Company: DLX
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000027996-25-000189
Chunk: 97

Company: DELUXE CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 97
---
 90,910 Income tax provision13,445 4,540 27,915 20,463 Restructuring and integration expense2,934 11,265 15,590 37,031 Share-based compensation expense5,960 4,842 17,591 14,972 Certain legal and environmental expense (benefit)38 (350)550 (50)Asset impairment charge— 6,700 — 6,700 Gain on sale of businesses and long-lived assets— (5,208)— (29,190)Adjusted EBITDA$118,887 $104,902 $325,519 $308,745 Adjusted EBITDA as a percentage of total revenue (adjusted EBITDA margin)22.0%19.9%20.4%19.3%

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.

31

Diluted EPS reconciles to adjusted diluted EPS as follows:

 Quarter EndedSeptember 30,Nine Months EndedSeptember 30,(in thousands, except per share amounts)2025202420252024Net income$33,766 $8,969 $70,235 $40,296 Net income attributable to non-controlling interest(37)(38)(109)(103)Net income attributable to Deluxe33,729 8,931 70,126 40,193 Acquisition amortization10,581 13,475 33,795 42,251 Accelerated amortization— 6,851 — 16,740 Restructuring and integration expense2,934 11,265 15,590 37,031 Share-based compensation expense5,960 4,842 17,591 14,972 Certain legal and environmental expense (benefit)38 (350)550 (50)Asset