Deluxe Corp. (NYSE:DLX) Q2 2020 Earnings Conference Call - Final Transcript

Jul 30, 2020 • 04:45 pm ET


Deluxe Corp. (NYSE:DLX) Q2 2020 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Ladies and gentlemen, thank you for standing by, and welcome to the Second Quarter 2020 Deluxe Earnings Conference Call. [Operator Instructions]

I would now like to turn the conference over to your host, Mr. Ed Merritt. Sir, you may begin.

Edward A. Merritt

Thank you, and welcome to the Second Quarter 2020 Earnings Call. I'm ed Merritt, Vice President of Corporate Finance and Treasurer. And joining me on today's call is Barry McCarthy, our President and Chief Executive Officer; Keith Bush, our Chief Financial Officer; and Jane Elliott, our Chief Communications and HR Officer. At the end of today's prepared remarks, Barry, Keith, Jane and I will take questions. I would like to remind you that comments made today regarding management's intentions, projections, financial estimates or expectations about the company's future strategy or performance are forward-looking in nature, as defined in the Private Securities Litigation Reform Act of 1995. These comments are subject to risks and uncertainties, including risks related to COVID-19, which could cause our actual results to differ materially from our projections.

Additional information about factors that might cause our actual results to differ from projections is contained in the press release issued today, in the company's Form 10-K for the year ended December 31, 2019, the Form 10-Q, which will be released in conjunction with our second quarter earnings release shortly, as well as other SEC filings. Portions of the statistical and financial information that will be reported today will be addressed in more detail in today's press release, which is posted on our Investor Relations website at This information will be furnished to the SEC on the Form 8-K filed by the company this afternoon. I'm told that EDGAR is currently down for filing SEC documents, but we'll furnish these as soon as their systems back up.

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. Like last quarter, we continued to work remotely from different locations today and remain committed to safety and health-related protocols in order to keep our employer owners safe. Please bear with us should we experience any technical difficulties during this call, given our virtual status.

Now I'll turn the call over to Barry. Thanks,

Barry C. McCarthy

Ed, and good afternoon, everyone. Before we begin, I'd like to share with you, this will be Ed's last earnings call as he'll be retiring at the end of the year and will serve as a special adviser to Keith during that time. Ed has made contributions to Deluxe over the past seven years, and we thank him for his leadership and dedication and wish him all the best in his retirement. Also on the call with us today is Jane Elliott, Chief Communications and Human Resources Officer. Jane will lead Investor Relations, which will be integrated with all of our communications capabilities. Many of you have known Jane for many years, given her two decades of successful experience running IR