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Mar 31, 2022
Deluxe Q1 2022 Earnings Report
Delivered consolidated revenue growth and affirmed full year 2022 guidance.
Key Takeaways
Deluxe reported a strong start to 2022 with consolidated revenue growth of 26.0% in the first quarter. All four segments delivered year-over-year sales-driven revenue growth. The company affirmed its full year 2022 guidance.
Consolidated revenue grew by 26.0% in the first quarter.
Revenue increased 7.1% excluding First American.
All four segments achieved year-over-year revenue growth.
The company affirmed its full year 2022 guidance.
Forward Guidance
The company continues to expect revenue growth of 8% to 10%, an adjusted EBITDA margin of approximately 20%, and capital expenditures of approximately $105 million for full year 2022.
Positive Outlook
- Revenue growth of 8% to 10% expected.
- Includes a full year impact from First American.
- Adjusted EBITDA margin of approximately 20% expected.
- Company expects to maintain strong financial performance.
- Capital expenditures of approximately $105 million
Challenges Ahead
- Subject to prevailing macroeconomic conditions.
- Anticipated continued supply chain constraints.
- Labor supply issues.
- Inflation.
- Impact of recent divestitures.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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