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Globe and Mail
22-05-2025
- Business
- Globe and Mail
DATA Communications Management Corp. Report of Voting Results Annual Meeting of Shareholders Held on May 22, 2025
DATA Communications Management Corp. (' DCM ' or the ' Corporation ') (TSX: DCM; OTCQX: DCMDF) today announced that the annual meeting (the ' Meeting ') of shareholders of the Corporation was held on May 22, 2025 in Toronto, Ontario. Twenty-nine shareholders holding a total of 30,838,490 common shares of the Corporation (' Common Shares ') were represented at the Meeting in person or by proxy, representing approximately 55.76% of the total votes attached to all issued and outstanding Common Shares as of April 4, 2025, the record date for the Meeting. Appointment of Auditors The resolution to appoint PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Corporation, to hold office until the next annual meeting of shareholders of the Corporation or until their successors are appointed and to authorize the directors to fix the auditors' remuneration, was adopted on a vote by show of hands by a majority of the votes cast by the shareholders present in person or represented by proxy at the Meeting. The votes cast by shareholders present in person or represented by proxy at the Meeting for the appointment of the auditors were as follows: Election of Directors All eight directors proposed for election at the Meeting were elected on a vote by ballot. The votes cast by shareholders present in person or represented by proxy at the Meeting for the election of directors were as follows: Votes For Votes Withheld # % # % Richard C. Kellam 30,680,855 99.80% 61,000 0.20% Gregory J. Cochrane 30,571,923 99.45% 169,932 0.55% Merri L. Jones 29,129,077 94.75% 1,612,848 5.25% James J. Murray 30,675,244 99.78% 66,611 0.22% Michael G. Sifton 30,585,553 99.49% 156,302 0.51% J.R. Kingsley Ward 30,718,274 99.92% 23,581 0.08% Derek J. Watchorn 30,677,477 99.79% 64,378 0.21% Alison Simpson 30,724,124 99.94% 17,731 0.06% 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
National Post
12-05-2025
- Business
- National Post
DATA Communications Management Corp. Reports Q1 2025 Financial Results
Article content Article content Net income was $5.1 million in the quarter vs. $1.5 million in Q1 2024 Adjusted net income 1 was $5.2 million compared to $4.9 million in Q1 2024 Revenues were $123.7 million in the first quarter vs. $129.3 million in Q1 2024 Gross profit as a percentage of revenues was 29.3% compared to 28.9% in Q1 2024 Adjusted EBITDA 1 represented 15.0% of revenue vs. 14.4% in Q1 2024 Adjusted EBITDA was $18.6 million vs. $18.7 million in Q1 2024 No restructuring or one-time charges incurred in the quarter Special dividend of $0.20 per common share paid in Q1 2025 Regular quarterly dividend of $0.025 per common share commenced in April 2025 Article content BRAMPTON, Ontario — 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. Article content '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. Article content '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. Article content DCM continues to be guided by four strategic priorities for 2025: Article content 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. Article content 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: Article content 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. Article content DCM's 2024 Sustainability Report is available on the Company's website. Article content 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. Article content Mr. Kellam and James Lorimer, CFO, will present the first quarter 2025 results followed by a live Q&A. Article content 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. Article content 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. Article content 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+. Article content TABLE 1 The following table sets out selected historical consolidated financial information for the periods noted. Article content For the three-months ended March 31, 2025, December 31, 2024 and March 31, 2024 (in thousands of Canadian dollars, except share and per share amounts, unaudited) March 31, 2025 December 31, 2024 March 31, 2024 Revenues $ 123,675 $ 116,225 $ 129,254 Gross profit 36,260 30,413 37,311 Gross profit, as a percentage of revenues 29.3 % 26.2 % 28.9 % Selling, general and administrative and research and development expenses 23,459 20,732 24,135 As a percentage of revenues 19.0 % 17.8 % 18.7 % Adjusted EBITDA 18,588 15,788 18,665 As a percentage of revenues 15.0 % 13.6 % 14.4 % Net income for the period 5,114 699 1,475 Adjusted net income 5,203 2,574 4,903 As a percentage of revenues 4.2 % 2.2 % 3.8 % Basic earnings per share $ 0.09 $ 0.01 $ 0.03 Diluted earnings per share $ 0.09 $ 0.01 $ 0.02 Adjusted net income per share, basic $ 0.09 $ 0.05 $ 0.09 Adjusted net income per share, diluted $ 0.09 $ 0.04 $ 0.08 Weighted average number of common shares outstanding, basic 55,308,951 55,308,951 55,022,883 Weighted average number of common shares outstanding, diluted 57,337,772 57,481,819 59,051,883 Article content TABLE 2 The following table provides reconciliations of net income to EBITDA and of net income to Adjusted EBITDA for the periods noted. Article content 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. Article content Adjusted net income reconciliation Article content About DATA Communications Management Corp. Article content 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. Article content 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 Article content 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. Article content 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. Article content 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. Article content 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+. Article content 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. Article content 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 Article content Condensed interim consolidated statements of financial position (in thousands of Canadian dollars, unaudited) March 31, 2025 December 31, 2024 $ $ Assets Current assets Cash and cash equivalents $ 7,284 $ 6,773 Trade receivables 108,453 103,445 Inventories 25,241 23,843 Prepaid expenses and other current assets 6,448 5,989 Income taxes receivable 2,761 3,432 150,187 143,482 Non-current assets Other non-current assets 2,538 9,104 Deferred income tax assets 9,200 8,224 Property, plant, and equipment 34,591 34,812 Right-of-use assets 167,769 162,510 Pension assets 3,520 3,142 Intangible assets 7,905 8,282 Goodwill 22,747 22,747 $ 398,457 $ 392,303 Liabilities Current liabilities Bank overdraft $ — $ 880 Trade payables and accrued liabilities 57,019 59,890 Dividend payable 1,383 — Current portion of credit facilities 8,714 15,175 Current portion of lease liabilities 12,120 10,525 Provisions 4,624 8,016 Deferred revenue 3,988 6,199 87,848 100,685 Non-current liabilities Provisions 669 1,279 Credit facilities 88,471 68,515 Lease liabilities 165,092 158,603 Deferred income tax liabilities 27 60 Pension obligations 19,134 18,354 Other post-employment benefit plans 1,344 1,409 Asset retirement obligation 3,466 3,438 $ 366,051 $ 352,343 Equity Shareholders' equity Shares $ 284,592 $ 284,592 Warrants 219 219 Contributed surplus 3,148 3,078 Translation Reserve 302 307 Deficit (255,855 ) (248,236 ) $ 32,406 $ 39,960 $ 398,457 $ 392,303 Article content Condensed interim consolidated statements of operations (in thousands of Canadian dollars, except per share amounts, unaudited) For the three months ended March 31, 2025 For the three months ended March 31, 2024 $ $ Revenues $ 123,675 $ 129,254 Cost of revenues 87,415 91,943 Gross profit 36,260 37,311 Expenses Selling, commissions and expenses 10,960 10,864 General and administration expenses 12,499 13,271 Research and development expenses 1,120 1,247 Restructuring expenses — 1,085 Acquisition and integration costs — 283 Net fair value losses on financial liabilities at fair value through profit or loss 119 3,214 24,698 29,964 Income before finance costs and income taxes 11,562 7,347 Finance costs Interest expense on long term debt and pensions, net 1,871 2,498 Interest expense on lease liabilities 3,277 3,055 Amortization of transaction costs 140 140 5,288 5,693 Income before income taxes 6,274 1,654 Income tax expense Current 2,071 1,342 Deferred (911 ) (1,163 ) 1,160 179 Net income for the period $ 5,114 $ 1,475 Other comprehensive income: Items that may be reclassified subsequently to net income Foreign currency translation (5 ) 30 (5 ) 30 Items that will not be reclassified to net income Re-measurements of pension and other post-employment benefit obligations (385 ) 7,013 Taxes related to pension and other post-employment benefit adjustment above 98 (1,842 ) (287 ) 5,171 Other comprehensive (loss) income for the period, net of tax $ (292 ) $ 5,201 Comprehensive income for the period $ 4,822 $ 6,676 Basic earnings per share 0.09 0.03 Diluted earnings per share 0.09 0.02 Article content 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 Article content Article content Article content Article content Article content Contacts Article content Mr. Richard Kellam President and Chief Executive Officer DATA Communications Management Corp. Tel: (905) 791-3151 Article content Article content
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
National Post
01-05-2025
- Business
- National Post
Data Communications Management Corp. Announces Publication of Company's 2024 Sustainability Report
Article content BRAMPTON, Ontario — 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 announced the publication of the Company's second annual corporate Sustainability Report for the 2024 calendar year. Article content 'It has been just six months since we released our inaugural sustainability report and committed to begin formally reporting our progress on an annual basis,' said Richard Kellam, President & CEO of DCM. 'We are following through on that commitment with the publication of this second annual report with updates on our actions during 2024 to mitigate the impact of our facilities on our planet, improve the quality of life for our people and society at large and hold ourselves to rigorous – and transparent – standards.' Article content Below are selected highlights of the 2024 Sustainability Report across DCM's three sustainability pillars – environment, social and governance: Article content Reduced our Scope 1 and Scope 2 greenhouse gas emissions by 33.3% from 2020-2024 Completed the planting of two million trees since 2021 through our partnership with PrintReleaf 1 Advanced our long-term relationship with the Sustainable Green Printing Partnership Formally signaled DCM's support for the UN Global Compact sustainability initiative Article content 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. Article content Certain statements in this press release and DCM's 2024 Sustainability Report (the 'Associated Report') 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. Forward-looking statements in this press release and Associated Report include, but are not limited to, statements regarding DCM's approach to managing sustainability matters, and DCM's sustainability-related objectives, vision, commitments, goals, metrics, and targets, including DCM's greenhouse gas emissions reduction targets. Article content When used in this press release and Associated Report, 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 and Associated Report. Article content 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. With respect to DCM's environment, social and governance 'ESG' and sustainability-related goals, such factors include, but are not limited to, the absence of standardized methodologies for classifying sustainability-related terms (including in their meaning and scope), the absence of standardized methodologies for classifying sustainability-related activities or for evaluating their impact, and the availability of comprehensive and high-quality data (including climate-related data, diversity metrics, social indicators, and data from third-parties on whom DCM may be required to rely for information). We caution readers of this press release and Associated Report 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. Article content 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 and Associated Report 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. Article content DCM also cautions readers of the following regarding the sustainability-related disclosures included in this press release and Associated Report: Article content The terms 'ESG' and 'sustainability' and similar terms, taxonomies, methodologies, criteria and standards are evolving in terms of both meaning and scope. DCM's use of such terms may vary over time to reflect this evolution. Any use of such terms in this press release and Associated Report are intended as references to DCM's internally defined criteria and not to any jurisdiction-specific regulatory definitions or voluntary standard that may exist. Article content There could be changes to the market practices, taxonomies, methodologies, criteria and standards that regulators, non-governmental bodies, civil society, DCM and its suppliers and clients use to classify, measure, determine the eligibility of, report on and verify environmental and social activities for inclusion toward DCM's sustainability-related goals, or to evaluate the impacts of such activities. DCM may update its sustainability-related goals, its progress towards those goals, and the eligibility of certain activities, as appropriate, in light of new and evolving market practices, taxonomies, methodologies, criteria, and standards. Article content In making and implementing its sustainability-related goals, DCM must rely on data obtained from third-party sources. DCM's use of third-party data must not be taken as an endorsement of the third-party or its data or be construed as granting any form of intellectual property. Although DCM believes these sources are reliable, DCM has not independently verified any third-party data or assessed the assumptions underlying such data and cannot guarantee the accuracy of such third-party data or assumptions. The data used by DCM in connection with its sustainability-related goals may be limited in quality, unavailable, or inconsistent. Certain third-party data may also change over time as market practices, taxonomies, methodologies, criteria and standards evolve. These factors and related uncertainties could have a material effect on DCM's sustainability-related goals and DCM's ability to meet them. Article content DCM may need to or elect to purchase carbon and clean energy instruments, including carbon offset and removal credits and renewable energy credits, to meet sustainability-related goals. The market for these instruments is still developing and their availability may be limited. Some of these instruments are also subject to the risk of invalidation or reversal, and DCM provides no assurance of the treatment of any such instruments in the future. There may also be changes to applicable regulations and standards that impact the market for carbon and clean energy instruments. The maturity, liquidity and economics of this market may make it more difficult for DCM to achieve its sustainability-related goals. Article content The information contained in this press release and Associated Report is unaudited and was not subject to any assurance engagement. Article content This press release and Associated Report is intended to provide information from a different perspective and in more detail than is required by DCM to be included in mandatory securities filings. The information contained in this press release and Associated Report should not be read as necessarily rising to a level of materiality of disclosure required in DCM's securities law filings, and the use of terms such as 'important', 'significant', or similar words and phrases should also not be read as necessarily rising to the level of materiality for securities or other regulatory filings. Article content This press release and Associated Report should not be used as a basis for trading in securities of DCM or for any other investment decision. This press release and Associated Report is not intended to constitute financial, legal, tax, investment, professional or expert advice. No representation or warranty, express or implied, is or will be made in relation to the accuracy, reliability or completeness of the information contained in this press release and Associated Report. Article content This press release and Associated Report may provide addresses of, or contain hyperlinks to, websites that are not owned or controlled by DCM. Each such address or hyperlink is provided solely for convenience and the content of linked third-party websites is not in any way included or incorporated by reference into this press release and Associated Report. DCM takes no responsibility for such websites or their content, or for any loss or damage that may arise from their use. If you decide to access any of the third-party websites linked to in this press release and Associated Report, you do so at your own risk and subject to the terms and conditions of such websites. Article content Article content Article content Article content Article content Contacts Article content For further information, contact Article content Mr. Richard Kellam President and Chief Executive Officer DATA Communications Management Corp. Tel: (905) 791-3151 Article content Article content Article content
National Post
29-04-2025
- Business
- National Post
DATA Communications Management Corp. to Announce First Quarter 2025 Results on May 12, 2025
Article content BRAMPTON, Ontario — 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, will announce its First Quarter 2025 results the evening of Monday, May 12, 2025. Article content Article content The Company will host a conference call and webcast on Tuesday, May 13, 2025 at 9:00 a.m. EST. Richard Kellam, President and CEO of DCM, and James Lorimer, CFO, will present the results followed by a live Q&A. Article content 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. Article content 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. Article content 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. Article content Article content Article content Article content Contacts Article content For further information, contact Article content Mr. Richard Kellam President and Chief Executive Officer DATA Communications Management Corp. Tel: (905) 791-3151 Article content Article content
