DLX — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-11-05

• On the growth side of our portfolio, our payments and data businesses demonstrated strong momentum, collectively delivering 14.6% year-over-year revenue growth and an 18.0% increase in adjusted EBITDA in the first nine months of 2026. Approximately $33.5 million of the revenue increase was driven by…

• Enhancing operational efficiency – During the first nine months of 2026, we continued to focus on cost management and operational efficiency through workforce adjustments across multiple functions and optimization of our marketing strategies. We also continued to realize the benefits of prior-year i…

• On a consolidated basis, net income decreased $2.2 million year-over-year in the first nine months of 2026, primarily reflecting costs associated with the Celero acquisition and continued secular declines in our Print segment. However, our cost management and operational efficiency initiatives, toge…

• businesses, contributed to improvements in consolidated adjusted EBITDA and adjusted EBITDA margin compared to the first nine months of 2025.

• Disciplined capital allocation – We continued to apply our capital allocation framework, focusing on investments that support our strategic growth objectives while maintaining financial flexibility. During the first nine months of 2026, net cash provided by operating activities increased by $47.4 mi…

Text removed vs the prior filing · source: 10-Q · 2026-08-06

• In June 2026, we entered into an equity purchase agreement and plan of merger to acquire Celero Commerce (“Celero”), a financial technology company that provides payment solutions to small and mid-sized businesses through a diversified distribution network. The transaction closed on July 31, 2026, w…

• Enhancing operational efficiency – In the first half of 2026, we reduced selling, general and administrative (SG&A) expense by 6.4% year-over-year, reflecting the benefits of our ongoing cost management efforts. Additionally, despite revenue pressures in the Print segment, operational improvements r…

• Disciplined capital allocation – We continued to apply our capital allocation framework, working to ensure investments are aligned with our growth objectives and deliver optimal returns. In the first half of 2026, net cash provided by operating activities increased by $32.5 million year-over-year, a…

• Highlights of our financial results for the first half of 2026 compared to the first half of 2025 include:

• •Consolidated revenue – Decreased by $20.3 million to $1,037.4 million, primarily driven by the first quarter business exit, which reduced revenue by approximately $47.1 million. Additionally, the ongoing secular decline in order volumes for checks, business forms, and various business accessories i…

Text added vs the prior filing · source: 10-Q · 2026-11-05

• In connection with the acquisition of Celero on July 31, 2026, as discussed in the Executive Overview section, we amended our credit agreement, which consists of an $800.0 million senior secured term loan facility and a $400.0 million senior secured revolving credit facility. We utilized the additio…

• On July 31, 2026, we entered into amortizing interest rate swap agreements to mitigate variability in interest payments on a portion of our variable-rate debt. The interest rate swaps, which mature in July 2030, effectively convert $600.0 million of variable-rate debt to fixed-rate debt. The weighte…

• Borrowings under our amended credit agreement and our accounts receivable financing arrangement bear interest at fluctuating rates, as specified in the agreements. Additionally, as of September 30, 2026, $475.0 million of 8.0% senior unsecured notes and $450.0 million of 8.125% senior secured notes …

• The senior unsecured notes are scheduled to mature in June 2029, while the senior secured notes will mature in September 2029. However, if any of the senior unsecured notes issued in 2021 remain outstanding as of February 1, 2029, the 2024 senior secured notes will also mature on that date. The acco…

• As of September 30, 2026, our total debt outstanding was as follows:

Text removed vs the prior filing · source: 10-Q · 2026-08-06

• As of June 30, 2026, our credit agreement was scheduled to mature on February 1, 2029, at which point any outstanding amounts under the revolving credit facility were to be repaid. The term loan facility required periodic principal payments through December 2028, with the remaining balance due on Fe…

• In connection with the acquisition of Celero on July 31, 2026, as discussed in the Executive Overview section, we amended our credit facility agreement, which now consists of an $800.0 million term loan facility and a $400.0 million revolving credit facility. We utilized the additional capacity unde…

• On July 31, 2026, we also entered into amortizing interest rate swap agreements to mitigate variability in interest payments on a portion of our variable-rate debt. The interest rate swaps, which terminate in July 2030, effectively convert, as of the inception date, $600.0 million of variable-rate d…

• Borrowings under both the previous and amended credit facilities and the accounts receivable financing arrangement bear interest at fluctuating rates, as specified in the credit agreements. Additionally, as of June 30, 2026, we had outstanding $475.0

• million of 8.0% senior unsecured notes and $450.0 million of 8.125% senior secured notes. When factoring in the related discount and debt issuance costs, the effective interest rate on these notes is 8.3% and 8.6%, respectively.

Text added vs the prior filing · source: 10-Q · 2026-11-05

• (a) Disclosure Controls and Procedures – As of the end of the period covered by this report, September 30, 2026 (the "Evaluation Date"), we carried out an evaluation, under the supervision and with the participation of management, including the Chief Executive Officer and the Chief Financial Officer…

• Based upon our evaluation as of September 30, 2026, the Chief Executive Officer and the Chief Financial Officer concluded that, as of the Evaluation Date, our disclosure controls and procedures were effective to ensure that information required to be disclosed in the reports that we file or submit u…

• (b) Internal Control Over Financial Reporting – On July 31, 2026, we completed the acquisition of Celero Commerce ("Celero"). As permitted by SEC guidance for recently acquired businesses, we intend to exclude Celero from the scope of management's assessment of internal control over financial report…

• Except as noted above, there were no changes in our internal control over financial reporting during the quarter ended September 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2026-08-06

• (a) Disclosure Controls and Procedures – As of the end of the period covered by this report, June 30, 2026 (the "Evaluation Date"), we carried out an evaluation, under the supervision and with the participation of management, including the Chief Executive Officer and the Chief Financial Officer, of …

• (b) Internal Control Over Financial Reporting – There were no material changes in our internal control over financial reporting identified in connection with our evaluation during the quarter ended June 30, 2026 that have materially affected, or are reasonably likely to materially affect, our intern…