Deluxe Corporation (NYSE: DLX) announced its financial results for the fourth quarter ended December 31, 2012. Key financial highlights include:
|Q4 2012||Q4 2011||Vs. Q4 2011|
|Revenue||$387.6 million||$366.4 million||5.8%|
|Net income||$42.6 million||$39.8 million||7.0%|
|Diluted EPS – GAAP||$0.83||$0.78||6.4%|
|Adjusted Diluted EPS – Non-GAAP||$0.95||$0.83||14.5%|
A reconciliation between earnings per share on a GAAP basis and adjusted earnings per share on a non-GAAP basis is provided after the Forward-Looking Statements discussion.
Adjusted Diluted EPS exceeded the high end of the range in the prior outlook due to strong operating performance, particularly in Financial Services, and a better than expected effective income tax rate. In addition, GAAP diluted EPS included a loss of $0.07 per share related to the early retirement of debt.