Deluxe(US:DLX)2024-08-01 01:03Financial Performance - Q2 2024 - Revenue was $537.8 million, a decrease of 5.9% compared to Q2 2023[7] - Comparable Adjusted Revenue was $534.9 million, a decrease of 3.0% compared to Q2 2023[7] - Net Income (GAAP) was $20.5 million, a 25.0% increase from $16.4 million in Q2 2023[7] - Adjusted EBITDA was $103.4 million, a decrease of 4.6% compared to Q2 2023[7] - Comparable Adjusted EBITDA was $101.8 million, a 1.6% increase from $100.2 million in Q2 2023[7] Segment Performance - Q2 2024 - Merchant Services revenue increased by 7.7% compared to Q2 2023[9] - Data Solutions revenue decreased by 3.2% compared to Q2 2023, but Adjusted EBITDA expanded by 17.9%[9] - Print revenue declined by 4.8% compared to Q2 2023[10] - B2B Payments revenue decreased by 8% compared to Q2 2023[11] Balance Sheet and Cash Flow - Net Debt was $1,534.9 million as of June 30, 2024[34] - Free Cash Flow was $17.6 million for the six months ended June 30, 2024, compared to ($8.6) million for the same period in 2023[34] Future Outlook - The company aims for ~2-4% year-over-year revenue growth and ~4-6% year-over-year EBITDA growth by 2026[13]