Deluxe Corp (DLX) Q3 2018 Earnings Conference Call Transcript
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Deluxe Corp (NYSE: DLX)
Q3 2018 Earnings Conference Call
Oct. 25, 2018, 11:00 a.m. ET

Contents:

  • Prepared Remarks

  • Questions and Answers

  • Call Participants

Prepared Remarks:

Operator

Good day, ladies and gentlemen and welcome to the Q3 2018 Deluxe Corporation Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions for how to participate will follow at that time. (Operator Instructions) As a reminder, this conference call is being recorded.

I'd now like to introduce you host for today's conference, Mr. Ed Merritt, Treasurer and Vice President of Investor Relations. Mr. Merritt, you may begin.

Ed Merritt -- Treasurer and Vice President of Investor Relations

Thank you, Jamie, and welcome everyone to Deluxe Corporation's Third Quarter 2018 Earnings Call. I'm Ed Merritt, Deluxe's Treasurer and Vice President of Investor Relations. Joining me on today's call is Lee Schram, our Chief Executive Officer; and Keith Bush, our Chief Financial Officer. At the end of today's prepared remarks, Lee, Keith and I will take questions.

I would like to remind you that comments made today regarding financial estimates, projections and management's intentions and expectations regarding the company's future performance are forward-looking in nature as defined in the Private Securities Litigation Reform Act of 1995. As such, these comments are subject to risks and uncertainties, which could cause actual results to differ materially from those projected. Additional information about various factors that could cause actual results to differ from projections are contained in the press release that we issued this morning, as well as in the company's Form 10-K for the year ended December 31, 2017.

Portions of the financial and statistical information that will be reviewed during this call are addressed in more detail in today's press release, which is posted on our Investor Relations website at deluxe.com/investor. This information was also furnished to the SEC on Form 8-K filed by the company this morning. And any references to non-GAAP financial measures are reconciled to the comparable GAAP financial measures in the press release or as part of our presentation during this call.

Now, I'll turn the call over to Lee.

Lee Schram -- Chief Executive Officer

Thank you, Ed and good morning everyone. Deluxe delivered a solid third quarter. We reported revenue in the middle of our outlook range and adjusted earnings per share above the high end of our outlook. Overall, total revenue declined about 1% from last year, driven by Financial Services, down 7% and Direct Checks down 9%, partially offset by small business services, 3% growth in the quarter.