Deluxe Corporation Reports Mixed 2024 Results

Deluxe Corp. ( (DLX) ) has released its Q4 earnings. Here is a breakdown of the information Deluxe Corp. presented to its investors.

Deluxe Corporation, a trusted name in the Payments and Data industry, provides solutions that help businesses with payments and data management, serving a wide range of clients from small businesses to large consumer brands.

In its latest earnings report, Deluxe Corporation revealed a mixed performance for 2024, with a decrease in overall revenue but significant improvements in net income and earnings per share, highlighting its strategic cost management and investment efforts.

Key financial highlights include a 3.2% decrease in full-year revenue, while net income more than doubled to $52.9 million, thanks to reduced restructuring costs. The company also reported an increase in comparable adjusted EBITDA by 3.9% to $406.5 million, and a notable improvement in diluted EPS, which doubled from the previous year to $1.18. Additionally, Deluxe successfully reduced its total and net debt, with reductions of $89.8 million and $52.2 million, respectively.

Deluxe’s strategic focus on expanding its EBITDA margin while lowering corporate expenses has positioned the company well for future growth. The refinancing of its debt further supports its growth initiatives, particularly within its Data Solutions and Merchant Services segments, which are expected to drive mid-single-digit or greater revenue growth in 2025.

Looking ahead, Deluxe Corporation anticipates stable revenue and earnings growth for 2025, with projected revenues between $2.090 to $2.155 billion and adjusted EBITDA ranging from $415 to $435 million. The company remains committed to reducing net debt and investing in growth, while maintaining its regular dividend payouts.