NYSE$DLX

Deluxe Corporation · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Deluxe's financial performance improved with increased net income and EPS, driven by stronger operating results and reduced restructuring spend.

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.

Headline financials

Total Revenue

$538M

Previous: $572M-5.9%
EPS

$0.46

Previous: $0.93-50.5%
Capital Expenditures

-$28.2M

No prior period
Free Cash Flow

$20.5M

Previous: $16.4M+24.9%
Net Income

$20.5M

Previous: $16.4M+24.9%
Operating Income

$59.3M

Previous: $54.1M+9.6%
Gross Profit

$289M

Previous: $302M-4.3%
Cash & Equivalents

$23.1M

Previous: $39.1M-40.9%
Total Assets

$2.67B

Previous: $2.92B-8.8%
Stock-Based Comp

$5.01M

Previous: $5.48M-8.7%

Revenue & EPS history

Deluxe · Revenue · Quarterly

$538M

Q2 2024-5.9%vs Q2 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Deluxe · $64M total across 1 segment · Q3 2023

  • Data Solutions
    $64M

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

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+1.3%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+0.3%

Avg return

30 days after

59%

40 / 68 earnings

Positive

+18.5%

Q3 2024

Best reaction

-12.8%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.2%-3.9%-12.0%
Q4 2025+13.3%+14.5%+16.1%
Q3 2025+14.3%+13.4%+14.8%
Q1 2025+1.0%+4.3%-2.3%
Q4 2024-11.3%-17.8%-27.5%
Q3 2024+18.5%+26.4%+21.9%
Q2 2024-9.0%-18.7%-14.3%
Q1 2024+9.2%+11.2%+15.1%
Q4 2023+10.0%+10.2%+2.6%
Q3 2023+14.5%+12.8%+16.2%
Q2 2023+10.5%+15.4%+10.8%
Q1 2023+1.6%+3.4%+17.7%
Q4 2022+0.9%+0.2%-9.2%
Q3 2022+8.1%+10.7%+7.8%
Q2 2022-7.1%-10.4%-28.3%
Q1 2022-7.1%-12.2%-17.1%
Q4 2021+3.1%+1.5%+6.3%
Q3 2021-1.6%-2.5%-11.6%
Q2 2021-2.6%-2.4%-7.9%
Q1 2021-1.1%-4.4%-1.0%
Q4 2020+3.4%+4.2%+10.7%
Q3 2020-2.5%+18.6%+24.4%
Q2 2020+13.7%+13.5%+18.2%
Q1 2020+2.1%-9.6%+17.5%
Q4 2019-12.8%-13.5%-31.4%
Q3 2019+4.5%+8.5%+1.6%
Q2 2019+3.0%+2.4%+3.1%
Q1 2019-4.5%-3.6%-15.0%
Q4 2018+9.1%+9.5%+12.9%
Q3 2018-12.4%-4.5%-3.9%
Q2 2018-9.0%-8.2%-6.8%
Q1 2018-5.5%-7.9%-10.3%
Q4 2017-0.4%-2.2%-4.7%
Q3 2017-4.8%-5.5%-7.0%
Q2 2017+3.4%+3.0%-3.6%
Q1 2017+0.1%+1.4%-5.2%
Q4 2016-2.3%-2.2%+1.4%
Q3 2016-3.3%-3.3%+10.7%
Q2 2016-2.4%-2.3%-0.7%
Q1 2016+0.2%
Q4 2015+9.6%
Q3 2015+1.7%
Q2 2015+0.9%
Q1 2015-3.2%
Q4 2014+5.8%
Q3 2014+3.3%
Q2 2014-2.1%
Q1 2014+0.8%
Q4 2013-5.0%
Q3 2013+2.4%
Q2 2013+2.9%
Q1 2013-1.1%
Q4 2012+7.9%
Q3 2012+5.2%
Q2 2012+5.7%
Q1 2012+7.8%
Q4 2011+1.6%
Q3 2011+0.9%
Q2 2011-3.7%
Q4 2010-3.7%
Q1 2010+1.5%
Q1 2011+1.8%
Q4 2008-5.6%
Q3 2009+6.8%
Q3 2010+6.8%
Q2 2009-3.3%
Q4 2009-3.3%
Q2 2010-3.3%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro