Zint said the increase was driven by overall revenue growth, improved operating margins, and lower restructuring spending during the year. On a non-GAAP basis, Deluxe posted comparable adjusted EBITDA of $431.5 million, up $25 million, or 6.2%, from the prior year. Fourth-quarter Merchant revenue rose 6.3% to $101.5 million, and Q4 adjusted EBITDA was $22.3 million, representing 22% of revenue. Fourth-quarter B2B revenue rose 4.5% to $76.3 million; Q4 adjusted EBITDA increased 29% year-over-year to $18.7 million, with a 24.5% margin. Fourth-quarter Print revenue declined 3.8% to $284.5 million; Q4 adjusted EBITDA was $92.2 million, for a 32.4% margin.