NYSE$DLX

Deluxe Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Deluxe reported third quarter results and affirmed its 2021 outlook.

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

Headline financials

Total Revenue

$532M

Previous: $439M+21.1%
EPS (adj)

$1.10

Previous: $1.47-25.2%
Adjusted EBITDA Margin

19.3%

Previous: 23.3%-17.2%
Free Cash Flow

$12.5M

Previous: $29.4M-57.6%
Net Income

$12.5M

Previous: $29.4M-57.6%
Operating Income

$36.4M

Previous: $44.4M-18.0%
Gross Profit

$288M

Previous: $265M+8.7%
Cash & Equivalents

$121M

Previous: $310M-61.0%
Total Assets

$3.01B

Previous: $2.01B+49.8%
Stock-Based Comp

$7.43M

Previous: $6.24M+19.1%

Revenue & EPS history

Deluxe · Revenue · Quarterly

$532M

Q3 2021+21.1%vs Q3 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

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

  • Data Solutions
    $64M

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

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+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%

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