deluxe corp (DLX) Key Developments
Deluxe Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Revised Earnings Guidance for the Full Year of 2015
Apr 23 15
Deluxe Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $45.9 million or $0.91 per diluted share on total revenues of $433.6 million compared to net income of $47.3 million or $0.93 per diluted share on total revenues of $407.0 million a year ago. Operating income was $85.3 million compared to $80.8 million a year ago. Income before income taxes was $70.3 million compared to $71.4 million a year ago. Capital expenditures were $9.5 million compared to $10.9 million a year ago. EBITDA was $94.5 million compared to $97.2 million a year ago. Adjusted EBITDA was $103.9 million compared to $101.1 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. Diluted EPS on a GAAP basis also includes a $0.12 per share charge related to the previously announced early redemption of the company’s $200 million 2019 Senior Notes in March 2015. Cash provided by operating activities were driven primarily by improved earnings and lower medical payments, partially offset by higher performance-based compensation payments.
The company provided earnings guidance for the second quarter of 2015. The company expects revenues of $424 to $432 million, diluted EPS of $1.04 to $1.09 and adjusted Diluted EPS of $1.04 to $1.09.
The company has revised the earnings guidance for the full year of 2015. The company now expects: revenues of $1.75 to $1.78 billion compared to previous guidance of $1.74 to $1.78 billion; diluted EPS of $4.27 to $4.42 compared to previous guidance of $4.23 to $4.43; adjusted diluted EPS of $4.40 to $4.55 compared to previous guidance of $4.35 to $4.55; operating cash flow of $295 to $305 million compared to previous guidance of $290 to $305 million; effective tax rate of approximately 34.0% compared to previous guidance for approximately 33.5%; and depreciation and amortization of approximately $75 million compared to previous guidance of approximately $76 million. Capital expenditures were at the same level as approximately $40 million. Both revenue and adjusted diluted EPS were at the high end of the range in the prior outlook driven by strong operating results in all segments despite weaker than expected foreign exchange rates and an unfavorable effective tax rate.
Deluxe Corp. to Report Q1, 2015 Results on Apr 23, 2015
Apr 9 15
Deluxe Corp. announced that they will report Q1, 2015 results at 11:00 AM, US Eastern Standard Time on Apr 23, 2015
Deluxe Corp., Q1 2015 Earnings Call, Apr 23, 2015
Apr 9 15
Deluxe Corp., Q1 2015 Earnings Call, Apr 23, 2015
Deluxe to Showcase the Future of Broadcast, Supply Chain and Distribution at 2015 NAB Show
Apr 8 15
Deluxe will showcase its latest product innovations and services at the 2015 NAB Show at booth #SU8905. For Broadcasters, Deluxe will demonstrate Deluxe MediaCloud, its revolutionary software-based platform that gives broadcasters an alternative to legacy owned and operated hardware-centric broadcast infrastructure. Released from the limitations of geography and free of the demands and expense of dedicated facilities, the Deluxe MediaCloud platform transforms the broadcast chain and offers a more agile, resilient and cost-effective solution. The IP-based software platform will broaden distribution, generate new revenue streams, and take the costs out of the supply chain. Broadcasters can now more efficiently manage media assets and play-out and deliver channels anytime, anywhere to any platform in any format. Deluxe will also be demonstrating their end-to-end linear 4K workflow, using multiple connectivity paths through different ISPs, live and in real-time, streamed directly to the Deluxe booth. For Content Owners, the company will showcase DL3, the industry's most robust and powerful platform for global end-to-end supply chain management.Â DL3 features enhanced capabilities to support advanced formats, including IMF(Interoperable Master Format is a file transfer format for video and audio), 4K UHD(Ultra High Def), and HDR (High Dynamic Range), highly scalable and dynamic content preparation and delivery, and unprecedented localization abilities that currently handles one million minutes of content around the world each month. All of which are critical for Electronic Sell-Through (EST) platforms and global distribution and management of the digital supply chain. For the first time, DL3 will preview the integrated V2 Media Store, the cloud-based catalog management suite that provides additional visibility, tracking and management of digital assets throughout the supply chain. DL3 will also highlight its service integration with Deluxe OnDemandâ„¢, focusing on the unique end-to-end workflow requirements for 4K UHD to enable content owners to unlock the potential of their deep libraries. For Distributors, the company will present Deluxe OnDemand, its advanced video-on-demand workflow management services to source, transform and deliver any content, including 4K UHD , for IP-VOD, Over-the-Top EST, and TVOD/SVOD applications. This cloud-based solution enables distributors (MVPDs, retailers, programmers, and other OTT providers) to remove cost from the distribution supply chain, quickly expand libraries, or launch new services to multiscreen devices and legacy set-top boxes. Reach any screen, on any device, in any language, anywhere in the world simultaneously. Deluxe will also be demonstrating the distribution of 4K UHD over traditional CDNs and the impact of bitrate on quality to enable distributors to launch a 4K offering and broaden distribution without the capital investment. Finally, Deluxe will also be exhibiting ColorStream A color correction and annotation collaboration tool for creatives in features and commercials and Metatrack Portal - a simple and easy-to-use web content management portal that hides the complexity of mapping VFX pulls to the correct content.
Deluxe Corp. Presents at 7th Annual Spring Consumer Conference, Mar-25-2015
Feb 25 15
Deluxe Corp. Presents at 7th Annual Spring Consumer Conference, Mar-25-2015 . Venue: The InterContinental Hotel New York Times Square, 300 West 44th Street at Eight Avenue, New York, New York, United States.