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20 March 2024
Data Reports Record Sales and Declining Debt for 2023
BRAMPTON—
Data Communications Management(DCM) has reported its 2023 year results. This is the first year that includes it acquisition of RR Donnelly Canada ( Moore Canada) . The numbers include Revenues of $447.7 million were up +63.5%, or +$173.9 million vs. 2022. Gross profit of $118.9 million increased +41.2%. Adjusted EBITDA¹ was $53.4 million for the full year, an increase of +30.3% vs. the prior year.Total credit facilities outstanding at year-end
of $101.9 million, down approximately -30.0% since the MCC acquisition.Net debt, after deducting a $16.1 million cash balance (net of bank overdraft), was $84.2 million, down -39.0% since that time. DCM has became the third largest printer in Canada with sales of over $400 million. DCM will now have 15 plants across Canada including B.C., Alberta, Saskatchewan, Manitoba, Ontario and Quebec.
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