Adjusted EBITDA margin stood at 18.7%. The fourth quarter saw a 1.2% decline in revenue to $564 million, while net income climbed 37.7% to $19 million. The company announced the divestiture of its web hosting businesses and renamed its Cloud Solutions segment to Data Solutions. Looking ahead, Deluxe projects 2023 revenue between $2.145 and $2.210 billion, with adjusted EPS anticipated to decline.

Deluxe (NYSE:DLX) announced the sale of its web hosting and logo design businesses to HostPapa, a global web hosting provider for small and medium businesses. The transaction is set to close in Q1, contingent on customary conditions. Deluxe aims to focus on its core payments and data business, while HostPapa will enhance its offerings with Deluxe's web solutions. This move marks Deluxe's complete exit from the web hosting market, having previously sold its Australian operations. The terms of the sale are undisclosed.

Deluxe (NYSE: DLX) will release its fourth quarter and full year 2022 financial results on February 2, 2023, before market opening. A conference call hosted by management will take place at 8:30 a.m. ET, where stakeholders can participate by calling 1-888-210-4748 with access code 7092711. The event will also be available via a webcast on Deluxe's investor relations website. For those unable to attend live, a replay will be accessible from 11:30 a.m. ET until midnight on February 9, 2023. Deluxe is a leader in payments and business technology, processing approximately $3 trillion in annual payment volume.