Quarterly ResultMay 7, 2026, 10:21 AM
Deluxe Q1 Net Income $35.8M, EPS $0.77; Completes Divestment
AI Summary
Deluxe Corp reported a significant increase in net income and diluted EPS for Q1 2026, reaching $35.8 million and $0.77 respectively, compared to $14.0 million and $0.31 in Q1 2025. Total revenue saw a slight increase to $538.1 million. The company also finalized the divestiture of its Safeguard small business distributor channel, generating $22.8 million in net proceeds and a $5.1 million gain. Additionally, restructuring expenses decreased, and long-term debt was reduced.
Key Highlights
- Net income surged 155.7% to $35.8 million in Q1 2026 from $14.0 million year-over-year.
- Diluted EPS increased 148.4% to $0.77 in Q1 2026 from $0.31 in Q1 2025.
- Total revenue slightly rose to $538.1 million in Q1 2026 from $536.5 million.
- Operating income grew 49.3% to $71.8 million in Q1 2026.
- Finalized divestiture of Safeguard small business distributor channel, generating $22.8 million net proceeds.
- Recorded a $5.1 million gain on sale of businesses and long-lived assets.
- Restructuring and integration expense decreased 55.9% to $3.7 million.
- Long-term debt reduced to $1,380.8 million as of March 31, 2026.
Price Impact
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