Deluxe Corp Files Q3 2024 10-Q
Ticker: DLX · Form: 10-Q · Filed: Nov 7, 2024 · CIK: 27996
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
DLX Q3 10-Q is in. Check financials for product/service revenue.
AI Summary
Deluxe Corporation filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position, including revenue generated from products and services. Specific financial figures and operational details for the third quarter and the year-to-date period are presented.
Why It Matters
This filing provides investors and analysts with the latest financial data for Deluxe Corp, crucial for understanding the company's current performance and future outlook.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 2024-11-07 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- DELUXE CORP (company) — Filer
- 20240930 (date) — Period of Report
- 20241107 (date) — Filing Date
FAQ
What were Deluxe Corporation's total revenues for the third quarter of 2024?
The filing indicates revenue data for the period 2024-07-01 to 2024-09-30, but specific total revenue figures are not provided in this excerpt.
How did product revenue compare to service revenue in Q3 2024?
The filing segments revenue into 'ProductMember' and 'ServiceMember' for the periods 2024-07-01 to 2024-09-30, but the specific dollar amounts for each are not detailed in this excerpt.
What is the company's fiscal year end?
Deluxe Corporation's fiscal year ends on December 31 (1231).
When was the company previously known as DELUXE CHECK PRINTERS INC?
The company changed its name from DELUXE CHECK PRINTERS INC on 19880608.
What is the company's primary business classification?
Deluxe Corporation is classified under 'BLANKBOOKS, LOOSELEAF BINDERS & BOOKBINDING & RELATED WORK [2780]'.
Filing Stats: 4,729 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-11-07 10:01:02
Key Financial Figures
- $1.00 — ich registered Common Stock, par value $1.00 per share DLX NYSE Indicate by check
Filing Documents
- dlx-20240930.htm (10-Q) — 1654KB
- exhibit3119302024.htm (EX-31.1) — 9KB
- exhibit3129302024.htm (EX-31.2) — 9KB
- exhibit3219302024.htm (EX-32.1) — 6KB
- dlx-20240930_g1.jpg (GRAPHIC) — 30KB
- 0000027996-24-000172.txt ( ) — 9156KB
- dlx-20240930.xsd (EX-101.SCH) — 40KB
- dlx-20240930_cal.xml (EX-101.CAL) — 92KB
- dlx-20240930_def.xml (EX-101.DEF) — 219KB
- dlx-20240930_lab.xml (EX-101.LAB) — 658KB
- dlx-20240930_pre.xml (EX-101.PRE) — 441KB
- dlx-20240930_htm.xml (XML) — 1777KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
FINANCIAL STATEMENTS
Item 1. FINANCIAL STATEMENTS DELUXE CORPORATION CONSOLIDATED BALANCE SHEETS (unaudited) (in thousands, except share par value) September 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 $ 41,307 $ 71,962 Trade accounts receivable, net of allowance for credit losses 172,260 191,005 Inventories and supplies, net of reserve 39,602 42,088 Funds held for customers 41,258 383,134 Prepaid expenses 37,084 30,116 Revenue in excess of billings 29,923 26,107 Other current assets 31,203 16,576 Total current assets 392,637 760,988 Deferred income taxes 8,745 8,694 Long-term investments 62,285 61,924 Property, plant and equipment, net of accumulated depreciation of $ 350,084 and $ 334,101 , respectively 110,623 116,539 Operating lease assets 51,960 58,961 Intangibles, net of accumulated amortization of $ 790,413 and $ 775,190 , respectively 337,813 391,744 Goodwill 1,423,861 1,430,590 Other non-current assets 234,993 251,182 Total assets $ 2,622,917 $ 3,080,622 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 161,126 $ 154,863 Funds held for customers 42,683 386,622 Accrued liabilities 152,031 191,427 Current portion of long-term debt 71,914 86,153 Total current liabilities 427,754 819,065 Long-term debt 1,459,613 1,506,698 Operating lease liabilities 51,641 58,840 Deferred income taxes 3,966 22,649 Other non-current liabilities 67,258 68,754 Commitments and contingencies (Note 13) Shareholders' equity: Common shares $ 1 par value (authorized: 500,000 shares; outstanding: September 30, 2024 – 44,272 ; December 31, 2023 – 43,743 ) 44,272 43,743 Additional paid-in capital 111,679 99,141 Retained earnings 490,460 491,238 Accumulated other comprehensive loss ( 33,852 ) ( 30,028 ) Non-controlling interest 126 522 Total shareholders' equity 612,685 604,616 Total liabilities and shareholders' equity $ 2,