Deluxe raises FY23 adjusted EPS view to $3.10-$3.40 from $2.90-$3.25

Raises FY23 revenue view to $2.180B-$2.220B from $2.145B-$2.210B. Consensus is for FY23 EPS $3.08 and for revenue $2.2B. Raises FY23 adjusted view to EBITDA $400M-$415M from $390M-$405M. Reaffirms FY23 free cash flow view $80M-$100M. “We are pleased with our Q2 results, including as expected, a sequential improvement in free cash flow, and reduced leverage,” said Chip Zint, Senior Vice President and CFO of Deluxe. “Given our first half results and our outlook for the year, particularly in light of our improved operational efficiencies, we are raising our FY23 guidance for revenue and earnings.”