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Sep 30, 2021
Deluxe Q3 2021 Earnings Report
Deluxe reported third quarter results and affirmed its 2021 outlook.
Key Takeaways
Deluxe reported a 21.1% increase in third quarter revenue, driven by solid growth in Payments, Cloud, and Promotional Solutions. The acquisition of First American continued to exceed expectations. The company reaffirmed its 2021 outlook, expecting revenue growth of 10 to 12%.
Third quarter revenue increased 21.1%; up 2.3% excluding contribution from First American
Solid growth in Payments, Cloud, and Promotional Solutions
First American continues to exceed expectations with cross-selling initiatives well underway
Declared regular quarterly dividend
Forward Guidance
The company continues to expect the following for full year 2021: Revenue growth of 10 to 12%, Excluding First American, revenue growth of 0 to 2%, Adjusted EBITDA margin between 20 and 21%, Capital expenditures of $95 to $105 million, Adjusted tax rate of approximately 25%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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