Deluxe Corp. Announces Earnings Results for the Fourth Quarter and Full Year of 2012
January 24, 2013 at 11:01 am EST
Share
Deluxe Corp. announced earnings results for the fourth quarter and full year of 2012. For the fourth quarter, the company reported diluted earnings per share of $0.83 which included losses of $0.07 per share from early debt retirement in the quarter, and restructuring charges of $0.05 per share. Excluding these costs, adjusted EPS from continuing operations of $0.95 exceeded the upper end of previous outlook and was $14.5 higher than the $0.83 reported in the fourth quarter of 2011. Revenue for the quarter came in at $388 million and grew 6% over last year and 2% sequentially from last quarter.
For the year, the company's cash provided by operating activities was $244 million, a $9 million from 2011. Capital expenditures were $35 million, and depreciation and amortization expense was $66 million. Total of debt at the end of the year was $653 million, down from $742 million at the end of 2011 as repaid the remaining $86 million due on 2012 notes in December.
Deluxe Corporation is a payments and data company. The Companyâs segments include Merchant Services, B2B Payments, Data Solutions, and Print. The Merchant Services segment provides electronic credit and debit card authorization and payment systems and processing services primarily to small and medium-sized retail and service businesses. The B2B Payments segment provides treasury management solutions, including remittance and lockbox processing, remote deposit capture, receivables management, payment processing and paperless treasury management, as well as fraud and security services and Deluxe Payment Exchange. The Data Solutions segment provides data-driven marketing solutions, including digital engagement, financial institution profitability reporting and account switching tools, and business incorporation services. The Print segment provides printed personal and business checks, printed business forms, business accessories and promotional products.
DELUXE CORPORATION 
