Company: DLX
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000027996-25-000051
Chunk: 15

Company: DELUXE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 15
---
ITEM 1A. RISK FACTORS

We regularly encounter and manage various risks, many of which could materially impact our future results in ways that differ from our current expectations. These risks include, but are not limited to, the key factors listed below and the other matters detailed in this Annual Report on Form 10-K. The order of presentation does not reflect any priority or likelihood. Additionally, we face general risks and uncertainties common to many other companies, such as overall economic, industry, and market conditions. There may also be additional risks that are currently unknown to us or that we currently believe are immaterial, which could negatively affect us. It is important to carefully consider all of these risks and uncertainties before making an investment in our common stock.

STRATEGIC RISKS

If our long-term growth strategy does not succeed, our business and financial results would be adversely impacted.

Our strategy involves leveraging the cash flows, customer relationships, and brand equity from our Print segment to drive profitable organic growth in our other businesses. More details about our strategy can be found under the caption "Our Strategy," located in Part I, Item 1 of this report. We may not achieve our goals, and investments in our business may not yield the expected financial results.

11

Several factors could cause our strategic plan to fall short of our expectations, including but not limited to:

•Failure to generate profitable revenue growth;

•Inability to acquire new customers, retain existing ones, and sell more products and services to both current and new customers;

•Challenges in implementing further improvements to our technology infrastructure, digital services offerings, and other key assets to boost efficiency, enhance our competitive advantage, and scale our operations;

•Failure to develop new products and services;

•Inability to effectively manage the growth, increasing complexity, and rapid changes in our business and operations;

•Difficulties in operating, integrating, or leveraging acquired businesses;

•New products and services not achieving widespread customer acceptance;

•Inability to promote, strengthen, and protect our brand;

•Unexpected changes in demand for checks or other products;

•Failure to attract and retain skilled talent necessary to execute our strategy and sustain growth;

•Unanticipated changes in our business, markets, industry, or competitive landscape; and

•General economic conditions.

We cannot guarantee that our strategy will be successful in the short term or long term, that it will generate a positive return on our investment, or that it will not materially reduce our adjusted earnings before interest, taxes, depreciation, and amortization (EBIT