Deluxe Corporation revised earnings guidance for 2016 and provided earnings guidance for 2017. With the final closing date of December 30, 2016, the company is reducing its full year 2016 revenue outlook for this by $6 million and also for some additional softness in the seasonal holiday card space. The company now expects full year 2016 revenue to be in the range of $1.847 billion to $1.850 billion. And it expects to end the year with revenue from the MOS category of products and services at about $615 million, delivering growth of approximately 16% over 2015. The company now expects diluted earnings per share to range between $4.64 to $4.69 per share. For both the fourth quarter and full year of 2016 compared to the prior outlook, diluted EPS was reduced by $0.05 per share from transaction costs, primarily due to the FMCG acquisition. $0.04 per share from additional restructuring costs, primarily due to severance and $0.04 per share of additional debt extinguishment costs from the redemption of the 2020 senior notes and the related settlement of interest rate swaps. The company continues to expect adjusted earnings diluted -- adjusted diluted earnings per share to be in the range of $4.95 to $5.

The company is planning for what it expects to be an eighth consecutive year of revenue growth of approximately 5% to 7% compared to 2016. This is expected to produce adjusted diluted earnings per share growth ranging from approximately 3% to 6% with the assumption that it will invest more in brand awareness, benefit from a reduction in interest expense and have a tax rate slightly higher than 2016. The company also expects adjusted EBITDA to grow approximately twice as fast as earnings per share growth. Finally, the company expects operating cash flow growth for a ninth consecutive year. Next, the company expects FMCG 2017 revenue to be in the range of $80 million to $85 million, and expects the transaction will be approximately $0.05 dilutive per share for the full year. The company expects FMCG revenue to increase quarterly throughout 2017. And given this revenue seasonality, expects first quarter 2017 EPS dilution of approximately $0.07 per share. So summing up these changes, the company expects 2017 revenue to grow between $1.935 billion and $1.975 billion and diluted earnings per share and adjusted diluted earnings per share to range from $5.10 to $5.30 per share. Adjusted earnings per share outlook is in line with the initial 3% to 6% growth outlook from its third quarter earnings call.