Dye & Durham announces its financial results for the third quarter of 2022

  • Strong financial performance, despite the challenges facing the real estate market
  • EBITDA growth rate of 78% to 66.8 million dollars and revenue growth of 78% to $122.9 million

TorontoAnd 12 May 2022 / CNW/ – Dye & Durham Limited (“Durham Dye“or the”company(TSX: DND), a leading provider of cloud-based technology and software solutions designed to improve efficiency and increase productivity for legal and business professionals, today announced its financial results for the three months ending. March 31, 2022.

“Our quarter was very strong, despite challenging real estate market conditions,” he said. Matt ProudDye & Durham, CEO. “We are investing heavily in our technology platform to continue delivering improved value to our customers.”

Highlights

  • Revenues $122.9 millionincrease b $54.0 millionor 78%, from the same period in the previous year, mainly due to increased revenue from acquisitions that closed in the prior twelve months and revenue synergies.
  • net income (7.0) million dollarsincrease b $3.6 million from the same period in the previous year. This increase is mainly due to the increase in operating income as a result of the increase in revenues.
  • Adjusted EBITDA1 from 66.8 million dollarsincrease b $29.2 million or 78% from the same period in the previous year, mainly due to revenue synergies from acquisitions.

Provisioning update

Australian courts this week agreed to hold a Link Group shareholder meeting (plan meeting) to vote on the proposed acquisition of Link Group by Dye & Durham via the arrangement scheme. Link Group also sent its shareholders this week the brochure of the plan meeting. The plan meeting is currently scheduled for mid-July with the target deal closing in mid-August this year.

Quarterly dividends

employment 12 May 2022the Board of Directors announced a quarterly dividend from 0.01875 dollars per share of registered shareholders in June 10, 2022pay in June 17, 2022.

Conference call notification

The company will hold a conference call to discuss its business later today, Thursday 12 May 2022at 5:00 p.m. Eastern time Hosted by senior management. A company update question and answer session will follow.

Conference call details

Date:

Thursday 12 May 2022

the time:

5:00 p.m. Eastern time

contact number:

(416) 764-8659 or (888) 664-6392

reference number:

90670854

Replay tape:

(416) 764-8677 or (888) 390-0541

redo code:

670854#

This call is broadcast over the web and can be accessed by going to:

https://produceredition.webcasts.com/starthere.jsp?ei=1545990&tp_key=d938d75235

1 It is a non-IFRS measure. For relevant definitions, see the “Non-IFRS Financial Actions” section of this press release. Management believes that non-IFRS-compliant measures, including revised EBITDA and EBITDA, provide supplementary information to the IFRS standards used in evaluating business performance.

Please see management’s most recent discussions and analysis of the Company, available in the Company’s profile at www.sedar.com, to align these procedures with their closest IFRS metric, the information of which is incorporated by reference here. Management believes that non-IFRS-compliant measures, including revised EBITDA and EBITDA, provide supplementary information to the IFRS standards used in evaluating business performance.

About Dye & Durham

Dye & Durham Limited is a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. Dye & Durham provides critical information services and workflows, which customers use to manage operations, information and organizational requirements. The company operates in CanadaThe United kingdomAnd Ireland And Australia It has a strong client base that includes law firms, financial services institutions, and government organizations.

Additional information can be found at www.dyedurham.com.

Measures other than IFRS

This press release refers to certain non-IFRS measures. These measures are not recognized under IFRS, do not have a uniform meaning defined by IFRS, and are therefore not likely to be comparable with similar measures offered by other companies.

Instead, these measures are provided as additional information to complement those IFRS by providing further understanding of the company’s results of operations from a management perspective and by discussing Dye & Durham’s financial outlook. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of Dye & Durham’s financial information reported under IFRS. The Company uses non-IFRS measures including: ‘EBITDA’ and ‘EBITDA’ adjusted ‘EBITDA’.

EBITDA

EBITDA stands for net income (loss) before amortization and depreciation expenses, financing costs and interest, and the provision for income taxes.

Adjusted EBITDA

Adjusted EBITDA adjusts EBITDA for stock-based compensation expense, asset impairment charges, loan and borrowing settlement losses, gain or loss from changes in the fair value of derivative financial instruments and contingent liabilities measured at fair value from During profit or loss, specific transaction related expenses related to acquisitions, IPOs, capital structure reorganizations, operating restructuring costs and restructuring costs include the impact on the full year of consolidation of costs related to downsizing in connection with acquisitions.

forward-looking statements

This press release contains forward-looking information and forward-looking statements (collectively, “forward-looking information”) within the meaning of applicable securities legislation, that reflect the Company’s current expectations regarding future events. In particular, information regarding the Company’s expectations of future results, performance, expectations or the markets in which we operate is forward-looking information. In some cases, forward-looking information may be identified through the use of forward-looking terms such as “foresee,” “objective,” “objective,” “may,” “may,” “will,” “expect,” “expect,” “estimate,” or “intends,” “plans,” “indicates,” “seeks,” “believes,” “anticipates,” “potential,” or the negativity of these or other similar expressions intended to identify forward-looking statements. In addition, any statements indicating expectations, intentions, expectations or other prescriptions for future events or conditions contain forward-looking information. Statements that contain forward-looking information are not historical facts but instead represent management’s expectations, estimates and expectations regarding future events or conditions. Such forward-looking information is necessarily based on a number of opinions, estimates and assumptions, including without limitation those assumptions described under “Warning about Forward-Looking Information” in the Company’s management discussion and analysis for the quarter ended March 31, 2022 (“MD&A”). The forward-looking information is subject and entirely qualified by known and unknown risks, uncertainties, assumptions and other factors that could cause actual results or performance to differ materially from those expressed or implied by such forward-looking information, including but not limited to factors which are discussed under the heading “Risk Factors” in the company’s dated annual information form September 28, 2021 and under MD&A’s “Risk and Uncertainty,” which is available in the company’s profile on SEDAR at www.sedar.com. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events may differ materially from those projected in the forward-looking information. Accordingly, investors should not place undue reliance on forward-looking information, which only speaks as of the stated date. The forward-looking information contained in this press release represents the company’s expectations as of the date of this news release, and is subject to change after such date and the company disclaims any intention, obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise. it, except as required by applicable securities laws.

SOURCE Dye & Durham Limited

For more information: For investor inquiries, please contact: Ross Marshall, LodeRock Advisors Inc. [email protected]416.526.1563

2022-05-12 20:30:00

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