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13 August 2024
DCM Turns In Another Good Quarter
BRAMPTON—
Data Communications Management (DCM) has continued to have another good quarter. Hight lights of their second quarter includes Revenues of $125.8 million were up +5.7%, or +$6.8 million vs. 2023. Gross profit of $34.3 million increased +7.2% or $2.3 million. Gross profit as a percentage of revenues improved to 27.3%, vs. 26.9% in Q2 2023,
Net income was $4.1 million compared to a net loss of $2.9 million last year; Adjusted net income was $4.0 million vs. $3.8 million last year. Net debt at the end of Q2 2024 was $75.1 million, down -48.3% or -$70.2 million since the closing of the RR Donnelly acquisition. The Company ended the quarter with a net debt to trailing 12 months Adjusted EBITDA (net of lease payments) ratio of 1.7x. DCM become the third largest printer in Canada behind Transcontinental and VistaPrint. DCM has sales of over $500 million. DCM has 15 plants across Canada including B.C., Alberta, Saskatchewan, Manitoba, Ontario and Quebec.
Has been consolidating its purchase of RR Donnelly Canada .
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DCM is in the process of closing 4 plants, most old Moore locations.
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