earnings
confidence high
sentiment neutral
materiality 0.70
Deluxe Q2 revenue up 17.7% to $563M; adjusts FY22 EBITDA margin guidance to 18.5%-19.0%
DELUXE CORP
2022-Q2 EPS reported
$0.72
revenue$1,118,968,000
- Revenue $563.0M (+17.7% YoY); organic growth 6.6% excluding First American acquisition and exits.
- Net income $22.1M (+82.6%) boosted by $17.5M gain on sale of Australian web hosting; adjusted diluted EPS $0.99 (down 20.8%).
- Adjusted EBITDA margin 18.1% down from 20.4% due to inflation and supply chain disruptions, especially in Promotional Solutions.
- FY22 outlook: revenue growth increased to 10-12% (ex-exits), adjusted EBITDA rate guided to 18.5-19.0% (was higher).
- Quarterly dividend $0.30/share declared, payable Sept 6, record Aug 22.