22 November 2023
Data(DCM) Reduces Debt By $30 million
BRAMPTON, ONTARIO—
The merger with RR Donnelly Canada so far has gone well.
The merger with RR Donnelly Canada so far has gone well.
 DATA Communications Management (DCM) reported its third quarter 2023 financial results. This is the second quarterly report including Moore Canada (RR Donnelley Canada). Highlights include: revenue up +93.6% vs. Q3 2022 to $122.7 million, gross profit up +52.4% vs. Q3 2022 to $30.3 million, total net debt of $95.4 million at quarter-end, down 32% since the April close of the MCC acquisition. DCM raises guidance on expected merger synergies of $30-$35 million over the next 18-24 months.
DCM announced the closing of 3 former Moore Canada plants .
DCM announced the closing of 3 former Moore Canada plants .
Richard Kellam, Chief Executive Officer, and President of DCM said ““The combined business delivered solid performance building value with existing customers, securing new client wins and optimizing strategic revenue opportunities.Our post-merger initiatives are progressing ahead of plan and given our success to date driving savings and efficiency improvements, we are revising our guidance for expected total annualized synergies to a range between $30 and $35 million over the next 18 to 24 months, from a previous range of $25 to $30 million." With the purchase of R.R. Donnelly Canada in April, DCM has become the third largest printer in Canada behind Transcontinental and VistaPrint. 
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