Brief: Deluxe Delivers Strong Second Quarter 2022 Revenue Growth

Deluxe

04/08/2022 11:27

Aug 4 (Reuters) - Deluxe Corp  DLX.N :
    * DELUXE DELIVERS STRONG SECOND QUARTER 2022 REVENUE GROWTH;
DECLARES REGULAR DIVIDEND; UPDATES 2022 OUTLOOK
    * UPDATED FULL YEAR 2022 GUIDANCE TO REFLECT STRONG REVENUE
PERFORMANCE AND LOWER ADJUSTED EBITDA RATE EXPECTATIONS
    * QTRLY REVENUE $563.0 MILLION VERSUS $478.2 MILLION
    * QTRLY DILUTED EPS $0.50
    * QTRLY ADJUSTED DILUTED EPS $0.99
    * INCREASING FULL YEAR REVENUE GROWTH OUTLOOK TO 10% TO 12%
EXCLUDING IMPACT OF BUSINESS EXITS; OR 8% TO 10% AS REPORTED
    * MODIFYING FULL YEAR ADJUSTED EBITDA RATE TO 18.5% TO 19.0%
WITH
Q4 RATE BEING HIGHER THAN Q3 DUE TO OUR NORMAL SEASONALITY
PATTERN

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