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21 March 2023
Data (DCM)-On A Roll Every Thing Is Up
BRAMPTON , ONTARIO—
DATA Communications Management (DCM) has report continued momentum in the fourth quarter of 2022 with revenue up +20.0%, gross profit up +33.0%, compared to the fourth quarter of 2021, respectively. For the year ended December 31, 2022, revenue is up +16.3%, gross profit is up +21.1% and net income is up +792.4% compared to 2021, respectively. Revenue growth has been driven by a combination of expansion revenue with existing clients, and new business wins. Gross margin growth exceeded revenue growth.
Other positive indicators included no restructuring expenses or any other “adjustments” or one-time costs, other than one-time expense of $1.9 million in Q4 for costs related to the planned acquisition of RRD Canada ( Moore), total debt lower by 26%, or -$9.7 million, vs. year end 2021 to $27.3 million.
DCM announced that it has acquired the Canadian operations of R.R. Donnelley & Sons for CDN $123 million. RRD Canada had sales of $250 million in 2022 and has 1,000 employees. The combined company will sales of $500 million in annual sales. DCM intends to finance 100 percent of the purchase price in cash through fully committed credit facilities from a Canadian Chartered Bank. The merged company will become Canada's third largest printer.
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