Deluxe (DLX) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 6, 2026 astatine 12:07 PM CDT 29 min read

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Date

Wednesday, May 6, 2026 astatine 8:30 a.m. ET

Call participants

• President and Chief Executive Officer — Barry McCarthy

• Chief Financial Officer — Chip Zint

• Vice President, Investor Relations — Brian Anderson

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Full Conference Call Transcript

Brian Anderson: Thank you, operator, and invited to the Deluxe First Quarter 2026 Earnings Call. Joining maine connected today's telephone are Barry McCarthy, our President and Chief Executive Officer; and Chip Zint, our Chief Financial Officer. At the extremity of today's prepared remarks, we volition instrumentality questions. Before we statesman and arsenic seen connected the existent slide, I'd similar to punctual everyone that comments made contiguous regarding management's intentions, projections, fiscal estimates and expectations astir the company's aboriginal strategy oregon show are forward-looking successful quality arsenic defined successful the Private Securities Litigation Reform Act of 1995.

Additional accusation astir factors that whitethorn origin existent results to disagree from projections is acceptable distant successful the property merchandise we furnished contiguous successful our Form 10-K for the twelvemonth ended December 31, 2025, and successful different institution SEC filings. On the telephone today, we volition sermon non-GAAP fiscal measures, including comparable adjusted revenue, adjusted and comparable adjusted EBITDA and EBITDA margin, adjusted and comparable adjusted EPS and escaped currency flow. All comparable adjusted metrics bespeak the removal of impacts from concern exits, including anterior twelvemonth adjustments to bespeak removal of the Safeguard concern effectual with the closing of that divestiture arsenic of March 1, 2026.

In our property release, today's presumption and our filings with the SEC, you volition find further disclosures regarding non-GAAP measures, including reconciliation of these measures to the astir comparable measures nether U.S. GAAP. Within the materials, we are besides providing reconciliations of GAAP EPS to adjusted EPS, which whitethorn assistance with your modeling. And with that, I'll manus it implicit to Barry.

Barry McCarthy: Thanks, Brian, and bully morning, everyone. I'm pleased to study our beardown commencement to 2026. We continued our affirmative momentum, peculiarly successful driving sustainable maturation successful our payments and information businesses. During the archetypal quarter, endeavor results erstwhile again reflected integrated maturation crossed each cardinal metrics, including revenue, adjusted EBITDA, EPS and escaped currency flow. We're present successful our 4th consecutive year, driving accordant maturation crossed our halfway net metrics. We're besides arrogant to study that we reached 2 important strategical milestones during the quarter. First, we achieved our semipermanent 3x leverage ratio target, 3 quarters earlier than promised astatine our December 2023 Investor Day.