DELUXE CORP
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
DLX$26.59+2.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
DELUXE CORPORATIONCONSOLIDATED STATEMENTS OF INCOME
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands, except per share amounts) | 2023 | 2022 | 2021 |
| Product revenue | $1,257,600 | $1,286,197 | $1,244,529 |
| Service revenue | 934,660 | 951,813 | 777,668 |
| Total revenue | 2,192,260 | 2,238,010 | 2,022,197 |
| Cost of products | (486,029) | (470,237) | (450,880) |
| Cost of services | (543,548) | (561,879) | (433,390) |
| Total cost of revenue | (1,029,577) | (1,032,116) | (884,270) |
| Gross profit | 1,162,683 | 1,205,894 | 1,137,927 |
| Selling, general and administrative expense | (956,068) | (993,250) | (941,023) |
| Restructuring and integration expense | (78,245) | (62,529) | (54,750) |
| Gain on sale of businesses and long-lived assets | 32,421 | 19,331 | — |
| Operating income | 160,791 | 169,446 | 142,154 |
| Interest expense | (125,643) | (94,454) | (55,554) |
| Other income, net | 4,651 | 9,386 | 7,203 |
| Income before income taxes | 39,799 | 84,378 | 93,803 |
| Income tax provision | (13,572) | (18,848) | (31,031) |
| Net income | 26,227 | 65,530 | 62,772 |
| Net income attributable to non-controlling interest | (107) | (135) | (139) |
| Net income attributable to Deluxe | $26,120 | $65,395 | $62,633 |
| Basic earnings per share | $0.60 | $1.52 | $1.48 |
| Diluted earnings per share | 0.59 | 1.50 | 1.45 |
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