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Sep 30, 2024
Deluxe Q3 2024 Earnings Report
Reported revenue decreased slightly, net income improved significantly, and comparable adjusted EPS increased.
Key Takeaways
Deluxe reported a slight decrease in revenue but a significant improvement in net income, driven by cost management and gains from business exits. Comparable adjusted EBITDA and EPS also showed growth, and the company narrowed its 2024 guidance within existing ranges. The company delivered another strong quarter of comparable adjusted EBITDA, EPS, and free cash flow growth, enabling net debt reduction of nearly $45 million, during the third quarter.
Revenue decreased by 1.7%, while comparable adjusted revenue decreased by 0.7%.
Net income improved to $8.9 million from a net loss of $8.0 million in the previous year.
Comparable adjusted EBITDA increased by 6.9% to $104.5 million.
Comparable adjusted diluted EPS improved by 12.0% to $0.84.
Revenue by Segment
Forward Guidance
The Company expects the following for full-year 2024: •Revenue of $2.12 to $2.14 billion •Adjusted EBITDA of $405 to $415 million •Adjusted diluted EPS of $3.20 to $3.35 •Free cash flow of $90 to $100 million
Positive Outlook
- Revenue of $2.12 to $2.14 billion
- Adjusted EBITDA of $405 to $415 million
- Adjusted diluted EPS of $3.20 to $3.35
- Free cash flow of $90 to $100 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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