Data Communications Management Corp. Announces Preliminary Financial Results for Fiscal 2024
Data Communications Management (DCM) has released preliminary financial results for fiscal 2024, projecting revenue between $478-480 million and Adjusted EBITDA of $62-64 million. The company reports completing the Moore Canada integration ahead of schedule and on budget.
The company's gross profit margin stands at approximately 27%, with management maintaining their objective to return to pre-acquisition levels of +30%. Total Net Debt at the end of 2024 is expected to be around $79 million.
Performance was impacted by accelerated plant network consolidation, ERP system integration, exit from low-margin accounts, shifts in project timing for large enterprise clients, and the Canada Post strike at year-end. Final audited results will be announced after market close on March 12, 2025.
Data Communications Management (DCM) ha pubblicato i risultati finanziari preliminari per l'anno fiscale 2024, prevedendo ricavi compresi tra 478-480 milioni di dollari e un EBITDA rettificato di 62-64 milioni di dollari. L'azienda riporta di aver completato l'integrazione di Moore Canada in anticipo rispetto ai tempi previsti e nel rispetto del budget.
Il margine di profitto lordo dell'azienda si attesta a circa 27%, con la direzione che mantiene l'obiettivo di tornare a livelli pre-acquisizione superiori al 30%. Si prevede che il debito netto totale alla fine del 2024 sarà di circa 79 milioni di dollari.
Le performance sono state influenzate dalla rapida consolidazione della rete degli impianti, dall'integrazione del sistema ERP, dall'uscita da conti a basso margine, dai cambiamenti nei tempi dei progetti per grandi clienti aziendali e dallo sciopero di Canada Post a fine anno. I risultati finali auditati saranno annunciati dopo la chiusura del mercato il 12 marzo 2025.
Data Communications Management (DCM) ha publicado resultados financieros preliminares para el año fiscal 2024, proyectando ingresos entre 478-480 millones de dólares y un EBITDA ajustado de 62-64 millones de dólares. La empresa informa que ha completado la integración de Moore Canada antes de lo previsto y dentro del presupuesto.
El margen de beneficio bruto de la empresa se sitúa en aproximadamente 27%, con la dirección manteniendo su objetivo de regresar a niveles previos a la adquisición de más del 30%. Se espera que la deuda neta total a finales de 2024 sea de alrededor de 79 millones de dólares.
El rendimiento se vio afectado por la aceleración de la consolidación de la red de plantas, la integración del sistema ERP, la salida de cuentas de bajo margen, cambios en el calendario de proyectos para grandes clientes empresariales y la huelga de Canada Post a fin de año. Los resultados finales auditados se anunciarán después del cierre del mercado el 12 de marzo de 2025.
데이터 커뮤니케이션 관리 (DCM)은 2024 회계연도에 대한 예비 재무 결과를 발표하며 4억 7천8백만 - 4억 8천만 달러의 수익과 6천2백만 - 6천4백만 달러의 조정 EBITDA를 예상하고 있습니다. 회사는 무어 캐나다 통합을 예정보다 앞서 완료했다고 보고했습니다.
회사의 총 매출 총이익률은 약 27%로, 경영진은 인수 전 수준인 +30%로 돌아가겠다는 목표를 유지하고 있습니다. 2024년 말 총 순부채는 약 7천9백만 달러로 예상됩니다.
성과는 공장 네트워크 통합 가속화, ERP 시스템 통합, 저마진 계좌에서의 퇴출, 대기업 고객을 위한 프로젝트 일정 변경, 연말 캐나다 우편 파업에 의해 영향을 받았습니다. 최종 감사 결과는 2025년 3월 12일 시장 마감 후 발표될 예정입니다.
Data Communications Management (DCM) a publié les résultats financiers préliminaires pour l'exercice 2024, prévoyant des revenus compris entre 478-480 millions de dollars et un EBITDA ajusté de 62-64 millions de dollars. L'entreprise rapporte avoir terminé l'intégration de Moore Canada en avance sur le calendrier et dans le respect du budget.
La marge brute de l'entreprise est d'environ 27%, la direction maintenant son objectif de revenir à des niveaux pré-acquisition de plus de 30%. La dette nette totale à la fin de 2024 devrait être d'environ 79 millions de dollars.
Les performances ont été affectées par la consolidation accélérée du réseau d'usines, l'intégration du système ERP, le retrait des comptes à faible marge, les changements dans le calendrier des projets pour les grands clients d'entreprise et la grève de Canada Post à la fin de l'année. Les résultats finaux audités seront annoncés après la fermeture du marché le 12 mars 2025.
Data Communications Management (DCM) hat vorläufige Finanzergebnisse für das Geschäftsjahr 2024 veröffentlicht, mit einer Umsatzprognose zwischen 478-480 Millionen Dollar und einem bereinigten EBITDA von 62-64 Millionen Dollar. Das Unternehmen berichtet, dass die Integration von Moore Canada vor dem Zeitplan und im Budgetrahmen abgeschlossen wurde.
Die Bruttogewinnmarge des Unternehmens liegt bei etwa 27%, wobei das Management das Ziel verfolgt, zu den Vorakquisitionsniveaus von über 30% zurückzukehren. Die gesamte Nettoverschuldung wird Ende 2024 voraussichtlich bei etwa 79 Millionen Dollar liegen.
Die Leistung wurde durch die beschleunigte Konsolidierung des Werknetzwerks, die Integration des ERP-Systems, den Ausstieg aus margenschwachen Konten, Änderungen im Projektzeitplan für große Unternehmenskunden und den Streik der Canada Post zum Jahresende beeinträchtigt. Die endgültigen geprüften Ergebnisse werden nach Börsenschluss am 12. März 2025 bekannt gegeben.
- Moore Canada integration completed ahead of schedule and on budget
- Adjusted EBITDA projected at $62-64 million
- Revenue projected at $478-480 million
- Gross profit margin at 27%, below target of 30%
- Growth impacted by operational restructuring and client project delays
- Net debt position of $79 million
-
DCM expects to report fiscal 2024 revenue in the range of
$478 $480 million $62 $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
“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 +
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 $480 million -
Gross Profit as a percentage of revenues of approximately
27% -
Adjusted EBITDA in the range of
$62 $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
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
Source: DATA Communications Management Corp.
FAQ
What are DCM's (DCMDF) projected revenue and EBITDA figures for fiscal 2024?
What is DCMDF's current gross profit margin and target?
What factors impacted DCM's (DCMDF) growth in 2024?
What is DCM's (DCMDF) expected total net debt at the end of 2024?
