Deluxe Reports Improvement in Q1 Results, Outlook for Full Year

ST. PAUL, MN—April 22, 2010—Deluxe Corp. (NYSE: DLX) reported its revenue for the first quarter was $335.1 million, compared to $339.5 million during the first quarter of 2009. Operating income in 2010 was $69.0 million compared to $27.2 million in the first quarter of 2009. Operating income was 20.6 percent of revenue compared to 8.0 percent in the prior year. The asset impairment charges and restructuring-related costs reduced operating margin by 8.0 percentage points in 2009.