Deluxe Corporation's stock plummeted 13.71% during intraday trading on Wednesday, marking a significant decline for the commercial printing services company.
The sharp drop came after the company reported first-quarter results that beat analyst expectations but lowered its full-year 2026 guidance. Deluxe posted Q1 adjusted earnings of $1.05 per share, surpassing the FactSet consensus estimate of $0.87, while revenue of $538.1 million also exceeded the $535 million expectation.
However, the company reduced its 2026 outlook to reflect the sale of its Safeguard business, now expecting adjusted diluted EPS of $3.60 to $4.00 compared to the prior guidance of $3.90 to $4.30. Full-year revenue is now projected to be in the range of $1.99 billion to $2.05 billion, below analyst expectations of $2.14 billion.