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Business Wire
12-05-2025
- Business
- Business Wire
DATA Communications Management Corp. Reports Q1 2025 Financial Results
BRAMPTON, Ontario--(BUSINESS WIRE)--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 reported first quarter 2025 financial results. MANAGEMENT COMMENTARY 'We delivered first quarter results in line with our expectations, highlighted by adjusted EBITDA of 15.0% of revenues, and gross profit of 29.3% of revenues, marking continued progress towards our objective of returning to pre-acquisition levels of margin performance,' said Richard Kellam, President & CEO of DCM. 'Revenues in the quarter were down 4.3% year over year but grew 6.4% sequentially compared to Q4 2024. First quarter revenues were primarily impacted by the order activity of a few large enterprise clients. We are encouraged about the success of our business development activities across our base of more than 400 enterprise clients which we expect to contribute to revenue in the second half of 2025 along with a return to modest year over year growth. 'Much of our attention in the first quarter focused on preparing for the expected introduction of cross-border tariffs and the impact on our supply chain, raw material pricing and client orders. We have developed contingency plans including identifying alternative sources of supply for several raw materials. We continue to closely monitor the uncertain economic and geopolitical environment while navigating challenging conditions in our end markets including a potential Canada Post strike,' added Kellam. DCM continues to be guided by four strategic priorities for 2025: Drive profitable organic growth Deliver a return on our new capital investments focused on enhancing our efficiency Continue to drive gross margin improvement through top line revenue growth and operating efficiencies Demonstrate agility and adaptability to effectively navigate an uncertain environment. OTHER BUSINESS HIGHLIGHTS Sustainability Reporting In May 2025, DCM published its second annual corporate Sustainability Report, for the 2024 calendar year. Highlights of the Company's 2024 report include: a reduction in our Scope 1 and Scope 2 greenhouse gas emissions by 33.3% from 2020 to 2024 the planting of two million trees since 2021 through our partnership with PrintReleaf advanced our long-term relationship with the Sustainable Green Printing Partnership formally signaled DCM's support for the UN Global Compact sustainability initiative. DCM's 2024 Sustainability Report is available on the Company's website. Dividend Declaration On May 12, 2025, DCM's board of directors declared a second quarterly dividend of $0.025 per common share, payable on June 30, 2025, to shareholders of record at the close of business on June 16, 2025. This dividend is designated as an 'eligible' dividend for the purpose of the Income Tax Act (Canada) and any similar provincial legislation. Q1 2025 EARNINGS CALL DETAILS The Company will host a conference call and webcast on Tuesday, May 13, 2025 at 9:00 a.m. EDT Mr. Kellam and James Lorimer, CFO, will present the first quarter 2025 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. Footnotes: 1 Adjusted EBITDA, Adjusted EBITDA as a percentage of revenues, Adjusted net income (loss), Adjusted net income (loss) as percentage of revenues, Net Debt to Adjusted EBITDA and Free cash flow 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, see the information under the heading 'Non-IFRS Accounting Standards Measures', the information set forth on Table 2 and Table 3 herein, and our most recent Management Discussion & Analysis filed on SEDAR+. TABLE 1 The following table sets out selected historical consolidated financial information for the periods noted. TABLE 2 The following table provides reconciliations of net income to EBITDA and of net income to Adjusted EBITDA for the periods noted. EBITDA and Adjusted EBITDA reconciliation TABLE 3 The following table provides reconciliations of net income (loss) to Adjusted net income and a presentation of Adjusted net income per share for the periods noted. Adjusted net income reconciliation 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 DATA Communications Management Corp. is available on and in the disclosure documents filed by DATA Communications Management Corp. on SEDAR+ at 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: industry conditions are influenced by numerous factors over which the Company has no control, including: declines in print consumption; labour disruptions at suppliers and customers, including Canada Post; 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, increases in the cost of our input costs, 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 Condensed interim consolidated statements of cash flows (in thousands of Canadian dollars, unaudited) For the three months ended March 31, 2025 For the three months ended March 31, 2024 $ $ Cash provided by Operating activities Net income for the period $ 5,114 $ 1,475 Items not affecting cash Depreciation of property, plant, and equipment 1,722 1,523 Amortization of intangible assets 383 728 Depreciation of right-of-use-assets 4,802 4,485 Share-based compensation expense 70 211 Net fair value losses on financial liabilities at fair value through profit or loss 119 3,214 Pension expense 372 472 Gain on disposal of property, plant, and equipment — (22 ) Gain on disposal of sale and leaseback — (11 ) Provisions — 1,085 Amortization of transaction costs 140 140 Accretion of asset retirement obligations 28 31 Other post-employment benefit plans expense 43 149 Income tax expense 1,160 179 Changes in non cash working capital (12,263 ) (6,560 ) Contributions made to pension plans (355 ) (319 ) Contributions made to other post-employment benefit plans (108 ) (51 ) Provisions paid (4,002 ) (4,105 ) Income taxes (paid) received (1,400 ) 50 Total cash (used in) generated from operating activities (4,175 ) 2,674 Investing activities Proceeds on sale and leaseback transaction 6,694 8,661 Purchase of property, plant, and equipment (1,489 ) (2,766 ) Purchase of non-current assets (143 ) — Proceeds on disposal of property, plant, and equipment — 535 Total cash provided by investing activities 5,062 6,430 Financing activities Proceeds from credit facilities 32,232 21,000 Repayment of credit facilities (18,873 ) (24,893 ) Decrease in bank overdrafts (880 ) (1,365 ) Transaction costs (4 ) — Dividends paid (11,063 ) — Principal portion of lease payments (1,775 ) (1,675 ) Total cash (used in) financing activities (363 ) (6,933 ) Change in cash and cash equivalents during the period 524 2,171 Cash and cash equivalents – beginning of period 6,773 17,652 Effects of foreign exchange on cash balances (13 ) 19 Cash and cash equivalents – end of period $ 7,284 $ 19,842 Expand
Sydney Morning Herald
08-05-2025
- Business
- Sydney Morning Herald
Star chef Shannon Kellam proves there's life after Montrachet
Shannon Kellam is smiling. It's a relief. The celebrated chef has been through more than most these past 12 months. Yet, standing at the pass at Herve's Restaurant, dressed in a crisp blue RM Williams shirt, hand outstretched, he looks fresh and relaxed. It was just 10 months ago that Kellam relinquished control of Montrachet, which he took from Brisbane favourite to one of Australia's best-regarded French restaurants. Little more than a month before that, his mini-fiefdom of food businesses that operated under the BCN Events Group – including King Street Bakery in Bowen Hills, and Mica Brasserie and The Kneadery production kitchen in Newstead – had gone into liquidation. It was harrowing both for Kellam and the Brisbane food and drink industry, with one of the city's best chefs removed from the board. A combination of Covid and the 2022 floods had ultimately made the odds insurmountable for Kellam's venues. Still, if it could happen to him, the local thinking went, it could happen to anyone.
The Age
08-05-2025
- Business
- The Age
Star chef Shannon Kellam proves there's life after Montrachet
Shannon Kellam is smiling. It's a relief. The celebrated chef has been through more than most these past 12 months. Yet, standing at the pass at Herve's Restaurant, dressed in a crisp blue RM Williams shirt, hand outstretched, he looks fresh and relaxed. It was just 10 months ago that Kellam relinquished control of Montrachet, which he took from Brisbane favourite to one of Australia's best-regarded French restaurants. Little more than a month before that, his mini-fiefdom of food businesses that operated under the BCN Events Group – including King Street Bakery in Bowen Hills, and Mica Brasserie and The Kneadery production kitchen in Newstead – had gone into liquidation. It was harrowing both for Kellam and the Brisbane food and drink industry, with one of the city's best chefs removed from the board. A combination of Covid and the 2022 floods had ultimately made the odds insurmountable for Kellam's venues. Still, if it could happen to him, the local thinking went, it could happen to anyone.
France 24
07-05-2025
- Politics
- France 24
Web archivists scrambling to save US public data from deletion
Resources on AIDS prevention and care, weather records, references to ethnic or gender minorities: numerous databases were destroyed or modified after Trump signed an executive order in January declaring diversity, equality and inclusion programs and policies within the federal governmentto be illegal. More than 3,000 pages from the Centers for Disease Control and Prevention site were taken down and more than 1,000 from the Justice Department's website, Paul Schroeder, president of the Council of Professional Associations on Federal Statistics, told AFP. 404 error Some websites have disappeared altogether, such as that of the US development agency USAID, which has been effectively shuttered as Trump slashes US aid to poor countries. And the National Children's Health Survey page displays a "404 error" message. Federal agencies must now avoid hundreds of words such as "woman," "disability," "racism", "climate crisis" and "pollution" in their communications, the New York Times reported. "The focus has been on removing language related to environmental (or) climate justice on websites, as well as removing data and tools related to environmental (or) climate justice," Eric Nost, a geographer at Canada's University of Guelph and member of the Environmental Data and Governance Initiative (EDGI) told AFP. "This Trump administration moved more quickly and with a greater scope than the previous Trump administration," he said. EDGI, a consortium of academics and volunteers, began safeguarding public climate and environmental data after Trump's first election in 2016. Among the tools used are the WayBack Machine from the non-profit Internet Archive, or developed by the Library Innovation Lab at Harvard Law School. These systems, which long predate Trump's election, help "courts and law journals preserve the web pages they cite to," said Jack Cushman, director of the Library Innovation Lab. Long used by journalists, researchers and NGOs, web archiving enables a page to be preserved, even if it were to disappear from the internet or be modified later. This data is then stored on servers in a large digital library, allowing anyone to consult it freely. Volunteer work Archiving initiatives have multiplied, expanded and coordinated since Trump's return to the White House. The Data Rescue Project (DRP) brought together several organizations to save as much data as possible. "We were concerned about data being deleted. We wanted to try to see what we could do to rescue them," Lynda Kellam, a university librarian and DRP organizer, told AFP. She first launched the project as an online Google doc in February -- a simple word-processing tool listing downloaded PDF files, original dataset titles and archived links. It is now maintained by volunteers "who are working after work" to keep it running, said Kellam. "We are all volunteers, even myself. We have other jobs so that has been challenging," Kellam added. The data collection work, largely carried out by associations and university libraries, is threatened by a lack of resources. "Funding is the key issue... as the library and archives community rushes to take on a larger preservation challenges than ever before," Cushman said. "We need to fund coordinators for the ongoing effort, new tools, and new homes for the data." Harvard is also battling the ire of the Trump administration, which has cut federal grants to the prestigious university and threatened its tax-exempt status after it refused to comply with the president's demands to accept government oversight. "Data is the modern lighthouse, helping us plan our lives: it shows where we are so we can plan where we're going," Cushman said. "Businesses, individuals, and governments will suffer greatly from any failure to collect and share reliable data on weather and climate, health, justice, housing, employment, and so on."
France 24
29-04-2025
- Politics
- France 24
First 100 days: The race to save digital records from the Trump administration
It only took a few days for things to start going missing on US government websites once Trump began his second term. In a blizzard of change, federal agencies have struggled to comply with the barrage of executive orders signed by Trump since Day 1. Environmental policies have been rolled back, entire government departments and bureaus dismantled, and decades-long diversity, equity and inclusion (DEI) initiatives were abruptly ended. Thousands of websites have disappeared or been modified as a consequence. Scientific articles, the precious results of long-term research, data sets and digital tools have been deleted. Trump's executive order that falsely claims there are only two genders is now reflected on the Centers for Disease Control and Prevention (CDC) website. Pages that previously referred to "pregnant people", for example, now refer to "pregnant women". The first nationwide database tracking federal police misconduct has been impossible to access since late February. And tools tracking climate risks and environmental justice concerns have been scrubbed. Hundreds of employees of the National Oceanic and Atmospheric Administration (NOAA) were fired, and looming funding cuts could eviscerate what many consider the world's most advanced climate modeling and forecasting systems. But just as quickly as government data falls victim to Trump's policies, digital archivists, scientists, researchers and citizens swiftly salvage it from the digital grave. The race to save data from oblivion 'When it all began, [I worked] every morning and every night,' says Lynda Kellam, a data librarian and organiser with the Data Rescue Project, a platform that coordinates efforts between different projects saving public government data. 'I used to be able to step away from my computer on the weekend, but now it has been a lot harder not to use the evenings to just check in and see what's happening,' Kellam admits. Though it is difficult to predict when the next chunk of government data will be flagged as doomed to disappear, prompting Kellam to jump in with hundreds of other volunteers to save it from oblivion, specific topics are more vulnerable than others. 'Direct targets include data with sexual orientation and gender identification variables,' Kellam explains. Federal agencies have flagged hundreds of words to limit or avoid, which news outlets like the New York Times and free expression non-profits like PEN America compiled into long lists. Some research or data sets have been scrapped simply because they used words like 'transgender'. In some cases, photos were flagged for removal simply because their file name included 'gay' – like an image of the Enola Gay aircraft that dropped the first atomic bomb on Hiroshima. The White House later responded and said it did not have a list of banned words. 12:54 This is not the first time Kellam has participated in efforts to rescue digital data under Trump. She worked with a group called Data Refuge in 2017, but says the scope of deletions is on an unprecedented scale this time around. 'There were data rescue efforts [back then] but the data wasn't disappearing,' Kellam explains. '[And] the focus was on environmental and climate change data. Now it's a whole breadth of government data, it's a much wider net, especially when it comes to what I call 'social' data, meaning data that involves humans and that doesn't fit within the ideology of the administration.' 'We definitely haven't seen anything like the pace that we are seeing data disappear now,' she adds. The Data Rescue Project is just one of many organisations engaged in activities to save government resources from oblivion. Other non-profits like the Internet Archive and its Wayback Machine, a tool that captures screenshots of web pages and caches government data, are also playing an essential role. And data rescue efforts are even taking place beyond US borders. An international effort 'It was clear things were going to happen [and they] would be much worse than the first presidency when Trump won the election in November,' says Henrik Schoenemann, a digital historian at Humboldt University in Berlin. He started Safeguarding Research & Culture, an independent organisation that archives public data, five days before Trump was inaugurated on January 20. Schoenemann put out a call on decentralized social media platforms like Mastodon asking if researchers needed their data to be hosted or backed up elsewhere than on US institutional or agency websites. Along with a colleague, he started archiving research papers they knew would be targeted by the Trump administration, like articles using LGBTQ terminology like 'non-binary' or 'transgender'. Then, they quickly moved on to bigger fish. 'Just a few days before the CDC went offline, we archived the whole website and its data sets,' Schoenemann said. 'We started out by proactively thinking about what kind of data would be in danger.' Before data is archived, the organisation either receives a request or picks up on a specific area that is at risk of disappearing – after an executive order is signed by Trump, for example. Volunteers then download data sets or archive websites that could be taken down and back the information up on hard drives. The data is then added to a public catalogue online where the information is shared using a torrent system – a safer way to transfer files online. 'It's not just happening to health or climate data, it's happening to cultural heritage, too,' explains Schoenemann. Trump issued an executive order on March 27 directing Vice President JD Vance to 'remove improper ideology' from the Smithsonian Institution, including its celebrated museums, research centres and the National Zoo. 'The US is a major hub for research infrastructure, a lot of which is in danger right now,' Schoenemann says. 'Having one big institution taking care of [data] infrastructures is a model that doesn't work anymore.' A 'historical precedent' Data experts say it is too early to tell the exact percentage of what has been taken down since Trump took office. But looking back at the kind of content that has been deleted in the first 100 days of his presidency draws a clear picture of the agenda the Trump administration is pursuing. 'The intent behind the deletions is either based on ideological differences or it is about so-called efficiency,' says Kellam. The vast overhaul of US government agencies was spearheaded by Tesla CEO Elon Musk and his self-described Department of Government Efficiency, known as DOGE. Within weeks of Trump taking office, the department dissolved USAID – the country's main foreign aid organisation. It also tried to shut down the Consumer Financial Protection Bureau, a watchdog agency that protects US citizens from bank malpractice. And now the Department of Education is at risk of being dismantled. 'I think the intention is to control how people think or feel, but also demonise others,' says Schoenemann. 'There is a historical precedent for autocratic regimes changing what they want people to know, or changing reality according to their point of view … The end goal is controlling the population.' He cites the Berlin Institute of Sexual Science, founded in 1919, as an example. 'There is a reason why transgender studies seem so recent,' he says. The institute could have been a bedrock for trans research were its library not set on fire by the Nazi party on May 10, 1933. It lies just a three-minute walk from where Schoenemann works. 'People have already tried to erase research [in the past]. We want to make sure that won't happen again.' How data shape policies When it comes to climate and environmental data, scientists are worried that efforts to gather new data will fall by the wayside. The NOAA announced mid-April that a list of datasets on ocean monitoring will go dark in early May. And an observatory in Hawaii that has been tracking atmospheric greenhouse gases since 1958 is on a list of facilities whose leases may be cancelled following mass cuts by Trump. 'By removing access to information, the Trump administration is able to tell whatever narrative they want about the quality of their policies,' says Jessie Mahr, the technology director at the Environmental Policy Innovation Center. Mahr is part of a project that archives hundreds of sets of environmental data and is simultaneously trying to recreate tools needed to make sense of that data. The Public Environmental Data Project also do advocacy work to raise people's awareness on the importance of the data being deleted. Before the Trump administration removed access to a screening tool on the Environmental Protection Agency's website that mapped environmental hazards in different areas across the US, 'people could check whether the drinking water in their neighbourhood was safe, what the flood risks were but also see if there was sewage in the area', Mahr explains. 'By removing access to [this data], you are not only making it hard for the public to understand, but also for governments to take action and prioritise where they should be investing to improve livelihoods,' she says. Public governmental data also allows communities to use numbers and statistics to bolster their complaints about environmental hazards like pollution. State and federal agencies can then confirm 'how bad things are and direct resources to address the issue', Mahr says. 'That's what actually sparks change.' But for now, there is no sign of the Trump administration letting up. The digital archivists, researchers, scientists and everyday citizens banding together to save the data that is threatened will have to keep up the effort. Schoenemann believes there is a lot to be learned from what is taking place in the US at the moment. 'In Europe, we need to think about how we can prevent the need for rescue operations too,' he says. 'We can't save people, but at least we can save data.'
