UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission file number: 1-7945 DELUXE CORPORATION (Exact name of registrant as specified in its charter) MN 41-0216800 (State or ot ...

Financial Data and Key Metrics Changes - The company reported total revenue of $528.4 million for Q3 2024, down 1.7% year-over-year, and a comparable adjusted revenue decline of 0.7% [31] - Comparable adjusted EBITDA reached $104.5 million, increasing approximately 6.9% from Q3 2023, with adjusted EBITDA margins improving by 140 basis points to 19.8% [34][18] - Free cash flow for Q3 was $46.7 million, reflecting a year-to-date improvement of $30.2 million compared to the same period in 2023 [51] Business Line Data and Key Metrics Changes - **Merchant Services**: Revenue grew by 6.3% year-over-year to $93.5 million, with year-to-date growth at 7.4% [35] - **B2B Payments**: Revenue finished at $75.1 million, showing a sequential improvement and a year-over-year growth of 0.7% [39] - **Data Solutions**: Revenue was $61.1 million, reflecting a year-over-year decline of 4.5% but a sequential increase of 6.4% [43] - **Print Segment**: Revenue was $297.3 million, declining 2.3% year-over-year, with legacy check revenues declining 1.8% [46] Market Data and Key Metrics Changes - The company noted that overall economic uncertainty remains, but trends appear to have stabilized during Q3, with solid processing volumes in the Merchant Services segment [22][21] - The B2B segment is expected to improve sequentially in Q4, supported by a strong pipeline of SaaS opportunities [24] Company Strategy and Development Direction - The North Star program aims to identify $130 million in improvements to baseline comparable adjusted EBITDA results over a multi-year horizon, with $100 million of targeted annualized EBITDA improvements expected by 2026 [13][14] - The company is focused on executing its deleveraging path, having reduced net debt by $45 million sequentially [12] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory of the B2B and Merchant businesses, anticipating sequential growth in Q4 [63][64] - The company expects to maintain a low to mid-single-digit revenue decline in the Print segment while achieving growth in other segments [68] Other Important Information - The company declared a quarterly dividend of $0.30 per share, payable on December 2, 2024 [55] - Full year guidance was narrowed to revenue of $2.12 billion to $2.14 billion, reflecting a decline of 1% to flat comparable adjusted growth versus 2023 [56] Q&A Session Summary Question: Can you provide insight into consolidated revenue growth for 2025? - Management indicated that while they are pleased with progress, they have not provided specific guidance for 2025, but expect mid to high-single-digit growth in certain segments [61][68] Question: What are the drivers behind the strong EBITDA margin despite revenue being nearly flat? - Management attributed margin improvement to operational efficiency and significant reductions in corporate spending, alongside strong performance in the Data segment [72][75] Question: Are there any changes in the competitive environment or pricing pressure in the Merchant business? - Management acknowledged ongoing competitive pressure but emphasized their strong service levels and successful client wins, which help mitigate pricing pressures [81][82]

deluxe. Third Quarter 2024 Earnings November 6, 2024 © 2024 Deluxe Corporation Brian Anderson Vice President, Strategy & Investor Relations 2 Today's Presenters | --- | --- | --- | --- | --- | |----------------------------------------|----------------------------------------------------|-------|-------|-----------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Barry McCarthy | Chip Zint | | | Brian Anderson | | President and Chief E ...

Deluxe (DLX) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this payments and data company would post earnings of $0.65 per share when it actually produced earnings of $0.86, delivering a surprise of 32.31%.Over the last four quarters, the ...

Exhibit 99.1 Contact: Brian Anderson, VP, Strategy & Investor Relations Keith Negrin, VP, Communications 651-447-4197 612-669-1459 brian.anderson@deluxe.com keith.negrin@deluxe.com DELUXE REPORTS THIRD QUARTER 2024 RESULTS • Reported revenue decreased 1.7%, while comparable adjusted revenue decreased 0.7%. • Net income was $8.9 million, improving from a net loss of $8.0 million in 2023, on cost management, lower restructuring spend and gain on business exits. • Third quarter GAAP diluted EPS was $0.20 versu ...

Goldman Sachs analyst Eric Sheridan maintained a Buy rating on Spotify Technology SA SPOT and a price target of $430 (up from $425). Ahead of its third-quarter 2024 earnings report, Sheridan previewed current industry data, addressed key investor debates, and highlighted the potential revenue contribution from a deluxe tier for Spotify over the long term. Since its last earnings report, Spotify stock has outperformed (+13% versus the SPX +2% over the same period), which continues a pattern of the past 12 mo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission file number: 1-7945 DELUXE CORPORATION (Exact name of registrant as specified in its charter) MN 41-0216800 (State or other j ...

deluxe. Second Quarter 2024 Earnings July 31, 2024 © 2024 Deluxe Corporation Brian Anderson Vice President, Strategy & Investor Relations 2 dl× Today's Presenters | --- | --- | --- | --- | --- | |----------------------------------------|----------------------------------------------------|-------|-------|-----------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Barry McCarthy | Chip Zint | | | Brian Anderson | | President and Chief Executive Officer | Sen ...

Deluxe Corporation (NYSE:DLX) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Brian Anderson - VP, Strategy & IR Barry McCarthy - President & CEO Chip Zint - CFO Conference Call Participants Lance Vitanza - TD Cowen Kartik Mehta - Northcoast Research Charlie Strauzer - CJS Securities Marc Riddick - Sidoti Operator Ladies and gentlemen, thank you for standing by, and welcome to the Deluxe Quarterly Earnings Conference Call. All participants are currently in a listen-only mode a ...

Deluxe (DLX) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 32.31%. A quarter ago, it was expected that this payments and data company would post earnings of $0.70 per share when it actually produced earnings of $0.76, delivering a surprise of 8.57%. Over the last four quarters, the ...