Company: DLX
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000027996-25-000189
Chunk: 9

Company: DELUXE CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 9
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 loss(29,477)(29,916)Non-controlling interest275 166 Total shareholders’ equity664,146 620,918 Total liabilities and shareholders’ equity$2,587,398 $2,831,036 

See Condensed Notes to Unaudited Consolidated Financial Statements

3

DELUXE CORPORATIONCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(unaudited)

Quarter EndedSeptember 30,Nine Months EndedSeptember 30,(in thousands, except per share amounts)2025202420252024Product revenue$280,797 $298,693 $850,470 $908,230 Service revenue259,450 229,751 747,510 692,985 Total revenue540,247 528,444 1,597,980 1,601,215 Cost of products(103,577)(109,090)(317,954)(338,595)Cost of services (145,561)(137,487)(428,606)(408,425)Total cost of revenue(249,138)(246,577)(746,560)(747,020)Gross profit291,109 281,867 851,420 854,195 Selling, general and administrative expense(212,364)(227,764)(652,102)(695,677)Restructuring and integration expense(2,910)(11,031)(14,625)(35,899)Asset impairment charge— (6,700)— (6,700)Gain on sale of businesses and long-lived assets— 5,208 — 29,190 Operating income75,835 41,580 184,693 145,109 Interest expense(30,529)(29,905)(92,739)(90,910)Other income, net1,905 1,834 6,196 6,560 Income before income taxes47,211 13,509 98,150 60,759 Income tax provision(13,445)(4,540)(27,915)(20,463)Net income33,766 8,969 70,235 40,296 Net income attributable to non-controlling interest(37)(38)(109)(103)Net income  attributable to Deluxe$33,729 $8,931 $70,126 $40,193 Total comprehensive income$33,236 $1,017 $