DLX - Deluxe Q4 results outperform expectations payments segment shows muscle

Deluxe (DLX +2.2%) Q4 revenue jumped ~26% to $570.6M, beating consensus by $23.03M. The payments segment delivered revenue growth of 114.5% Y/Y to $167.3M. Adjusted EBITDA margin was 20.5%, down 40 basis points from the prior year. Cash flow from operations for 2021 was $61.6M. Outlook 2022: Revenue growth of 8% to 10%; Adjusted EBITDA margin of ~20%; Capital expenditures of ~$105M GAAP EPS of $0.32. Non-GAAP EPS of $1.26 beats consensus by $0.04. Previously: Deluxe Non-GAAP EPS of $1.26 beats by $0.04, revenue of $570.6M beats by $23.03M (Feb. 3) Buy rating on the stock by contributor who comments: 'Deluxe Acquires First American Payment Systems, Wrenches Profile To Growth Markets'

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Deluxe Q4 results outperform expectations, payments segment shows muscle