DATA Communications Management Corp. reports news on its Canadian print and digital communications business, including customized printing, personalized marketing communications, campaign management, digital signage, digital asset management and operations workflow services. Company updates commonly cover quarterly and annual results, revenue trends, margin initiatives, free cash flow, debt reduction and client demand across large corporate and government accounts.
DCM news also includes capital-return actions such as quarterly dividends and common share repurchases, executive equity compensation activity, and digital strategy updates tied to platforms such as contentcloud.ai.
DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) held its annual shareholders meeting on May 23, 2024, in Toronto, Ontario. Representing 66.05% of the total votes, 29 shareholders with 36,489,348 shares participated. PricewaterhouseCoopers LLP was appointed as auditors with 100% approval.
All eight directors proposed for election were successfully elected. The votes for the directors ranged from 87.18% to 99.93% in favor, highlighting broad shareholder support.
DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) will hold its annual meeting of shareholders on May 23, 2024, at 11:00 a.m. (Eastern Time) in Toronto. The meeting will take place at 60 Adelaide Street East, Suite 1000, and will be followed by a Q&A session hosted by CEO Richard Kellam and CFO James Lorimer. Shareholders can also join via a Microsoft Teams webcast, although they must vote in advance through a proxy or voting instruction form. Detailed voting instructions are included in the company's management information circular available on www.sedarplus.ca and the company's website.
Data Communications Management Corp. (DCM) reported strong first-quarter 2024 financial results.
Revenues surged by 69.9% to $129.3 million compared to Q1 2023. Gross profit increased by 57.9% to $37.3 million, although gross margin as a percentage of revenues slightly decreased to 28.9% from 31.1%. SG&A expenses rose to $25.4 million, primarily due to a one-time consulting project.
Adjusted EBITDA reached $18.7 million, up 46.2%, representing 14.4% of revenues. Net income stood at $1.5 million, a significant improvement from a net loss of $2.4 million last year. Adjusted net income was $4.9 million, down from $5.9 million.
Net debt decreased by 46.1% to $78.3 million. The company is focused on post-acquisition integration of Moore Canada (MCC), targeting annualized synergies of $30 to $35 million.
Data Communications Management Corp (DCM) will announce its First Quarter 2024 results on May 13, 2024. The Company will host a conference call on May 14, 2024. Richard Kellam, President, and CEO, and James Lorimer, CFO, will present the results. Instructions to join the webcast and call are provided. Full results will be available on the Investor Relations page and www.sedarplus.ca.
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