Deluxe Corp. (DLX) Tops Q1 EPS by 4c; Bumps FY Outlook

Deluxe Corp. (NYSE: DLX) reported Q1 EPS of $1.19, $0.04 better than the analyst estimate of $1.15. Revenue for the quarter came in at $459.3 million versus the consensus estimate of $450.99 million.

GUIDANCE:

Deluxe Corp. sees Q2 2016 EPS of $1.15-$1.20, versus the consensus of $1.21. Deluxe Corp. sees Q2 2016 revenue of $445-453 million, versus the consensus of $455.37 million.

Deluxe Corp. sees FY2016 EPS of $4.85-$5.00, versus prior guidance of $4.75-$4.95 and the consensus of $4.85. Deluxe Corp. sees FY2016 revenue of $1.845-1.875 billion, versus prior guidance of $1.835-1.875 billion and the consensus of $1.85 billion.

“We delivered very strong first quarter results in spite of what appears to be an overall continued sluggish economy,” said Lee Schram, CEO of Deluxe. “We continue to see growth in marketing solutions and other services which increased over 19 percent from last year and accounted for over 31 percent of total company revenue in the quarter. Our transformation to a marketing and financial technology services provider continues to make tremendous progress and we believe we are well positioned to deliver another year of strong revenue, earnings and cash flow growth.”

For earnings history and earnings-related data on Deluxe Corp. (DLX) click here.

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