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Deluxe issues Q1 outlook, reaffirms FY'17 guidance

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Deluxe issues Q1 outlook, reaffirms FY'17 guidance

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.