Deluxe Corp Files 10-Q for Q2 2024
Ticker: DLX · Form: 10-Q · Filed: Aug 2, 2024 · CIK: 27996
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
Related Tickers: DLX
TL;DR
DLX 10-Q filed: Q2 financials out, check for performance details.
AI Summary
Deluxe Corporation filed its 10-Q for the period ending June 30, 2024. The company reported financial results for the second quarter and the first half of the year. Specific financial figures and operational details are contained within the filing, which provides a comprehensive overview of the company's performance and financial position.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for Deluxe Corporation, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags or significant new risks disclosed.
Key Players & Entities
- DELUXE CORP (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240802 (date) — Filing date
FAQ
What were Deluxe Corporation's total revenues for the six months ended June 30, 2024?
The filing does not explicitly state the total revenues for the six months ended June 30, 2024, but it provides segment data for products and services over this period.
How did Deluxe Corporation's product revenue compare between Q2 2024 and Q2 2023?
The filing indicates product revenue for Q2 2024 and Q2 2023, allowing for a direct comparison, though the specific amounts are not provided in this header data.
What is Deluxe Corporation's fiscal year end?
Deluxe Corporation's fiscal year ends on December 31.
When was Deluxe Corporation previously known as DELUXE CHECK PRINTERS INC?
The company changed its name from DELUXE CHECK PRINTERS INC on June 8, 1988.
What is the SEC file number for Deluxe Corporation?
The SEC file number for Deluxe Corporation is 001-07945.
Filing Stats: 4,739 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-08-02 11:23:02
Key Financial Figures
- $1.00 — ich registered Common Stock, par value $1.00 per share DLX NYSE Indicate by check
- $752,687 — les, net of accumulated amortization of $752,687 and $ 775,190 , respectively 357,815 3
Filing Documents
- dlx-20240630.htm (10-Q) — 1612KB
- exhibit3116302024.htm (EX-31.1) — 9KB
- exhibit3126302024.htm (EX-31.2) — 9KB
- exhibit3216302024.htm (EX-32.1) — 6KB
- dlx-20240630_g1.jpg (GRAPHIC) — 30KB
- 0000027996-24-000141.txt ( ) — 8896KB
- dlx-20240630.xsd (EX-101.SCH) — 41KB
- dlx-20240630_cal.xml (EX-101.CAL) — 90KB
- dlx-20240630_def.xml (EX-101.DEF) — 213KB
- dlx-20240630_lab.xml (EX-101.LAB) — 637KB
- dlx-20240630_pre.xml (EX-101.PRE) — 429KB
- dlx-20240630_htm.xml (XML) — 1755KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
FINANCIAL STATEMENTS
Item 1. FINANCIAL STATEMENTS DELUXE CORPORATION CONSOLIDATED BALANCE SHEETS (unaudited) (in thousands, except share par value) June 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents, including securities carried at fair value of $ 22,000 as of December 31, 2023 $ 23,077 $ 71,962 Trade accounts receivable, net of allowance for credit losses 175,170 191,005 Inventories and supplies, net of reserve 38,028 42,088 Funds held for customers 50,937 383,134 Prepaid expenses 38,332 30,116 Revenue in excess of billings 30,964 26,107 Other current assets 34,865 16,576 Total current assets 391,373 760,988 Deferred income taxes 8,129 8,694 Long-term investments 62,281 61,924 Property, plant and equipment, net of accumulated depreciation of $ 344,856 and $ 334,101 , respectively 112,393 116,539 Operating lease assets 52,428 58,961 Intangibles, net of accumulated amortization of $752,687 and $ 775,190 , respectively 357,815 391,744 Goodwill 1,430,542 1,430,590 Other non-current assets 251,345 251,182 Total assets $ 2,666,306 $ 3,080,622 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 160,235 $ 154,863 Funds held for customers 51,870 386,622 Accrued liabilities 149,145 191,427 Current portion of long-term debt 43,124 86,153 Total current liabilities 404,374 819,065 Long-term debt 1,514,852 1,506,698 Operating lease liabilities 52,048 58,840 Deferred income taxes 12,487 22,649 Other non-current liabilities 62,069 68,754 Commitments and contingencies (Note 13) Shareholders' equity: Common shares $ 1 par value (authorized: 500,000 shares; outstanding: June 30, 2024 – 44,210 ; December 31, 2023 – 43,743 ) 44,210 43,743 Additional paid-in capital 106,466 99,141 Retained earnings 495,113 491,238 Accumulated other comprehensive loss ( 25,900 ) ( 30,028 ) Non-controlling interest 587 522 Total shareholders' equity 620,476 604,616 Total liabilities and shareholders' equity $ 2,666,306 $