Loading...
•
Jun 30, 2023
Deluxe Q2 2023 Earnings Report
Deluxe reported an increase in revenue and comparable adjusted revenue. GAAP diluted EPS was $0.37 and adjusted diluted EPS was $0.93.
Key Takeaways
Deluxe reported a 1.5% increase in revenue and a 2.6% increase in comparable adjusted revenue for Q2 2023. The momentum continues with comparable adjusted revenue increases in all four segments, putting the company on a solid trajectory for its third consecutive year of comparable adjusted revenue growth. The company is raising its full-year 2023 guidance for revenue and earnings.
Reported revenue increased 1.5%, and comparable adjusted revenue increased 2.6%.
Second quarter GAAP diluted EPS was $0.37 and adjusted diluted EPS was $0.93.
Net income was $16.4 million, down from $22.1 million in the prior year.
Adjusted EBITDA increased 6.6%, and comparable adjusted EBITDA increased 7.2%.
Revenue by Segment
Forward Guidance
The Company now expects the following for full-year 2023, inclusive of divestitures, and all figures are approximate:
Positive Outlook
- Revenue of $2.180 to $2.220 billion, up from $2.145 to $2.210 billion
- Adjusted EBITDA of $400 to $415 million, up from $390 to $405 million
- Adjusted EPS of $3.10 to $3.40, up from $2.90 to $3.25
- Free cash flow of $80 to $100 million, unchanged from our prior guidance
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...