Business
 Data Communications Management Corp. Announces Preliminary Financial Results for Fiscal 2024
DCM expects to report fiscal 2024 revenue in the range of $478 to $480 million, and Adjusted EBIT...
About this update from Data Communications Management Corp.
[{"type":"text","content":" Data Communications Management Corp. Announces Preliminary Financial Results for Fiscal 2024\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignt { vertical-align: top }\n \n\n\n\n\n DCM expects to report fiscal 2024 revenue in the range of $478 to $480 million, and Adjusted EBITDA\n \n 1\n \n in the range of $62 to $64 million\n \n\n Objective to return gross profit margins to +30% remains on track\n \n\n Final audited financial results to be announced after-market close on March 12, 2025, with a conference call and webcast at 9:00 a.m. EST on Thursday March 13, 2025\n \n\n\n\n\n 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 unaudited preliminary financial results for the fiscal year ended December 31, 2024.\n \n\n “We completed the complex integration of Moore Canada Corporation (“MCC”) on budget and nearly a full year ahead of our original schedule,” said Richard Kellam, President & CEO of DCM. “The actions we took during 2024 to accelerate the consolidation of our plant network, integrate our ERP and back-office systems, and harmonize our offerings to customers required a significant investment of time, resources, and attention by our teams. These actions, along with decisions we made to exit certain low margin accounts, shifts in project timing for some large enterprise clients, and the Canada Post strike at year-end impacted our growth in 2024.”\n \n\n “With the internal focus of the integration behind us and our restructuring complete, we believe we are well positioned to leverage our larger scale, expanded product mix and the skills and capabilities of our team to deliver on our commitment to driving profitable growth, returning to pre-acquisition levels of +30% gross profit margins, and delivering strong free cash flow\n \n 1\n \n going forward,” Kellam added.\n \n\n\n Fiscal 2024 Preliminary Results\n \n\n Ba...