- DCM expects to report fiscal 2024 revenue in the range of
$478 to $480 million, and Adjusted EBITDA1 in the range of $62 to
$64 million
- Objective to return gross profit margins to +30% remains on
track
- Final audited financial results to be announced after-market
close on March 12, 2025, with a conference call and webcast at 9:00
a.m. EST on Thursday March 13, 2025
DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF)
(“DCM” or the "Company"), a leading Canadian provider of print and
digital solutions that help simplify complex marketing
communications and workflow, today announced unaudited preliminary
financial results for the fiscal year ended December 31, 2024.
“We completed the complex integration of Moore Canada
Corporation (“MCC”) on budget and nearly a full year ahead of our
original schedule,” said Richard Kellam, President & CEO of
DCM. “The actions we took during 2024 to accelerate the
consolidation of our plant network, integrate our ERP and
back-office systems, and harmonize our offerings to customers
required a significant investment of time, resources, and attention
by our teams. These actions, along with decisions we made to exit
certain low margin accounts, shifts in project timing for some
large enterprise clients, and the Canada Post strike at year-end
impacted our growth in 2024.”
“With the internal focus of the integration behind us and our
restructuring complete, we believe we are well positioned to
leverage our larger scale, expanded product mix and the skills and
capabilities of our team to deliver on our commitment to driving
profitable growth, returning to pre-acquisition levels of +30%
gross profit margins, and delivering strong free cash flow1 going
forward,” Kellam added.
Fiscal 2024 Preliminary Results Based on preliminary
results, for the full fiscal year 2024, DCM expects to report:
- Total revenues in the range of $478 to $480 million
- Gross Profit as a percentage of revenues of approximately
27%
- Adjusted EBITDA in the range of $62 to $64 million
- Total Net Debt1 at the end of 2024 of approximately $79
million
These preliminary results are based on the Company’s current
expectations and may be adjusted as a result of the completion of
customary annual audit procedures.
Q4 and Fiscal 2024 Planned Release Details The Company
plans to release its fourth quarter and fiscal 2024 results
after-market close on Wednesday, March 12, 2025, and host a
conference call and webcast on Thursday, March 13, 2025, at 9:00
a.m. EST. Mr. Kellam and James Lorimer, CFO, will present the
results followed by a live Q&A.
Register for the webcast prior to the start of the event:
Microsoft Virtual Events Powered by Teams
All attendees must register for the webinar prior to the call.
Please complete the phone field in the form at the above link
(prior to the start of the event) if you wish to dial in.
The Company’s full results will be posted on its Investor
Relations page and on SEDAR+. A video message from Mr. Kellam will
also be posted on the Company’s website.
1 Adjusted EBITDA, Free Cash Flow and Net
Debt are non-IFRS Accounting Standards measures. For a
description of the composition of these and other non-IFRS
Accounting Standards measures used in this press release, and a
reconciliation to their most comparable IFRS Accounting Standards
measure, where applicable, please see our most recent Management
Discussion & Analysis filed on www.sedarplus.ca.
About DATA Communications Management Corp. DCM is a
leading Canadian tech-enabled provider of print and digital
solutions that help simplify complex marketing communications and
operations workflow. DCM serves over 2,500 clients including 70 of
the 100 largest Canadian corporations and leading government
agencies. Our core strength lies in delivering individualized
services to our clients that simplify their communications,
including customized printing, highly personalized marketing
communications, campaign management, digital signage, and digital
asset management. From omnichannel marketing campaigns to
large-scale print and digital workflows, our goal is to make
complex tasks surprisingly simple, allowing our clients to focus on
what they do best.
Additional information relating to DCM is available on
www.datacm.com, and in the disclosure documents filed by DCM on
SEDAR+ at www.sedarplus.ca.
FORWARD-LOOKING STATEMENTS Certain statements in this
press release constitute “forward-looking” statements that involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance, objectives or achievements
of DCM, or industry results, to be materially different from any
future results, performance, objectives or achievements expressed
or implied by such forward-looking statements. When used in this
press release, words such as “may,” “would,” “could,” “will,”
“expect,” “anticipate,” “estimate,” “believe,” “intend,” “plan,”
and other similar expressions are intended to identify
forward-looking statements. These statements reflect DCM’s current
views regarding future events and operating performance, are based
on information currently available to DCM, and speak only as of the
date of this press release.
These forward-looking statements involve a number of risks,
uncertainties, and assumptions. They should not be read as
guarantees of future performance or results and will not
necessarily be accurate indications of whether or not such
performance or results will be achieved. Many factors could cause
the actual results, performance, objectives, or achievements of DCM
to be materially different from any future results, performance,
objectives, or achievements that may be expressed or implied by
such forward-looking statements. We caution readers of this press
release not to place undue reliance on our forward-looking
statements since a number of factors could cause actual future
results, conditions, actions, or events to differ materially from
the targets, expectations, estimates, or intentions expressed in
these forward-looking statements.
The principal factors, assumptions and risks that DCM made or
took into account in the preparation of these forward-looking
statements and which could cause our actual results and financial
condition to differ materially from those indicated in the
forward-looking statements are described in further detail in our
most recent annual and interim Management Discussion and Analysis
filed on SEDAR+, and include but are not limited to the following:
declines in print consumption; the impact of tariffs and responses
thereto (including by governments, trade partners and customers),
which may include, without limitation, retaliatory tariffs, export
taxes, restrictions on exports to the U.S. or other measures, and
the effect of governmental regulations and policies in general; our
ability to achieve and meet our revenue, profitability, free cash
flow and debt reduction targets for 2025 and in the future; while
we have received consents from our lenders for the declaration and
payment of the special dividend and regular recurring dividend,
including the exclusion of the special dividend from our fixed
charge coverage ratios, our financial leverage may increase, and
there is no guarantee that we will pay such dividends in the
future; and, our ability to comply with our financial and other
covenants under our credit facilities, which may preclude us from
paying future dividends if our outlook and future financial
liquidity changes.
Additional factors are discussed elsewhere in this press release
and under the headings "Liquidity and capital resources" and “Risks
and Uncertainties” in DCM’s Management Discussion and Analysis and
in DCM’s other publicly available disclosure documents, as filed by
DCM on SEDAR+.
Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking statements
prove incorrect, actual results may vary materially from those
described in this press release as intended, planned, anticipated,
believed, estimated, or expected. Unless required by applicable
securities law, DCM does not intend and does not assume any
obligation to update these forward-looking statements.
NON-IFRS ACCOUNTING STANDARDS MEASURES NON-IFRS
ACCOUNTING STANDARDS AND OTHER FINANCIAL MEASURES
This press release includes certain non-IFRS Accounting
Standards measures, ratios, and other financial measures as
supplementary information. This supplementary information does not
represent earnings measures recognized by IFRS Accounting Standards
and does not have any standardized meanings prescribed by IFRS
Accounting Standards. Therefore, these non-IFRS Accounting
Standards measures, ratios and other financial measures are
unlikely to be comparable to similar measures presented by other
issuers. Investors are cautioned that this supplementary
information should not be construed as alternatives to net income
(loss) determined in accordance with IFRS Accounting Standards as
an indicator of DCM’s performance.
Definitions of such supplementary information, together with a
reconciliation of net income (loss) to such supplementary financial
measures, can be found in our most recent annual and interim
Management Discussion and Analysis and filed on SEDAR+ at
www.sedarplus.ca.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250226201944/en/
Mr. Richard Kellam President and Chief Executive Officer DATA
Communications Management Corp. Tel: (905) 791-3151
Mr. James E. Lorimer Chief Financial Officer DATA Communications
Management Corp. Tel: (905) 791-3151 ir@datacm.com
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