other material
confidence high
sentiment positive
materiality 0.65
Deluxe targets $100M run-rate FCF by 2026, gives 2024 guidance: $2.14-2.18B rev, $400-420M Adj EBITDA
DELUXE CORP
- Segment realignment to four segments (Merchant Services, B2B Payments, Data Solutions, Print) effective Q1 2024.
- Preliminary 2024 guidance: revenue $2.14-2.18B, adj. EBITDA $400-420M, adj. EPS $3.10-3.40, FCF $60-80M.
- Long-term targets: total revenue CAGR 0-3% (2023-2026), adj. EBITDA margin expands from 19% to 21% by 2026.
- Merchant Services revenue CAGR 7-10%, B2B Payments 3-7%, Data Solutions 6-10%, Print declines 1-5%.
- North Star initiative aims to deliver incremental $100M run-rate free cash flow by 2026.