Company: DLX
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000027996-25-000142
Chunk: 41

Company: DELUXE CORP
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 41
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 integration expense8,420 14,737 Share-based compensation expense5,459 5,121 Certain legal and environmental expense512 300 Gain on sale of businesses and long-lived assets— (8,581)Adjusted EBITDA$100,170 $100,458 Adjusted EBITDA margin18.7 %18.8 %

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 EndedMarch 31,(in thousands, except per share amounts)20252024Net income$14,048 $10,830 Net income attributable to non-controlling interest(35)(27)Net income attributable to Deluxe14,013 10,803 Acquisition amortization11,799 14,816 Accelerated amortization— 3,069 Restructuring and integration expense8,420 14,737 Share-based compensation expense5,459 5,121 Certain legal and environmental expense512 300 Gain on sale of businesses and long-lived assets— (8,581)Adjustments, pretax26,190 29,462 Income tax provision impact of pretax adjustments(1)(6,282)(6,417)Adjustments, net of tax19,908 23,045 Adjusted net income attributable to Deluxe33,921 33,848 Re-measurement of share-based awards classified as liabilities(70)(40)Adjusted income attributable to Deluxe available to common shareholders$33,851 $33,808 Weighted average shares and potential common shares outstanding45,280 44,487 Adjustment(2)9 32 Adjusted weighted average shares and potential common shares outstanding45,289 44,519 GAAP diluted EPS$0.31 $0.24 Adjustments, net of tax0.44