DELUXE CORP

Deluxe Corporation announced a definitive agreement to acquire Celero Commerce, a financial technology company, for approximately $625 million in cash, plus payment of certain seller transaction expenses and other adjustments. This strategic acquisition is expected to accelerate Deluxe's transformation towards higher-growth Payments and Data segments, increasing their proforma revenue contribution to 57% of total revenues by 2026. The transaction is anticipated to be accretive to adjusted EPS in the first year, expand revenue growth and adjusted EBITDA margin rates, and unlock significant cost synergies. The deal is expected to close in the third quarter of 2026, funded through debt financing and existing credit facilities, and will position the combined entity as a top 10 non-bank merchant acquirer in the U.S.

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.

Deluxe Corporation reported strong first quarter 2026 results, with comparable adjusted diluted EPS increasing 45.8% to $1.05 and comparable adjusted EBITDA growing 19.7% to $117.9 million. The company achieved key strategic milestones, including reaching its 3x leverage target and shifting its revenue mix, with Payments and Data now representing over 50% of total revenue. Deluxe also updated its full-year outlook to reflect the Q1 Safeguard divestiture, affirming free cash flow and maintaining comparable adjusted growth estimates across other metrics.

Deluxe Corporation held its annual shareholders' meeting on April 23, 2026, with 82.6% of outstanding shares represented. Shareholders elected nine directors to hold office until the 2027 annual meeting. They also approved a non-binding resolution regarding executive compensation and an amendment to the 2022 Stock Incentive Plan. Additionally, PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2026.