Deluxe Corp. issued outlook for the first quarter and reaffirmed its guidance for the full year.

The company expects to generate revenue in the range of $469 million to $477 million in the first quarter.

Both GAAP and adjusted non-GAAP EPS are projected to be in the range of $1.12 to $1.17. The outlook includes about 7 cents per share of EPS dilution attributable to the acquisition of FMCG Direct, Deluxe said in a statement.

The S&P Capital IQ consensus normalized EPS estimate for the first quarter is $1.20.

For the full year 2017, the company continues to expect revenue of $1.94 billion to $1.98 billion, with marketing solutions and other services revenue projected to be in the range of $735 million to $755 million. Both GAAP and adjusted non-GAAP EPS are still expected to be between $5.10 and $5.30.

The company reported fourth-quarter 2016 net income of $54.2 million, or $1.11 per share, down from $59.7 million, or $1.20 per share, in the year-ago quarter. Adjusted non-GAAP EPS was $1.35 per share for the quarter, compared with $1.26 per share in the prior-year quarter.

The S&P Capital IQ consensus normalized EPS estimate for the fourth quarter of 2016 was $1.35.

For the full year 2016, Deluxe reported net income of $229.4 million, or $4.65 per share, up from $218.6 million, or $4.36 per share, in 2015.