Deluxe Corp. (DLX) Tops Q2 EPS by 6c; Bumps Outlook Higher

Deluxe Corp. (NYSE: DLX) reported Q2 EPS of $1.01, $0.06 better than the analyst estimate of $0.95. Revenue for the quarter came in at $405.4 million versus the consensus estimate of $397.23 million.

Deluxe Corp. sees FY2014 EPS of $4.04-$4.14, versus prior guidance of $3.97-$4.12 and the consensus of $4.06. Deluxe Corp. sees FY2014 revenue of $1.62-1.65 billion, versus prior guidance of $1.635-1.655 billion and the consensus of $1.64 billion.

“Deluxe delivered another very strong quarter beating our revenue and earnings outlook,” said Lee Schram, CEO of Deluxe. “Our focus on Marketing Solutions and Services continues to deliver strong results and revenue increased 20 percent over last year’s level, now accounting for 23 percent of total revenue in the quarter. In April, we announced a 20 percent dividend increase and have repurchased $52 million of stock year-to-date. As we look ahead, we are well positioned to deliver a fifth consecutive year of revenue growth in 2014.”

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

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