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14 May 2024
DCM (Data) Starts 2024 Off With A Bang
BRAMPTON , ONTARIO—
DCM summary of first quarter results include: Revenues of $129.3 million were up +69.9%, or +$76.1 million vs. Q1 2023, Gross profit of $37.3 million increased +57.9% or $13.7 million, Gross profit of 28.9%, a sequential improvement that shows progress towards goal of returning our gross margin to the +30% range. Net debt at the end of Q1 2024 was $78.3 million, down -$66.9 million
or -46.1% since the closing of the MCC acquisition. DCM commitment to paying down debt remains a key priority.With the purchase of R.R. Donnelly Canada in April 2023, 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.
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