NYSE$DLX

Deluxe Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Delivered consolidated revenue growth and reaffirmed full-year guidance

Deluxe reported a 4.3% increase in consolidated revenue, driven by Payments, Promotional Solutions, and Checks. Net income rose by 17.6% to $14.7 million, and Adjusted EBITDA improved by 1.9% to $104.6 million. The company reaffirmed its full-year 2022 guidance.

  • Consolidated revenue grew by 4.3% in Q3, led by Payments, Promotional Solutions, and Checks.
  • Excluding business exits, revenue growth was 6.6%, with all four segments showing year-over-year sales growth.
  • Net income increased by 17.6% year-over-year to $14.7 million.
  • Adjusted EBITDA improved by 1.9% year-over-year to $104.6 million.

Headline financials

Total Revenue

$555M

Previous: $532M+4.3%
EPS (adj)

$0.99

Previous: $1.10-10.0%
Adjusted EBITDA Margin

18.8%

Previous: 19.3%-2.6%
Free Cash Flow

$14.7M

Previous: $12.5M+18.1%
Net Income

$14.7M

Previous: $12.5M+18.1%
Operating Income

$41.6M

Previous: $36.4M+14.3%
Gross Profit

$299M

Previous: $288M+3.8%
Cash & Equivalents

$45.5M

Previous: $121M-62.4%
Total Assets

$2.96B

Previous: $3.01B-1.6%
Stock-Based Comp

$5.73M

Previous: $7.43M-22.9%

Revenue & EPS history

Deluxe · Revenue · Quarterly

$555M

Q3 2022+4.3%vs Q3 2021
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 continues to expect revenue growth of 8% to 10% as reported; or 10% to 12% excluding the impact of business exits. Adjusted EBITDA margin rate of 18.5% to 19.0%. Capital expenditures of approximately $105 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 Q3 2022

Historical avgQ3 2022

+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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