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- Revenue of $42.9 million declined 6.9 percent year-over-year due primarily to the secular decline in check usage.
- Operating income increased 0.7 percent year-over-year as a result of cost reductions, partially offset by lower revenue.
Other Highlights
- Cash provided by operating activities for the first nine months of 2014 was $203.3 million, an increase of$19.3 million compared to 2013, driven primarily by improved earnings, changes in working capital, and lower medical and performance-based compensation payments, partially offset by higher income tax payments.
- The company repurchased $8.2 million of common stock in open market transactions in the third quarter and $60.1 million year-to-date.
- On Oct. 21, 2014, the board of directors of Deluxe Corporation declared a regular quarterly dividend of $0.30 per common share on all outstanding shares of the company. The dividend will be payable on Dec. 1, 2014 to all shareholders of record at the close of business on Nov. 17, 2014.
Acquisition of Wausau Financial Systems
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- People:
- Lee Schram
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