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Deluxe (NYSE:DLX) Issues Earnings Results
['Tristan Rich']
Markets Daily
Deluxe (NYSE:DLX – Get Free Report) released its quarterly earnings results on Wednesday.
, with comparable adjusted revenue up 2.6%, adjusted EBITDA up 5.3%, adjusted EPS increasing to $0.87, and adjusted EBITDA margin expanding to 21.8%.
Print remains a declining business, with comparable adjusted revenue down 4.3% in Q2; legacy check revenue fell 1.7% and other print revenue declined 10.1%.
Brooklyn Investment Group purchased a new position in shares of Deluxe in the fourth quarter valued at about $270,000.
Zacks Research lowered Deluxe from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th.