DELUXE CORPORATION Reports Q4 FY2022 Earnings of USD 19.0 Million, Net Income of USD 564.0 Million.

Earnings report

DELUXE CORPORATION ($NYSE:DLX) has just reported its fourth quarter earnings for the fiscal year 2022, which ended on December 31, 2022. The company achieved a total revenue of USD 19.0 million, a 37.7% increase year-over-year.

However, its net income for the quarter was slightly lower than the previous year, coming in at USD 564.0 million, a 1.2% decrease. This is the second quarter in a row where DELUXE CORPORATION has seen an increase in total revenue despite the pandemic’s ongoing effects on the global economy and their business. This could be attributed to their successful cost-cutting measures and increased focus on digital initiatives such as their interactive website and social media campaigns. These efforts have allowed the company to remain competitive and profitable despite the challenging market conditions. The Q4 FY2022 earnings of USD 19.0 million, with a net income of USD 564.0 million, represent positive news for the company, as well as for the investors and stakeholders involved. DELUXE CORPORATION has proven that it is capable of managing their finances effectively and continuing to deliver excellent results even during uncertain times.

Share Price

The company’s stock opened at $20.2 on Thursday and closed at $21.2, representing a 4.8% gain from the previous closing price of $20.2. The company’s strong performance has been widely attributed to their effective cost-saving strategies and focus on efficiency measures, leading to increased profitability. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Deluxe Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Deluxe Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Deluxe Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Deluxe Corporation are shown below. More…

Analysis

At GoodWhale, we analyze DELUXE CORPORATION‘s financials to give investors an unbiased view of its performance. Our Star Chart shows that DELUXE CORPORATION is strong in profitability, but weak in asset, dividend and growth. DELUXE CORPORATION has a high health score of 8/10, taking into consideration its cashflows and debt. This score tells us that the company is able to sustain operations in times of crisis. We also classify DELUXE CORPORATION as a ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. Potential investors that may be interested in such a company may include those seeking out steady investments with a low risk of loss. With a strong profit margin and the ability to remain operational during difficult times, DELUXE CORPORATION may be seen as an attractive investment for those looking for long-term security. More…

Peers

Deluxe Corp is in the business of providing software solutions. Its competitors are Ilkka Oyj, Specificity Inc, and DM Solutions Co Ltd.

– Ilkka Oyj ($LTS:0IGW)

Ilkka Oyj is a Finnish company that produces and supplies wood products. It has a market cap of 110.82M as of 2022 and a Return on Equity of 2.9%. The company is involved in the production of lumber, pulp, paper, and energy. It also provides services related to forestry, real estate, and environmental protection.

– Specificity Inc ($OTCPK:SPTY)

Based in New York, Specificity Inc is a biotechnology company that focuses on the development of cancer treatments. The company has a market capitalization of 11.71 million as of 2022 and a return on equity of 189.94%. Specificity Inc’s products are designed to target specific types of cancer cells, which the company believes will result in more effective and less toxic treatments. In addition to its cancer treatments, Specificity Inc is also developing treatments for other diseases, such as Alzheimer’s disease and Parkinson’s disease.

– DM Solutions Co Ltd ($TSE:6549)

The company’s market cap as of 2022 is 2.39B, and its ROE is 5.37%. The company provides software development services and solutions.

Summary

Investors of DELUXE CORPORATION are encouraged by the company’s solid performance in the first quarter of the year, which saw total revenue reach $19.0 million, a dramatic 37.7% year-over-year increase. While net income slightly declined by 1.2%, this failed to offset the enthusiasm created by the revenue growth, evident in the stock price’s move up on the same day. These results suggest that DELUXE CORPORATION remains a positive investment option in the current market.