Deluxe Corp Files 8-K on Financials and Operations

TL;DR

Deluxe Corp dropped an 8-K detailing its financials and operations. Check it out.

AI Summary

Deluxe Corporation filed an 8-K on May 1, 2024, reporting on its results of operations and financial condition, as well as other events. The filing includes financial statements and exhibits related to the company's performance.

Why It Matters

This filing provides crucial updates on Deluxe Corporation's financial health and operational status, which can influence investor decisions and market perception.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not indicate any immediate or significant risks.

Key Players & Entities

• DELUXE CORP (company) — Registrant
• May 1, 2024 (date) — Date of Report
• MN (jurisdiction) — State of Incorporation
• 41-0216800 (identification_number) — I.R.S. Employer Identification No.
• 801 S. Marquette Ave. (address) — Principal executive offices
• Minneapolis (city) — Principal executive offices
• 55402-2807 (zip_code) — Principal executive offices
• ( 651 ) 483-7111 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $1.00 — ich registered Common stock, par value $1.00 per share DLX NYSE Indicate by check

Filing Documents

• dlx-20240501.htm (8-K) — 33KB
• exhibit99150120248-k.htm (EX-99.1) — 85KB
• 0000027996-24-000117.txt ( ) — 247KB
• dlx-20240501.xsd (EX-101.SCH) — 2KB
• dlx-20240501_lab.xml (EX-101.LAB) — 21KB
• dlx-20240501_pre.xml (EX-101.PRE) — 12KB
• dlx-20240501_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. Segment Realignment Effective for the quarter ended March 31, 2024, Deluxe Corporation (the "Company") reorganized its reportable business segments to align with changes in its organizational structure that better reflect its portfolio mix and offerings. As further described under Item 8.01 of this Current Report on Form 8-K, the Company's new reportable segments are Merchant Services, B2B Payments, Data Solutions and Print. Supplemental Financial Information Exhibit 99.1 to this Current Report on Form 8-K includes unaudited, recast financial information under the new segment structure relative to business segment revenue and adjusted EBITDA for fiscal years 2023 and 2022 and quarterly information for each of the quarters within fiscal year 2023. The Company did not operate under the new segment structure during these periods. The methodology utilized to determine segment operating performance did not change, and information regarding this methodology is provided in the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. The recasting of previously issued financial information does not represent a restatement of previously issued financial statements and does not affect the Company's reported net income, earnings per share, total assets or shareholders' equity for any of the previously reported periods, nor does it reflect any subsequent information or event, other than as required to reflect the segment reorganization described above. The information in this Item 2.02 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference into any filings under the Securities Act of 1933, as amended. Section 8 - Other Events

01 Other Events

Item 8.01 Other Events. Under the revised reporting structure, beginning with the filing of the Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, the Company will present four reportable segments, as follows: Merchant Services – provides electronic credit and debit card authorization and payment systems and processing services primarily to small and medium-sized retail and service businesses. B2B Payments – 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. Data Solutions – provides data-driven marketing solutions, including digital engagement, financial institution profitability reporting and account switching tools, and business incorporation services. Print – provides printed personal and business checks, printed business forms, business accessories and promotional products. 2 Section 9 - Financial Statements and Exhibits

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Supplemental segment financial information (furnished pursuant to Item 2.02 of this Current Report on Form 8-K) 101.INS XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document 101.SCH XBRL Taxonomy Extension Schema Document 101.LAB XBRL Taxonomy Extension Label Linkbase Document 101.PRE XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover page interactive data file (formatted as Inline XBRL and contained in Exhibit 101) 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 1, 2024 DELUXE CORPORATION /s/ Jeffrey L. Cotter Jeffrey L. Cotter Senior Vice President, Chief Administrative Officer and General Counsel 4

View Full Filing

View this 8-K filing on SEC EDGAR