Fontis Solutions has been acquired by Dallas-based franchisor Safeguard Business Systems, a Deluxe Corp. company.
This week Julie Greenbaum highlights industry news, including Mark Michelson's live interview with Bob Poole, partner of DOME in Sacramento, CA. Other major announcements this week came from Allied Printing Services, Quad/Graphics, Grafika, MET Fine Printers and Rhino Print Solutions, Proforma Signature Solutions, Deluxe Corp., and Pitney Bowes.
Results for the first quarter of 2015 were reported by Deluxe Corp.
Deluxe Corp. is marking its 100th anniversary with a year-long celebration that shines a spotlight on the small businesses in the U.S.
Deluxe Corp. has released its financial results for the fourth quarter ended December 31, 2014. Revenue increased 7.3 percent year-over-year due to the financial Services segment which included the results of Wausau Financial Systems, acquired in October 2014, and Destination Rewards, acquired in December 2013, and the Small Business Services segment which grew 5.8 percent.
To help businesses, schools and organizations prepare for disasters, the Deluxe Corporation Foundation has announced a contribution of $250,000 to the American Red Cross Ready Rating program. "Investing in the Ready Rating program aligns with our goals because it supports and strengthens communities, businesses and schools that may not otherwise be prepared for a natural disaster," said Jenny Anderson, director of the Deluxe Corporation Foundation.
Final results for Deluxe Corp.'s third quarter have been released. The company experienced revenue increases of 3.8 percent over last year. Adjusted EPS of $1.03 increased by 7.3 percent, which exceeded the high end of the outlook. In addition, Deluxe Corp. acquired Wausau Financial Systems. Revenue, operating cash flow and earnings are expected to continue to grow in 2014 and 2015.
Deluxe Corp. has announced its financial results for the second quarter ended June 30, 2014. Both revenue and adjusted diluted EPS exceeded the high end of the range in the prior outlook. The earnings results were driven by strong revenue performance in all segments, each of which met or exceeded revenue expectations, and better than expected cost reductions partially offset by a slightly higher effective tax rate.
Thomas J. Reddin, managing partner of Red Dog Ventures, has been elected to Deluxe Corp.'s board of directors, bringing the total number of directors to 10, nine of whom are independent of management.
Deluxe Corp. announced its financial results for the fourth quarter ended December 31, 2013. Revenue of $417.8 million was above the mid-point of the range in the prior outlook and adjusted diluted EPS exceeded the high end of the range in the prior outlook. The strong earnings performance was driven primarily by better operating margins in Small Business Services and Financial Services and a lower effective tax rate.