deluxe corp (DLX) Key Developments
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.
Deluxe Corp. Presents at Baird Business
Solutions Conference, Feb-25-2015 08:30 AM
Feb 7 15
Deluxe Corp. Presents at Baird Business
Solutions Conference, Feb-25-2015 08:30 AM. Venue: The Pierre Hotel, 2 East 61st Street, New York, New York, United States.
Deluxe Corp. Presents at Credit Suisse 17th Annual Global Services Conference, Mar-10-2015 02:15 PM
Feb 6 15
Deluxe Corp. Presents at Credit Suisse 17th Annual Global Services Conference, Mar-10-2015 02:15 PM. Venue: Credit Suisse One Madison Avenue, enter on Park or Madison between 23rd and 24th Streets, New York, NY 10010, United States. Speakers: Ed Merritt, Vice President of Investor Relations and Treasurer, Lee J. Schram, Chief Executive Officer and Director.
Deluxe Corp. Declares Regular Quarterly Dividend, Payable on March 2, 2015; Announces Plan to Redeem $200 Million 7.00% Senior Notes Due 2019; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015
Jan 22 15
On January 20, 2015, the Board of Directors of Deluxe Corporation declared a regular quarterly dividend of $0.30 per common share on all outstanding shares of the company. The dividend will be payable on March 2, 2015 to all shareholders of record at the close of business on February 17, 2015.
The company announced its plan to redeem all of its $200 million 7.00% Senior Notes Due 2019 which are callable on March 15, 2015. The early debt retirement will generate a first quarter charge to EPS of approximately $0.12 per share related to a contractual call premium and associated fees. The early debt retirement is expected to be financed primarily with the existing credit facility and the issuance of a short-term bank loan.
The company announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's total revenue was $448.5 million compared with $417.8 million a year ago. Revenue increased 7.3% year-over-year due to the Financial Services segment which included the results of Wausau Financial Systems, acquired in October 2014, and Destination Rewards, acquired in December 2013, and the Small Business Services segment which grew 5.8%. Operating income was $90.1 million compared with $78.0 million a year ago. Income before income taxes was $82.6 million compared with $68.8 million a year ago. Net income was $58.0 million or $1.16 per diluted share compared with $45.7 million or $0.90 per diluted share a year ago. Capital expenditures were $11.5 million compared with $10.7 million a year ago. EBITDA was $107.7 million compared with $94.6 million a year ago. Adjusted EBITDA was $110.1 million compared with $105.3 million a year ago. Adjusted operating income was $92.5 million compared with $88.7 million a year ago. Adjusted operating income increased 4.3% year-over-year from higher revenue per order and continued cost reductions partially offset by higher performance-based compensation. Adjusted diluted EPS was $1.19 compared with $1.04 a year ago. Adjusted diluted EPS increased 14.4% year-over-year driven by stronger operating performance, a favorable effective tax rate, and lower interest expense and shares outstanding.
For the year, the company's total revenue was $1,674.1 million compared with $1,584.8 million a year ago. Operating income was $332.6 million compared with $317.9 million a year ago. Income before income taxes was $297.2 million compared with $281.1 million a year ago. Net income was $199.8 million or $3.96 per diluted share compared with $186.7 million or $3.65 per diluted share a year ago. Capital expenditures were $41.1 million compared with $37.4 million a year ago. EBITDA was $399.5 million compared with $383.9 million a year ago. Adjusted EBITDA was $418.0 million compared with $401.0 million a year ago. Cash provided by total operating activities was $280.4 million compared with $261.5 million a year ago. The increase was driven primarily by improved earnings, lower medical and performance-based compensation payments, and changes in working capital, partially offset by higher income tax payments and contract acquisition costs. Adjusted operating income was $350.8 million compared with $335.0 million a year ago. Adjusted diluted EPS was $4.20 compared with $3.87 a year ago.
For the first quarter of 2015, the company forecasts revenue in the range of $426 million to $434 million, diluted EPS in the range of $0.87 to $0.92, and adjusted Diluted EPS in the range of $0.99 to $1.04.
For the full year 2015, the company forecasts diluted EPS in the range of $4.23 to $4.43, adjusted diluted EPS in the range of $4.35 to $4.55, operating cash flow in the range of $290 million to $305 million, capital expenditures approximately $40 million, depreciation and amortization approximately $76 million, effective tax rate approximately 33.5%. The company expects consolidated revenue on a full year basis to range from $1.74 billion to $1.78 billion.
Deluxe Corp. to Report Q4, 2014 Results on Jan 22, 2015
Jan 8 15
Deluxe Corp. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Jan 22, 2015