other material
confidence high
sentiment neutral
materiality 0.50
Deluxe realigns segments into Merchant Services, B2B Payments, Data Solutions, Print
DELUXE CORP
- New segment structure effective Q1 2024: Merchant Services ($364M rev in 2023), B2B Payments ($299M), Data Solutions ($212M), Print ($1.26B).
- Recast FY2023 total segment revenue $2.14B, adjusted EBITDA $583.7M; no change to net income or EPS.
- All other segment (divested businesses) revenue fell from $109.7M in 2022 to $55.8M in 2023.
- Segment EBITDA reconciliation: $609.6M total segment EBITDA offset by corporate ops -$192.4M, D&A $169.7M, interest $125.6M in 2023.
- Quarterly recast data provided for each FY2023 quarter; methodology unchanged from prior reporting.