Deluxe posted Q2 revenue of $499.3 million, down 4.2% year over year; GAAP net income fell 14.3% to $19.2 million.
GAAP diluted EPS dropped 18% to $0.41; comparable adjusted diluted EPS rose 6.1% to $0.87.
Comparable adjusted EBITDA increased 5.3% to $108.8 million; comparable adjusted EBITDA margin widened 0.6 percentage points to 21.8%.
Cash flow and outlook
Cash from operating activities climbed 32.1% to $133.9 million in the first half; free cash flow more than doubled 64.9% to $85.9 million.
Full-year guidance was raised to reflect the Celero acquisition, targeting revenue of $2.095 billion-$2.12 billion, adjusted EBITDA of $455 million-$475 million.
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