Deluxe(US:DLX)2024-02-01 15:48Financial Performance - Full Year 2023 - Total revenue was $219 billion, a decrease of 2% compared to 2022 [71] - Comparable adjusted revenue increased by $6 million, or 03% [71] - Net income was $262 million, down from $655 million in 2022 [71] - Adjusted EBITDA was $4171 million [71] - Adjusted EPS was $332, down from $408 in 2022, driven by business exits and increased interest expense [71] Segment Highlights - Full Year 2023 - Payments revenue increased 18% to $6907 million [74] and Adjusted EBITDA increased 57% to $1528 million [75] - Data Solutions comparable adjusted revenue increased 43% year-over-year [48] - Checks revenue decreased 11% to $721 million [49] - Promotional Solutions Adjusted EBITDA margin expanded 40 bps to 444% [67] Balance Sheet and Cash Flow - Net debt to Adjusted EBITDA was 36x [31] - Free cash flow was $635 million for the quarter ended December 31, 2023 [105] and $977 million for the year ended December 31, 2023 [25] 2024 Outlook - The company anticipates comparable adjusted revenue growth of 0%-2% [17] - The company anticipates comparable adjusted EBITDA growth of 2%-7% [17] - The company anticipates interest expense of approximately $120 - $125 million [106]