Deluxe Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the First Quarter and Full Year of 2017
January 26, 2017 at 07:00 pm IST
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Deluxe Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenue of USD 480.2 million compared to USD 463.5 million a year ago. Operating income was USD 92.8 million compared to USD 90.8 million a year ago. Income before income taxes was USD 78.4 million compared to USD 86.5 million a year ago. Net income was USD 54.2 million compared to USD 59.7 million a year ago. EBITDA was USD 109.3 million compared to USD 113.8 million a year ago. Adjusted EBITDA was USD 124.8 million compared to USD 118.1 million a year ago. Adjusted operating income was USD 100.4 million compared to USD 95.1 million a year ago. Diluted EPS was USD 1.11 compared to USD 1.20 a year ago. Non GAAP adjusted diluted EPS was USD 1.35 compared to USD 1.26 a year ago.
For the year, the company reported total revenue of USD 1,849.1 million compared to USD 1,772.8 million a year ago. Operating income was USD 368.7 million compared to USD 354.3 million a year ago. Income before income taxes was USD 340.4 million compared to USD 327.9 million a year ago. Net income was USD 229.4 million compared to USD 218.6 million a year ago. Diluted earnings per share was USD 4.65 compared to USD 4.36 a year ago. Capital expenditures were USD 46.6 million compared to USD 43.3 million a year ago. EBITDA was USD 454.3 million compared to USD 424.9 million a year ago. Adjusted EBITDA was USD 474.9 million compared to USD 442.2 million a year ago. Total operating activities was USD 319.3 million compared to USD 309.6 million a year ago. Purchases of capital assets were USD 46.6 million compared to USD 43.3 million a year ago. Adjusted operating income was USD 381.4 million compared to USD 362.7 million a year ago.
The company provided earnings guidance for the first quarter and full year of 2017. For the quarter, the company expected revenue in the range of USD 469 million to USD 477 million. GAAP Diluted EPS is expected to be in the range of USD 1.12 to USD 1.17 and adjusted diluted EPS is expected in the range of USD 1.12 to USD 1.17.
For the year 2017, the company expected revenue in the range of USD 1.935 billion to USD 1.975 billion. GAAP diluted EPS is expected in the range of USD 5.10 to USD 5.30. Non GAAP adjusted diluted EPS is expected in the range of USD 5.10 to USD 5.30. Operating cash flow is expected in the range of USD 335 million to USD 355 million and capital expenditure of approx. USD 45 million. Depreciation and amortization is expected to be USD 127 million and effective tax rate is expected to be approx. 33%.
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 Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the First Quarter and Full Year of 2017
DELUXE CORPORATION 
