Deluxe Q3 net loss $8M; raises FY2023 adjusted EBITDA and EPS guidance

DELUXE CORP

2023-Q3 EPS reported $0.25 revenue$1,654,896,000

Net loss $8.0M ($0.18 diluted EPS) vs net income $14.7M a year ago; adjusted diluted EPS $0.79.
Revenue $537.8M down 3.1% reported; comparable adjusted revenue flat YoY.
Adjusted EBITDA $101.9M (-2.6%); comparable adjusted EBITDA up 3.0%, margin up 50 bps.
Raises FY2023 adj. EBITDA to $405-420M from $400-415M; adj. EPS to $3.20-3.45 from $3.10-3.40.
Launches North Star initiative targeting $100M incremental run-rate free cash flow and $80M EBITDA by 2026.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DELUXE CORP updated its third quarter ended September 30, 2023 guidance (raised).

Period: third quarter ended September 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

Furnished as Exhibit 99.1 is a press release of Deluxe Corporation reporting results from third quarter 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

DELUXE CORP filing history →

Source: SEC EDGAR

accession 0000027996-23-000174

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