Deluxe Corporation Impresses with Data and Payments Growth

Published 7 hours agoDLX

Deluxe Corporation Impresses with Data and Payments Growth

Deluxe Corporation has reaffirmed its 2025 financial targets, reporting notable progress in its data and payments segments despite a slight dip in overall revenue. The company recorded a total revenue of $535 million in the first quarter, down 1.9% from the previous year. However, when adjusted for divestitures, revenue grew by 1.2%, reaching $529 million, as detailed on investors.deluxe.com.

The company saw improvements in profitability, with comparable adjusted EBITDA up by 7% to $96.9 million, and margins rising by 100 basis points to 18.3%. Earnings per share also experienced a 4.3% increase, hitting $0.72. Within its segments, Merchant Services' revenue increased by 8.3% to $96.5 million, and Data Solutions witnessed a substantial 34.5% surge in revenue to $59.7 million. According to Investing.com, these gains contributed to broader financial robustness.

For the full year 2024, Deluxe Corporation expects revenue between $2.14 billion and $2.18 billion and adjusted EBITDA in the range of $400 million to $420 million. Earnings per share are forecasted to be between $3.10 and $3.40, with an upward revision in free cash flow guidance now anticipated to hit between $80 million to $100 million. This reflects the company's strategic focus on sustaining growth in its core segments while maintaining confidence in its long-term financial goals.

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