NYSE$DLX

Deluxe Corporation · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Deluxe reported its financial results for the fourth quarter and full year ended December 31, 2024, showing a decrease in revenue but an increase in net income and comparable adjusted EBITDA.

Deluxe reported a decrease in fourth-quarter revenue by 3.1% from the previous year, with comparable adjusted revenue decreasing by 2.1%. Net income for the quarter was down to $12.6 million from $15.0 million in Q4 2023. However, comparable adjusted EBITDA margin increased to 19.9%, up 60 basis points year over year, and comparable adjusted diluted EPS was up 9.1%.

  • Fourth quarter reported revenue decreased 3.1% from the previous year.
  • Comparable adjusted revenue for Q4 decreased 2.1% compared to the previous year.
  • Net income for the fourth quarter was $12.6 million, down from $15.0 million in Q4 2023.
  • Comparable adjusted EBITDA margin for Q4 was 19.9%, up 60 basis points from the prior year.

Headline financials

Total Revenue

$521M

Previous: $537M-3.1%
EPS (adj)

$0.84

Previous: $0.80+5.0%
Comparable Adjusted EBITDA

$103M

Previous: $103M+0.8%
Adjusted EBITDA Margin

19.9%

Previous: 19.8%+0.5%
EBITDA

$85.9M

Previous: $95.8M-10.3%
Capital Expenditures

-$24.5M

Previous: -$19.9M-23.3%
Net Income

$12.6M

Previous: $15M-16.0%
Operating Income

$47.1M

Previous: $51M-7.6%
Gross Profit

$272M

Previous: $284M-4.0%

Revenue & EPS history

Deluxe · Revenue · Quarterly

$521M

Q4 2024-3.1%vs Q4 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

For the full year 2025, Deluxe expects revenue between $2.090 billion and $2.155 billion, adjusted EBITDA between $415 million and $435 million, adjusted diluted EPS between $3.25 and $3.55, and free cash flow between $120 million and $140 million.

Tailwinds

  • Expected revenue range of $2.090 to $2.155 billion.
  • Anticipated Adjusted EBITDA of $415 to $435 million.
  • Projected Adjusted diluted EPS of $3.25 to $3.55.
  • Forecasted Free cash flow of $120 to $140 million.
  • Regular quarterly dividend of $0.30 per share approved.

Headwinds

  • Guidance remains subject to prevailing macroeconomic conditions.
  • Potential impact of global instability.
  • Challenges related to labor supply.
  • Effects of inflation on operations.
  • Impact of other potential changes to the company's portfolio.

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 Q4 2024

Historical avgQ4 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%

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