Company: DLX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000027996-25-000163
Chunk: 91

Company: DELUXE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 91
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$103,386 $206,632 $203,844 Adjusted EBITDA as a percentage of total revenue (adjusted EBITDA margin)20.4%19.2%19.5%19.0%

Adjusted diluted EPS – We believe that adjusted diluted EPS is a valuable metric for providing comparable information that assists in analyzing our current period operating performance and assessing our future operating performance. By excluding the impact of non-cash items or items that we believe are not indicative of current period operating performance, adjusted diluted EPS offers a useful view of our underlying business performance. Adjusted diluted EPS is one of the key financial performance metrics we use to evaluate the operating results and performance of the business, and it helps us identify strategies to improve performance. While it is reasonable to expect that one or more of the excluded items will occur in future periods, the amounts recognized may vary significantly.

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Diluted EPS reconciles to adjusted diluted EPS as follows:

 Quarter EndedJune 30,Six Months EndedJune 30,(in thousands, except per share amounts)2025202420252024Net income$22,422 $20,497 $36,469 $31,327 Net income attributable to non-controlling interest(37)(38)(72)(65)Net income attributable to Deluxe22,385 20,459 36,397 31,262 Acquisition amortization11,415 13,960 23,214 28,776 Accelerated amortization— 6,820 — 9,889 Restructuring and integration expense4,236 11,029 12,656 25,766 Share-based compensation expense6,172 5,009 11,631 10,130 Certain legal and environmental expense— — 512 300 Gain on sale of businesses and long-lived assets— (15,401)— (23,982)Adjustments, pretax21,823 21,417 48,013 50,879 Income tax provision impact of pretax adjustments(1)(4,628)(3,427)(10,909)(9,844)Adjustments, net of tax17,195 17,990 37,104 41,035 Adjusted net income attributable to Deluxe39,580 38,449 73,501 72,297 Re-measurement of share-based awards classified as liabilities— — (69)(40)Adjusted income attributable to Deluxe