Deluxe Reports Third Quarter 2013 Financial Results

Deluxe Corporation (NYSE: DLX), a leader in providing small businesses and financial institutions with products and services to drive revenue, announced its financial results for the third quarter ended September 30, 2013. Key financial highlights include:
  Q3 2013   Q3 2012   % Change
Revenue $398.1 million $378.3 million 5.2%
Net income $46.9 million $41.5 million 13.0%
Diluted EPS – GAAP $0.92 $0.81 13.6%
Adjusted Diluted EPS – Non-GAAP $0.96 $0.85 12.9%

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.

Revenue of $398.1 million was at the higher end of the range in the prior outlook and adjusted diluted EPS exceeded the high end of the range in the prior outlook. The strong earnings performance was driven primarily by stronger performance in Financial Services.

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