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Jun 30, 2024
Deluxe Q2 2024 Earnings Report
Deluxe's financial performance improved with increased net income and EPS, driven by stronger operating results and reduced restructuring spend.
Key Takeaways
Deluxe reported a decrease in revenue by 5.9%, but net income increased to $20.5 million. The company affirms its 2024 guidance for adjusted EBITDA, adjusted diluted EPS, and free cash flow.
Revenue decreased by 5.9%, while comparable adjusted revenue decreased by 3.0%.
Net income increased to $20.5 million, up from $16.4 million in the previous year.
GAAP diluted EPS expanded 24.3% to $0.46; Comparable adjusted diluted EPS improved 4.9% to $0.85.
Comparable adjusted EBITDA increased 1.6% to $101.8 million.
Revenue by Segment
Forward Guidance
The Company expects the following for full-year 2024, all figures are approximate and reflect the impact of business exits over the past 12 months: Revenue of $2.12 to $2.16 billion, Adjusted EBITDA of $400 to $420 million, Adjusted diluted EPS of $3.10 to $3.40, Free cash flow of $80 to $100 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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