Deluxe Posts Income Increase
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by Chief Marketer Staff
Deluxe Corp. posted net income of net income of $30.5 million in the fourth quarter 2009 an increase over net income of $27.9 million in the prior year.
The St. Paul, MN firm reported revenue of $340.3 million for the quarter ended Dec. 31, a decrease from $364.9 million the last year.
“We delivered a very strong quarter despite continued challenges in the economic environment,” said Lee Schram, CEO, in a statement. “Although revenue from holiday-related products was below our expectation, revenue from checks and forms was particularly strong later in the quarter helping us deliver the top end of our revenue outlook while driving strong cash flow and earnings growth.”
