ST. PAUL, Minn. Deluxe Corp reported a 4% rise in first quarter earnings to $45.9 million, even as its core check printing business continues to diminish.
The company, which continues to rely increasingly on its small business segment, reported a 2% increase in first quarter revenue to $387.6 million. Small business revenue rose 8% for the quarter to $248.3 million.
Financial services revenue, for checks printed for credit unions and banks, declined by 4% to $87.2 million; while revenue from direct checks, those sold directly to consumers, fell 10% to $52.1 million.
