NYSE$DLX
Deluxe Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported third quarter results and increased full-year 2023 earnings outlook.
Deluxe reported a decrease in revenue by 3.1%, but comparable adjusted revenue was flat year-over-year. The company experienced a net loss of $8.0 million, down from a net income of $14.7 million in the prior year. However, the company increased its full-year 2023 guidance for adjusted EBITDA and adjusted EPS.
- Revenue decreased 3.1%, but comparable adjusted revenue was flat year-over-year.
- GAAP diluted EPS was ($0.18), while adjusted diluted EPS was $0.79.
- Net loss of $8.0 million, down from net income of $14.7 million in the prior year.
- Adjusted EBITDA decreased 2.6%, while comparable adjusted EBITDA increased 3.0%.
Headline financials
Revenue & EPS history
Deluxe · Revenue · Quarterly
$538M
Revenue by segment
Deluxe · $64M total across 1 segment · Q3 2023
- Data Solutions$64M—100.0%
Forward guidance
The Company updated the following guidance for full-year 2023, inclusive of divestitures, and all figures are approximate:
Tailwinds
- Revenue of $2.180 to $2.220 billion, unchanged from our prior guidance
- Adjusted EBITDA of $405 to $420 million, up from $400 to $415 million
- Adjusted EPS of $3.20 to $3.45, up from $3.10 to $3.40
Headwinds
- Free cash flow of $60 to $80 million, lowered from $80 to $100 million to reflect in-year cash charges
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 2023
+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
| Quarter | Report date | Reaction (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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