Deluxe appoints payments expert Schuessler to board

MINNEAPOLIS - Deluxe Corporation (NYSE: NYSE:DLX), a company specializing in payment and data services, has announced the appointment of Morgan M. Schuessler to its Board of Directors. Schuessler’s election is part of Deluxe’s ongoing strategy to strengthen its board with industry expertise. The company, currently trading at $17.39, has shown impressive gross profit margins of 53% and maintains a healthy P/E ratio of 14.7.

Schuessler’s career spans over thirty years in the payments and financial technology sectors. He currently serves as the CEO, President, and a director of Evertec (NYSE:EVTC) Group, a role he has held since 2015. His previous experience includes a tenure as President, International, at Global Payments (NYSE:GPN) from 2005 to 2014, and various leadership roles at American Express (NYSE:AXP) Corporate Services. According to InvestingPro analysis, Deluxe Corporation’s net income is expected to grow this year, with 12 additional exclusive ProTips available for subscribers.

Cheryl Mayberry McKissack, Chair of the Deluxe Board of Directors, expressed confidence in Schuessler’s ability to contribute to the company’s vision. "I am very pleased that we are able to add him to our board," she said, highlighting the focus on recruiting board members who can support Deluxe’s identity as a trusted Payments and Data company.

Barry McCarthy, President and CEO of Deluxe, remarked on the significance of attracting a senior payment executive like Schuessler to the board. According to McCarthy, Schuessler’s experience will be instrumental in driving the company’s payments business growth.

For his part, Schuessler expressed his enthusiasm about joining Deluxe’s board, acknowledging the company’s impressive history and potential for growth in the payments and data sectors.

In addition to his role at Evertec, Schuessler is involved with several other organizations. He serves on the boards of Endeavor Puerto Rico and the Smithsonian National Board, as well as Wharton Executive Education. Schuessler holds a bachelor’s degree from New York University and an MBA from the Goizueta Business School at Emory University. He also completed the General Management Program at the Wharton School.

Deluxe, with a history of over 100 years, supports businesses with payment and data solutions designed to help them grow and thrive. The company processes over $2 trillion in annual payment volume and serves a wide range of customers, including small businesses, financial institutions, and large consumer brands. With a market capitalization of $770 million, Deluxe has maintained dividend payments for 55 consecutive years, currently offering a significant 6.9% dividend yield. InvestingPro’s Fair Value analysis suggests the stock is currently undervalued, with comprehensive research reports available for deeper insight into the company’s financial health and growth prospects.

This announcement is based on a press release statement from Deluxe Corporation.

In other recent news, Deluxe Corporation reported its fourth-quarter 2024 earnings, showcasing a robust performance with earnings per share (EPS) of $1.18, surpassing the forecast of $0.83. The company’s revenue for 2024 totaled $2,122 million, which marked a 3.2% decline year-over-year. Notably, Deluxe launched new products, including the Deluxe Payment Platform, contributing to its competitive positioning. Despite the revenue drop, the company improved its adjusted EBITDA by 3.9% to $406 million, indicating enhanced operational efficiency. Looking ahead, Deluxe projects stable revenue and EPS growth for 2025, with anticipated revenue between $2,090 million and $2,155 million. The company expects growth in its merchant and B2B segments, supported by strategic investments in cloud infrastructure. Meanwhile, Deluxe’s stock received positive attention, with analysts noting the company’s ability to outperform expectations despite a challenging revenue environment.

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