Q4 2024 Deluxe Corp Earnings Call Transcript

Feb 5, 2025 / 10:00 PM GMT

Release Date Price: €21.4 (-2.73%)

Transcript 8-K

Key Points

Positve

Deluxe Corp (DLX) successfully expanded both comparable adjusted EBITDA dollars and rate for the full year and fourth quarter of 2024.
The company reduced net debt by more than $52 million and refinanced 2026 debt maturities on attractive terms, extending maturities to 2029.
Deluxe Corp (DLX) made significant progress on its North Star plan, aiming to increase annual free cash flows by $100 million by 2026.
The data segment achieved a full year growth rate of more than 10%, showcasing strong performance.
The company maintained its regular quarterly dividend throughout 2024, marking the 30th consecutive year of rewarding shareholders.

Negative

Deluxe Corp (DLX) faced revenue headwinds that modestly impacted top-line growth in 2024.
The print segment experienced a decline of 4.5% in annual revenue, consistent with secular decline expectations.
The B to B payment segment saw a 3.8% decline in revenues, reflecting challenges in transitioning to a subscription-based model.
Fourth quarter revenue for the merchant segment was roughly flat, impacted by the lapping of a large conversion with Fulton Bank.
The company anticipates ongoing low to mid single-digit secular decline rates in the print segment for 2025.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DLX.N - Deluxe Corp
Q4 2024 Deluxe Corp Earnings Call
Feb 05, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by and welcome to the Deluxe quarterly earnings conference call. All participants are currently in a listen-only mode and today's call is being recorded at this time. I would like to turn the conference over to your host, Vice President of Strategy and Investor Relations, Brian Anderson.

Please go ahead.

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Unidentified_2 [2]
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Thank you operator and welcome to the Deluxe fourth quarter and full year 2024 earnings call.

Joining me on today's call are Barry mccarthy, our President and Chief Executive Officer and

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