Business Context and Reporting Period
Company: Deluxe Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: June 18, 2018
Event: Regulation FD Disclosure regarding an update to revenue and earnings per share (EPS) outlook for the second quarter and full year 2018.
Key Financial Metrics
This filing serves as a notification of a press release (Exhibit 99.1) containing updated financial guidance. The text of the 8-K itself does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. Investors must refer to the attached press release for these figures.
Material Changes
The filing indicates a material change in the Company's forward-looking financial expectations. Specifically, Deluxe Corporation updated its outlook for:
- Second Quarter 2018 Revenue
- Second Quarter 2018 Earnings Per Share
- Full Year 2018 Revenue
- Full Year 2018 Earnings Per Share
The filing text does not specify the direction (increase or decrease) or magnitude of these changes.
Guidance, Outlook, and Risks
Management Commentary: The Company issued a press release on June 18, 2018, to update its financial outlook. The specific rationale, risks, or contingencies driving this update are contained within the press release (Exhibit 99.1) and are not detailed in the body of this 8-K.
Legal Status: The information in Item 7.01 and Exhibit 99.1 is furnished and not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference into other filings.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated June 18, 2018) for specific updated revenue and EPS figures.
- Compare the new guidance against the previous outlook to determine the magnitude of the revision.
- Identify the specific operational or market factors cited in the press release as the cause for the outlook update.
- Verify if the guidance change impacts the Company's ability to meet full-year targets.