Announcement • Jun 18
Deluxe Corporation (NYSE:DLX) entered into an equity purchase agreement to acquire Celero Commerce, LLC from LLR Partners, Inc. and others for approximately $630 million. Deluxe Corporation (NYSE:DLX) entered into an equity purchase agreement to acquire Celero Commerce, LLC from LLR Partners, Inc. and others for approximately $630 million on June 18, 2026. Deluxe will acquire Celero in an all-cash transaction for approximately $625 million plus payment of certain seller transaction expenses and other adjustments. The transaction will be funded through committed debt financing, consisting of an incremental Term Loan A financing of $375 million from a five-bank syndicate led by BofA Securities, Inc. and drawing on Deluxe’s existing revolving credit facility.
For the period ending December 31, 2025, Celero Commerce, LLC reported total revenue of $200 million.
The transaction is subject to subject to antitrust regulations and approval by regulatory board / committee. The expected completion of the transaction is in the third quarter of 2026. The transaction is expected to be accretive to adjusted EPS in the first year following closing, while also expanding revenue growth and adjusted EBITDA margin rates and generating strong cash flow, inclusive of over $15 million in anticipated cost synergies to be realized fully across a 24-month period following the closing, and additional upside potential from revenue synergies.
BofA Securities, Inc. acted as financial advisor for Deluxe Corporation. Troutman Pepper Locke LLP acted as legal advisor for Deluxe Corporation. Bennett Jones LLP acted as legal advisor for Deluxe Corporation. Announcement • Apr 25
Deluxe Corporation Announces Paul R. Garcia as Independent Chair of Board of Directors Deluxe Corporation has announced the election of Paul R. Garcia as the independent Chair of its Board of Directors. Mr. Garcia has been a member of the Deluxe Board of Directors since 2020. He succeeds Cheryl Mayberry McKissack, who announced her retirement earlier this year. Mr. Garcia is the retired Chairman and CEO of Global Payments Inc., a publicly traded, leading provider of electronic payment processing services. He served in that capacity from 1999 to 2014. Prior to that role, Paul served as President and CEO of NaBanco, an electronic credit card processor, from 1982 to 1995. He also serves as director of United Health Group and Repay Holdings Corporation, and previously served on the Boards of Directors of Global Payments Inc., MasterCard International, The Dun & Bradstreet Corporation, West Corporation, Truist Financial Corporation, and Payment Alliance International Inc. Announcement • Apr 22
Deluxe Corporation to Report Q1, 2026 Results on May 06, 2026 Deluxe Corporation announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 06, 2026 Announcement • Feb 11
PFG-SG Operating Group LLC entered into an Asset Purchase Agreement to acquire Assets of Deluxe Corporation from Deluxe Corporation (NYSE:DLX) for $25 million. PFG-SG Operating Group LLC entered into an Asset Purchase Agreement to acquire Assets of Deluxe Corporation from Deluxe Corporation (NYSE:DLX) for $25 million on February 10, 2026.The aggregate purchase price is approximately $25 million, $12 million of which will be paid on the Closing Date and the remainder of which will be paid in three equal installments on each subsequent anniversary of the Closing Date.
The closing is subject to customary conditions and transaction is expected to close in the first quarter of 2026. Announcement • Jan 30
Deluxe Corporation announces Quarterly dividend, payable on February 23, 2026 Deluxe Corporation announced Quarterly dividend of USD 0.3000 per share payable on February 23, 2026, ex-date on February 09, 2026 and record date on February 09, 2026. Announcement • Jan 15
Deluxe Corporation to Report Q4, 2025 Results on Jan 28, 2026 Deluxe Corporation announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Jan 28, 2026 Announcement • Nov 07
Deluxe Corporation announces Quarterly dividend, payable on December 01, 2025 Deluxe Corporation announced Quarterly dividend of USD 0.3000 per share payable on December 01, 2025, ex-date on November 17, 2025 and record date on November 17, 2025. Announcement • Nov 01
Deluxe Corporation Appoints Michelle T. Collins to Compensation and Talent Committee, Effective October 29, 2025 Deluxe Corporation announced on October 29, 2025, the Board appointed Ms. Michelle T. Collins to the Compensation and Talent Committee. Announcement • Oct 23
Deluxe Corporation to Report Q3, 2025 Results on Nov 05, 2025 Deluxe Corporation announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Announcement • Aug 21
Deluxe Announces the Election of Michelle T. Collins to Its Board of Directors Deluxe has announced the election of Michelle T. Collins to its Board of Directors. Ms. Collins is a retired Deloitte partner with more than four decades of experience in advising and guiding companies through challenges such as business transformations, mergers and acquisitions, enterprise risk management, financial accounting and reporting, and SEC compliance. As a trusted advisor to the c-suite, audit committees, and boards of directors, she brings a history of sound judgment and a proven record helping companies navigate complex business issues, innovative growth opportunities, and technology disruption. Ms. Collins recently served as Vice Chair and a member of Deloitte’s U.S. Board of Directors. During her six-year tenure on the Board, she served as the Chair of the Governance Committee and Chair of the Finance and Audit Committee. She is a graduate of Western Michigan University with a BS in Accounting and a Certified Public Accountant. Announcement • Aug 08
Deluxe Corporation (NYSE:DLX) entered into an asset purchase agreement to acquire CheckMatch from JPMorgan Chase Bank, National Association for $25 million. Deluxe Corporation (NYSE:DLX) entered into an asset purchase agreement to acquire CheckMatch from JPMorgan Chase Bank, National Association for $25 million on August 6, 2025. The aggregate purchase price payable to seller in connection with the transaction is $25 million; $12.5 million of which was paid on the Closing Date, and $12.5 million of which will be paid 180 days following the Closing Date.
Deluxe Corporation (NYSE:DLX) completed the acquisition of CheckMatch from JPMorgan Chase Bank, National Association on August 6, 2025. Announcement • Jul 18
Deluxe Corporation to Report Q2, 2025 Results on Aug 06, 2025 Deluxe Corporation announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Announcement • May 20
Deluxe Launches Generative AI Enterprise Platform Deluxe introduced DAX, a new AI-powered assistant designed to help partners make faster decisions and achieve better outcomes. By turning complex data into clear, actionable insights, DAX empowers users to improve daily performance--creating value for both customers and shareholders. Now live within the Deluxe Merchant Services Daily Dashboard, DAX is built on the Deluxe.ai enterprise platform, which blends artificial intelligence with human expertise, all grounded in privacy, compliance, and responsible AI practices. Powered by natural language processing and trained on pre-approved Deluxe content, DAX provides 24/7, human-like support for common product and portfolio questions. The result is a streamlined user experience and faster, more informed decision-making for partners. Key use cases enabled by DAX include: Merchant Partner Chatbot: Embedded in the Daily Dashboard, DAX offers real-time, self-serve answers backed by curated Deluxe content, with seamless handoff to live agents when needed. Customer Service Agent Assist: An internal tool that provides agents with real-time access to product information and documentation, enabling faster responses and improved customer outcomes. AI-Powered Website Assistant: A digital assistant designed to help customers and interested parties navigate key Deluxe solutions--like Deluxe Payment Exchange+ (DPX+)--enabling faster self-service access to product and usage documentation through conversational, natural language interaction. While tools like DAX improve speed and convenience, live support remains a critical part of the experience. AI assistants are meant to enhance--not replace--the trusted, human service Deluxe partners rely on. Deluxe.ai, recognized with a 2025 CIO 100 award, reflects the enterprise-wide approach to innovation at Deluxe. The platform is designed for reusability, secure integration with Large Language and Foundation Models, and is supported by a Trust Layer that ensures strong cybersecurity, regulatory compliance, and ethical AI outcomes. Announcement • May 06
Deluxe Corporation Unveils Reimagined Deluxe.connect, A Next-Generation Developer Portal Designed to Accelerate Innovation Deluxe Corporation announced the launch of Deluxe.connect, a complete reimagining of its developer portal built to empower partners, Independent Software Vendors (ISVs), and enterprise developers to build, scale, and innovate faster. More than just a visual refresh, the portal is a strategic transformation grounded in four pillars: User Experience, Technology Stack, Performance, and Information Architecture. Built from the ground up, the portal delivers a modern, modular platform that showcases Deluxe leadership in powering smart, scalable commerce solutions--simplifying integrations and creating a seamless experience for developer partners. What's New: Modern Developer Experience: A clean, responsive interface built with front-end design library React and fully aligned to the Unify design system ensures improved usability and accessibility across devices. Enhanced Performance: Page load times now clock in under a second, supported by a scalable infrastructure that dynamically adapts to usage demands. Powerful Architecture: The microservices- and micro-frontend-based platform enables rapid deployment, fault tolerance, and continuous delivery of new features via a robust CI/CD pipeline. Smarter Information Architecture: Designed to grow with the expanding product portfolio at Deluxe, the portal offers intuitive navigation, improved product discovery, and a newly revamped API reference aligned to industry standards. Streamlined Onboarding: Whether you're an ISV integrating payments or a customer exploring data services, Deluxe.connect surfaces the right documentation, APIs, and guidance to accelerate time-to-value. With this upgrade, Deluxe is enabling developers and partners to build confidently on a foundation that's both technologically advanced and strategically aligned with business growth. Announcement • May 02
Deluxe Corporation announces Quarterly dividend, payable on June 02, 2025 Deluxe Corporation announced Quarterly dividend of USD 0.3000 per share payable on June 02, 2025, ex-date on May 19, 2025 and record date on May 19, 2025. Announcement • Apr 23
Deluxe Corporation ReceivablesR360 +™ Achieves ISO 20022 Compatibility Deluxe Corporation announced its ReceivablesR360+™ platform is fully ISO 20022 enabled. This important milestone marks a significant advancement for Deluxe in serving its banking partners and financial institution clients by ensuring seamless integration of all payment types into the company's receivables suite. To achieve this compatibility, Deluxe partnered with IBM Consulting and the IBM Payments Center team to leverage their deep data and integration expertise. Through R360+™?, Deluxe eliminates this complexity by consolidating all payment channels into a unified data model, enabling streamlined communication with ERP systems. This simplification shortens the onboarding process and accelerates the time to realizing the value of the data-rich ISO 20022 format. Once onboarded, customers can take full advantage of the integrated suite of receivables capabilities Deluxe offers--including Lockbox, Remote Deposit Capture, and dispute resolution--all within a single, intelligent platform. ISO 20022 is the global standard for financial messaging, developed to modernize how financial institutions exchange payment data. Mandated by the federal government for its consistency, rich data structure and ability to improve interoperability, ISO 20022 is quickly becoming the industry benchmark for electronic data exchange. Announcement • Apr 17
Deluxe Corporation to Report Q1, 2025 Results on Apr 30, 2025 Deluxe Corporation announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 30, 2025 Announcement • Mar 11
Deluxe Corporation, Annual General Meeting, Apr 24, 2025 Deluxe Corporation, Annual General Meeting, Apr 24, 2025. Announcement • Feb 22
Deluxe Corporation Announces Board and Committee Changes Deluxe Corporation has announced the election of Morgan M. “Mac” Schuessler to its Board of Directors. Mr. Schuessler brings more than three decades of experience in the payments and financial technology industries to Deluxe, including his current position as Chief Executive Officer, President, and director of Evertec Group, a position he has held since 2015. He previously served as the President, International, at Global Payments between 2005 and 2014, and served in multiple leadership positions with American Express Corporate Services. Schuessler serves on the boards of Endeavor Puerto Rico, Smithsonian National Board, and Wharton Executive Education. He holds a bachelor's degree from New York University and MBA from Emory University Goizueta Business School, where he served on the Dean's Advisory Board for 13 years. He also completed the General Management Program at the Wharton School. Also on February 20, 2025, the Board made committee assignments for its two newest members, such appointments being effective April 23, 2025. Mr. Schuessler was appointed to the Audit and Finance Committee and Corporate Governance Committee, and Hugh S. Cummins was appointed to the Audit and Finance Committee and Compensation and Talent Committee. Announcement • Feb 12
Deluxe Now Offers Tap to Pay on Iphone for Merchants to Accept Contactless Payments Deluxe enabled its U.S. customers to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone allows merchants to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the dlxPAY app—no additional hardware or payment terminal needed. Using Tap to Pay on iPhone is easy, secure and private. With Tap to Pay on iPhone, at checkout, merchants will simply prompt the customer to hold their contactless payment near the merchant’s iPhone, and the payment will be securely completed using NFC technology. Apple’s Tap to Pay on iPhone technology uses the built-in features of iPhone to keep the business and customer data private and secure. When a payment is processed, Apple does not store card numbers or transaction information on the device or on Apple servers. Tap to Pay on iPhone enables merchants to unlock contactless payment acceptance within minutes through the dlxPAY iOS appnow available on the Apple App Store. Announcement • Jan 23
Deluxe Corporation to Report Q4, 2024 Results on Feb 05, 2025 Deluxe Corporation announced that they will report Q4, 2024 results After-Market on Feb 05, 2025 Announcement • Jan 21
Deluxe Launches Mobile App dlxPAY to Provide Merchants with Seamless Payment Solutions Deluxe announced the launch of dlxPAY, a new mobile app designed to enhance the payment experience for merchants and partners. The app provides businesses with a powerful, secure, and user-friendly tool for managing payments on the go, ensuring merchants can meet the demands of today’s fast-paced market. dlxPAY offers merchants a suite of features tailored to streamline payment processing, including real-time transaction management, advanced security, and customizable notifications. Additionally, the app integrates with Ingenico’s Moby 5500 device, adding flexibility for businesses that require mobile payment solutions, including contactless and Europay, Mastercard and Visa (EMV)-chip card acceptance. Using the new Deluxe Software Development Kit, Independent Software Vendors (ISVs) can now easily integrate Deluxe payment solutions and the Moby 5500 into iOS and Android applications. This powerful mobile solution allows businesses to streamline payments through secure, EMV-compliant transactions, while offering ISVs the flexibility to build seamless, customized mobile payment experiences. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €22.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Commercial Services industry in Germany. Total loss to shareholders of 19% over the past three years. Declared Dividend • Nov 12
Third quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 19th November 2024 Payment date: 2nd December 2024 Dividend yield will be 5.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is well covered by cash flows (42% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 6.4% to bring the payout ratio under control. EPS is expected to grow by 54% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.20 (vs US$0.18 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.20 (up from US$0.18 loss in 3Q 2023). Revenue: US$528.4m (down 1.8% from 3Q 2023). Net income: US$8.90m (up US$16.9m from 3Q 2023). Profit margin: 1.7% (up from net loss in 3Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 16% per year. Announcement • Oct 24
Deluxe Corporation to Report Q3, 2024 Results on Nov 06, 2024 Deluxe Corporation announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Announcement • Oct 15
Deluxe Corporation Appoints Kimberly D. Cross as Its Chief Human Resources Officer Deluxe Corporation appointed Kimberly D. Cross as its Chief Human Resources Officer. Cross brings nearly 30 years of experience as a strategic and accomplished HR leader, with a proven track record of leading growth and innovation by continually improving strategies focused on people, teams, and culture. Cross joins Deluxe from Fiserv, where she served as Senior Vice President, Head of HR for Merchant Solutions, the company’s largest segment. She was responsible for talent and succession planning, organizational design, culture, leadership development, and people platform priorities. Previously, she served in increasingly senior HR roles at Bank of America and the Coca-Cola Company. Cross started her career as a psychologist with the U.S. Navy flight program. Announcement • Aug 22
Deluxe Corporation Announces Resignation of Chad P. Kurth as Principal Accounting Officer, Effective September 10, 2024 On August 14, 2024, Chad P. Kurth, Deluxe Corporation’s (the Company) Principal Accounting Officer, notified the Company of his resignation, effective September 10, 2024. Announcement • Aug 16
Deluxe Corporation Announces the Election of Angela L. Brown to its Board of Directors Deluxe Corporation has announced the election of Angela L. Brown to its Board of Directors. She will serve on the Audit and Finance Committee and the Corporate Governance Committee. Ms. Brown served for ten years, until May 2023, as the President and CEO of Moneris Solutions Corporation, a Canadian merchant services company specializing in payment processing. She previously served as Group Executive, Enterprise Development, Merchants & Acceptance, for MasterCard Worldwide, and held multiple senior banking positions at both Fifth Third Bank in Cincinnati and Canadian Imperial Bank of Commerce in Toronto. Since 2016, Ms. Brown has served as a non-executive director of Altus Group, where she chairs the Human Resources and Compensation Committee. She also recently completed her term as chair of TechNation, a non-profit association of major technology firms operating in Canada, championing digital economy and evolution. Ms. Brown holds an MBA from the Schulich School of Business and a Bachelor of Arts degree from the University of Toronto. She is a graduate of the NACD Director Professionalism Course, the Rotman School of Management's Financial Literacy Program and holds a CERT Certificate in Cybersecurity Oversight from the Software Engineering Institute/Carnegie Mellon University. Declared Dividend • Aug 05
Second quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 19th August 2024 Payment date: 3rd September 2024 Dividend yield will be 5.7%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (138% earnings payout ratio). However, it is well covered by cash flows (43% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 53% to bring the payout ratio under control. EPS is expected to grow by 40% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.46 (vs US$0.38 in 2Q 2023) Second quarter 2024 results: EPS: US$0.46 (up from US$0.38 in 2Q 2023). Revenue: US$537.8m (down 5.9% from 2Q 2023). Net income: US$20.5m (up 25% from 2Q 2023). Profit margin: 3.8% (up from 2.9% in 2Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Jul 18
Deluxe Corporation to Report Q2, 2024 Results on Jul 31, 2024 Deluxe Corporation announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Announcement • May 22
Deluxe Hires John Rubinetti as President of B2B Payments business Deluxe announced the appointment of John Rubinetti as President of its B2B Payments business. Rubinetti brings a wealth of experience and a proven track record of driving growth and innovation in Treasury and B2B payment solutions. With specialized expertise in leading large sales and relationship management organizations, Rubinetti has successfully crafted strategies and delivered results across a spectrum of customer segments touching B2B and merchant services, from fledgling startups to Fortune 100 enterprises. Rubinetti joins Deluxe from Fiserv, where he served as Senior Vice President/General Manager, Head of SMB, Middle Market & Strategic Partnerships. During his tenure at Fiserv, he led initiatives in strategic business development, product strategy, and cross-functional team leadership, driving innovation and delivering value-driven solutions. He previously held executive positions of increasing responsibility at RBS/Citizens, American Express and Bank of America Merchant Services. Declared Dividend • May 06
First quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 17th May 2024 Payment date: 3rd June 2024 Dividend yield will be 5.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (154% earnings payout ratio). However, it is well covered by cash flows (39% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 71% to bring the payout ratio under control. EPS is expected to grow by 41% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$0.24 (vs US$0.063 in 1Q 2023) First quarter 2024 results: EPS: US$0.24 (up from US$0.063 in 1Q 2023). Revenue: US$535.0m (down 1.9% from 1Q 2023). Net income: US$10.8m (up 294% from 1Q 2023). Profit margin: 2.0% (up from 0.5% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Apr 19
Deluxe Corporation to Report Q1, 2024 Results on May 01, 2024 Deluxe Corporation announced that they will report Q1, 2024 results After-Market on May 01, 2024 Announcement • Apr 10
Deluxe Corporation, Annual General Meeting, Apr 25, 2024 Deluxe Corporation, Annual General Meeting, Apr 25, 2024. Agenda: To approve the compensation of named executive officers. Upcoming Dividend • Feb 09
Upcoming dividend of US$0.30 per share at 5.9% yield Eligible shareholders must have bought the stock before 16 February 2024. Payment date: 04 March 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.9%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (4.3%). Declared Dividend • Feb 04
Fourth quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 16th February 2024 Payment date: 4th March 2024 Dividend yield will be 6.0%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (201% earnings payout ratio). However, it is covered by cash flows (54% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 124% to bring the payout ratio under control. EPS is expected to grow by 81% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: US$0.60 (vs US$1.52 in FY 2022) Full year 2023 results: EPS: US$0.60 (down from US$1.52 in FY 2022). Revenue: US$2.19b (down 2.0% from FY 2022). Net income: US$26.1m (down 60% from FY 2022). Profit margin: 1.2% (down from 2.9% in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 17% per year. Announcement • Jan 19
Deluxe Corporation to Report Q4, 2023 Results on Feb 01, 2024 Deluxe Corporation announced that they will report Q4, 2023 results Pre-Market on Feb 01, 2024 Announcement • Dec 06
Deluxe Corporation Reaffirms Earnings Guidance for the Year 2023 and Provides Earnings Guidance for the Year 2024 Deluxe Corporation reaffirmed earnings guidance for the year 2023 and provided earnings guidance for the year 2024. The company will reaffirm its existing guidance for 2023. For the year 2024, the company expects revenue to be in the range of $2.14 billion to $2.18 billion. Upcoming Dividend • Nov 10
Upcoming dividend of US$0.30 per share at 6.8% yield Eligible shareholders must have bought the stock before 17 November 2023. Payment date: 04 December 2023. The company is paying out more than 100% of its profits and is paying out 80% of its cash flow. Trailing yield: 6.8%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (4.6%). Reported Earnings • Nov 03
Third quarter 2023 earnings released: US$0.18 loss per share (vs US$0.34 profit in 3Q 2022) Third quarter 2023 results: US$0.18 loss per share (down from US$0.34 profit in 3Q 2022). Revenue: US$537.8m (down 3.1% from 3Q 2022). Net loss: US$8.00m (down 154% from profit in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Oct 20
Deluxe Corporation to Report Q3, 2023 Results on Nov 02, 2023 Deluxe Corporation announced that they will report Q3, 2023 results Pre-Market on Nov 02, 2023 Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Telisa Yancy was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 11
Upcoming dividend of US$0.30 per share at 5.9% yield Eligible shareholders must have bought the stock before 18 August 2023. Payment date: 05 September 2023. Payout ratio is on the higher end at 98%, and the cash payout ratio is above 100%. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.3%). Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$0.38 (vs US$0.51 in 2Q 2022) Second quarter 2023 results: EPS: US$0.38 (down from US$0.51 in 2Q 2022). Revenue: US$571.7m (up 1.6% from 2Q 2022). Net income: US$16.4m (down 26% from 2Q 2022). Profit margin: 2.9% (down from 3.9% in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Jul 23
Deluxe Corporation to Report Q2, 2023 Results on Aug 03, 2023 Deluxe Corporation announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023 Announcement • Jul 22
Deluxe Adds Two to Executive Leadership Team Deluxe, has announced two additions to its Executive Leadership Team, effective July 1, 2023. These additions form a realigned leadership team designed to better reflect the company’s portfolio mix and offerings. Debra Bradford has been named President of Merchant Services. Debra joined First American Payment Systems by Deluxe in 2001 and has served as President and Chief Financial Officer of First American since 2008. Deluxe acquired First American in 2021, the acquisition in the company’s history. The successful integration of these organizations has nearly doubled the size of the Deluxe Payments business, resulting in an expanded portfolio of offerings and opening up synergistic opportunities for Deluxe customers. Kristopher Lazzaretti joined First Manhattan Consulting Group (FMCG) in 2006, where he co-founded FMCG Direct. Deluxe acquired FMCG in 2017, with Kris most recently serving as head of Data-Driven Marketing (DDM) for Deluxe. DDM has become a core offering for Deluxe, having grown consistently since the acquisition and representing the company’s stronghold in the data analytics space. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €16.40, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Commercial Services industry in Germany. Total loss to shareholders of 16% over the past three years. Upcoming Dividend • May 12
Upcoming dividend of US$0.30 per share at 8.2% yield Eligible shareholders must have bought the stock before 19 May 2023. Payment date: 05 June 2023. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 8.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.7%). Reported Earnings • May 06
First quarter 2023 earnings released: EPS: US$0.064 (vs US$0.23 in 1Q 2022) First quarter 2023 results: EPS: US$0.064 (down from US$0.23 in 1Q 2022). Revenue: US$545.4m (down 1.9% from 1Q 2022). Net income: US$2.80m (down 71% from 1Q 2022). Profit margin: 0.5% (down from 1.7% in 1Q 2022). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €13.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.10 per share. Upcoming Dividend • Feb 10
Upcoming dividend of US$0.30 per share at 6.2% yield Eligible shareholders must have bought the stock before 17 February 2023. Payment date: 06 March 2023. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.6%). Announcement • Feb 08
OPEX Corporation's Gemini Scanner Enhances Deluxe Corporation's Payment Processing Services OPEX Corporation have introduced a new way to enhance Deluxe’s business operations with the award-winning Gemini high-volume document scanner. OPEX Gemini scanner features “Right-Speed” technology, a unique scanning capability that enables different types of documents to be scanned at different speeds without changing equipment. With scan speeds of up to 240 pages per minute, the Gemini scanner features a dual-feeder design and the ability for continuous feeding. OPEX unveiled the Gemini scanner with “Right-Speed” scanning in April 2022. In September, Deluxe began testing the machine. Deluxe purchased five Gemini scanners along with other OPEX solutions to meet their growing business and customer needs. Reported Earnings • Feb 04
Full year 2022 earnings released: EPS: US$1.51 (vs US$1.48 in FY 2021) Full year 2022 results: EPS: US$1.51 (up from US$1.48 in FY 2021). Revenue: US$2.24b (up 11% from FY 2021). Net income: US$65.4m (up 4.5% from FY 2021). Profit margin: 2.9% (down from 3.1% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 5.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Feb 01
HostPapa, Inc. agreed to acquire Remainder web hosting and logo design businesses of Deluxe Corporation. HostPapa, Inc. agreed to acquire Remainder web hosting and logo design businesses of Deluxe Corporation this week. This transaction follows last year’s sale of Deluxe’s Australian Hostopia business to Newfold Digital and represents a complete exit from the web hosting and logo design market. Deluxe web hosting and logo design employees will transition to become employees of HostPapa as of the closing. The transaction is expected to close in the first quarter subject to the satisfaction of customary closing conditions. Announcement • Jan 20
Deluxe Corporation to Report Fiscal Year 2022 Results on Feb 02, 2023 Deluxe Corporation announced that they will report fiscal year 2022 results at 9:30 AM, US Eastern Standard Time on Feb 02, 2023 Upcoming Dividend • Nov 11
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 18 November 2022. Payment date: 05 December 2022. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.2%). Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: US$0.34 (vs US$0.29 in 3Q 2021) Third quarter 2022 results: EPS: US$0.34 (up from US$0.29 in 3Q 2021). Revenue: US$555.0m (up 4.3% from 3Q 2021). Net income: US$14.7m (up 18% from 3Q 2021). Profit margin: 2.6% (up from 2.3% in 3Q 2021). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • Oct 21
Deluxe Corporation to Report Q3, 2022 Results on Nov 03, 2022 Deluxe Corporation announced that they will report Q3, 2022 results Pre-Market on Nov 03, 2022 Upcoming Dividend • Aug 12
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 19 August 2022. Payment date: 06 September 2022. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.6%). Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.51 (vs US$0.29 in 2Q 2021) Second quarter 2022 results: EPS: US$0.51 (up from US$0.29 in 2Q 2021). Revenue: US$563.0m (up 18% from 2Q 2021). Net income: US$22.1m (up 83% from 2Q 2021). Profit margin: 3.9% (up from 2.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jul 22
Deluxe Corporation to Report Q2, 2022 Results on Aug 04, 2022 Deluxe Corporation announced that they will report Q2, 2022 results Pre-Market on Aug 04, 2022 Announcement • Jul 08
Deluxe Corporation Announces Management Changes Deluxe announced the promotion of two leaders to the executive level. Jean Herrick: previously Vice President of Human Resources, has been promoted to Senior Vice President and Chief Human Resources Officer. Jean has been with Deluxe for nearly 30 years and has been key to the company’s evolution and transformation, with deep knowledge into all parts of the business. Cameron Potts: previously Vice President of Corporate Communications, has been promoted to Senior Vice President and Chief Communications Officer. Cam joined Deluxe in 2014 and has led the company’s external and internal communications efforts for the past eight years. Announcement • May 24
Deluxe Names Tracey Engelhardt Chief of Operations Deluxe Corporation announced that Tracey Engelhardt, President of Checks, has taken on additional responsibilities as Chief of Operations. Engelhardt has been with Deluxe for nearly 30 years, overseeing the company’s strong position in checking programs for banks, businesses, and consumers. Her extensive knowledge of the industry, as well as deep understanding of the operations and manufacturing process within Deluxe, makes this addition to her portfolio a natural move for the company. Engelhardt, who has been a member of the Deluxe executive team for more than 10 years, is the first woman to run operations for Deluxe in its 107-year history. She will also continue as President of the Checks division. Deluxe was recently recognized by the University of St. Catherine’s in St. Paul, Minnesota, for its ongoing commitment to gender diversity among its executive leadership team and board of directors. Upcoming Dividend • May 13
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 20 May 2022. Payment date: 06 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (3.4%). Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$0.22 (vs US$0.58 in 1Q 2021) First quarter 2022 results: EPS: US$0.22 (down from US$0.58 in 1Q 2021). Revenue: US$556.0m (up 26% from 1Q 2021). Net income: US$9.60m (down 60% from 1Q 2021). Profit margin: 1.7% (down from 5.5% in 1Q 2021). Over the next year, revenue is forecast to grow 3.4%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.