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Deluxe Corp. (DLX) Tops Q1 EPS by 3c; Raises Outlook

April 24, 2014 8:40 AM

Deluxe Corp. (NYSE: DLX) reported Q1 EPS of $0.98, $0.03 better than the analyst estimate of $0.95. Revenue for the quarter came in at $407 million versus the consensus estimate of $402.33 million.

Deluxe Corp. sees Q2 2014 EPS of $0.97-$0.99, versus the consensus of $0.97. Deluxe Corp. sees Q2 2014 revenue of $393-401 million, versus the consensus of $395.83 million.

Deluxe Corp. sees FY2014 EPS of $3.97-$4.12, versus prior guidance of $3.9-$4.1 and the consensus of $4. Deluxe Corp. sees FY2014 revenue of $1.62-1.65 billion, versus prior guidance of $1.61-1.65 billion and the consensus of $1.64 billion.

“We delivered an outstanding first quarter, hitting on all cylinders in spite of the impact from severe winter weather and a continued sluggish economy,” said Lee Schram, CEO of Deluxe. “We have established a solid baseline first quarter to propel us towards profitable revenue growth again in 2014 for a fifth consecutive year. Marketing solutions and other services grew 21% and represented 22% of total revenue towards our 25% of revenue objective for the full year. We improved our earnings and operating cash flow outlook for the year, we were more aggressive on share repurchases, and we remained disciplined in maintaining financial flexibility in our capital structure by amending and extending our credit facility to 2019.”

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

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Earnings Guidance Management Comments