Deluxe reports Q4 adjusted EPS 80c, consensus 75c

Reports Q4 revenue $537.4M, consensus $537.8M. “We are pleased to report a third consecutive year of organic revenue growth, while also increasing comparable adjusted EBITDA faster than revenue, and generating significantly improved free cash flows during both the Q4 and full year periods. These results further demonstrate the power of the combined Deluxe portfolio of offerings, aligned with the transformation of our business to a modern Payments and Data company,” said CEO Barry McCarthy. “The increasing scale of our combined Payments and Data platform is driving improved operating leverage and expansion of our comparable adjusted EBITDA margins, which we expect will continue in line with our 2024 guidance as we focus on execution aligned to our North Star initiatives.” “We were particularly pleased with our ability to improve our net debt position and leverage ratio during 2023, and the enterprise has strong momentum aligned with our core capital allocation priorities as 2024 begins,” said CFO Chip Zint. “Deluxe remains diligently focused on operational execution, and we are confident in the continued expansion of our earnings trajectory.”