secwatch.observer — SEC 8-K summary
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Issuer:     DELUXE CORP (DLX)
CIK:        0000027996
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000027996-24-000117
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Deluxe realigns segments into Merchant Services, B2B Payments, Data Solutions, Print
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27996/000002799624000117/0000027996-24-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27996/000002799624000117/dlx-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000027996-24-000117

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