deluxe corp (DLX) Key Developments
Deluxe Corporation Introduces New Social Sweepstakes Product
Oct 6 15
Deluxe Corporation launched its new Social Sweepstakes product, a full-service, customizable solution that helps small businesses design, build, promote and execute branded sweepstakes on Facebook. Deluxe Social Sweepstakes is powered by Deluxe's social marketing technology, and is an efficient way for businesses to engage and incentivize fans on social media to help grow their email marketing databases while staying connected to their customers. The Social Sweepstakes solution is managed by Deluxe and includes the design and creation of the sweepstakes, a custom landing page, legal rules, an email marketing campaign, paid Facebook advertisements and reporting. The integrated approach increases fan engagement and helps generate new leads and conversions for Deluxe's smallbusiness customers.
Deluxe Corp. Presents at Annual Needham Interconnect Conference, Aug-05-2015 04:00 PM
Aug 2 15
Deluxe Corp. Presents at Annual Needham Interconnect Conference, Aug-05-2015 04:00 PM. Venue: The Westin Grand Central Hotel, 212 E. 42nd Street, New York, New York, United States.
Deluxe Declares Quarterly Dividend Payable on September 8, 2015
Jul 30 15
Deluxe Corp. declared a quarterly dividend of $0.30 per share on the company's outstanding common stock. The dividend will be payable on September 8, 2015 to shareholders of record at the close of business on August 24, 2015.
Deluxe Corp. Presents at CL King’s 13th Annual Best Ideas Conference 2015, Sep-10-2015 11:00 AM
Jul 29 15
Deluxe Corp. Presents at CL King’s 13th Annual Best Ideas Conference 2015, Sep-10-2015 11:00 AM. Venue: Omni Berkshire Place Hotel, New York, New York, United States.
Deluxe Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Year 2015; Provides Earnings Guidance for the Third Quarter of 2015
Jul 23 15
Deluxe Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income of $56.1 million or $1.11 per diluted share on total revenues of $435.9 million compared to net income of $50.1 million or $0.99 per diluted share on total revenues of $405.4 million a year ago. Operating income was $88.9 million compared to $85.0 million a year ago. Income before income taxes was $85.3 million compared to $75.8 million a year ago. Capital expenditures were $9.8 million compared to $8.9 million a year ago. EBITDA was $107.7 million compared to $101.7 million a year ago. Adjusted EBITDA was $109.3 million compared to $102.9 million a year ago. Adjusted operating income was $90.5 million against $86.2 million a year ago. Adjusted diluted EPS was $1.13 against $1.01 a year ago. Excluding restructuring and transaction-related costs in both periods, adjusted diluted EPS increased 11.9% year-over-year driven by stronger operating performance and lower interest expense, partly offset by a higher effective income tax rate. The company generated strong operating cash flow of $68 million for the quarter.
For the six months, the company reported net income of $102.0 million or $2.02 per diluted share on total revenues of $869.5 million compared to net income of $97.4 million or $1.92 per diluted share on total revenues of $812.4 million a year ago. Operating income was $174.2 million compared to $165.8 million a year ago. Income before income taxes was $155.6 million compared to $147.2 million a year ago. Capital expenditures were $19.3 million compared to $19.9 million a year ago. EBITDA was $202.2 million compared to $198.9 million a year ago. Adjusted EBITDA was $213.2 million compared to $204.0 million a year ago. Cash provided by operating activities was $77.7 million compared to $73.3 million a year ago. Adjusted diluted EPS was $1.04 compared to $0.98 a year ago. Cash provided operating activities was $146.0 million against $125.8 million a year ago. Adjusted operating income was $176.3 million against $170.6 million a year ago. The increase was driven primarily by improved operating performance, timing of collections associated with the Wausau business and lower interest payments, partially offset by higher performance-based compensation payments.
For the third quarter of 2015, the company expects revenue to range from $439 million to $447 million. Adjusted diluted earnings per share is expected to range from $1.10 to $1.15. In comparison to the second quarter, adjusted EPS is expected to be about the same, at the midpoint of the third quarter range, primarily due to higher MOS revenue, lower brand awareness spend, offset by lower Financial Services and Direct Checks' higher-margin check revenue and the resulting flow-through to operating income and lower cost reductions. The company expects the earnings per share contribution to be slightly accretive in the third quarter or about the same as the second quarter.
The company has revised the earnings guidance for the full year of 2015. The company now expects: revenues of $1.76 to $1.78 billion compared to previous guidance of $1.75 to $1.78 billion; diluted EPS of $4.35 to $4.45 compared to previous guidance of $4.27 to $4.42; adjusted diluted EPS of $4.50 to $4.60 compared to previous guidance of $4.40 to $4.55; operating cash flow of $300 to $310 million compared to previous guidance of $295 to $305 million; effective tax rate of approximately 34.0% compared to same and depreciation and amortization of approximately $76 million compared to previous guidance of approximately $75 million. Capital expenditures were at the same level as approximately $40 million. Depreciation and amortization expense is expected to be approximately $76 million, including approximately $30 million of acquisition-related amortization.