Three-month period ended June 30, 2022, an improvement from the decrease of 7.8% reported last quarter.Īdjusted EBITDA less CAPEX totalled $22.6 million and the EBITDA less CAPEX margin was 32.4%. Total revenues decreased 6.7% year-over-year and amounted to $69.6 million for the "Our Board has approved the use of discretionary cash of $100 million to buy back the Company's shares and also advance $24 million of planned voluntary contributions to the Defined Benefit Pension Plan (the "Pension Plan") by the end of the year, as part of a plan of arrangement." This completed our NCIB program, which resulted in the Company purchasing a cumulative total of 1,122,511 common shares for cash of $16.0 million."Ĭash to Shareholders and to Pension Plan. "Under our current NCIB program, commencedĪugust 10, 2021, the Company purchased 423,099 common shares for cash of $6.1 million during Q2, 2022. Quarterly dividend declared. "Our Board has declared a dividend of $0.15 per common share, to be paid on Septemto shareholders of record as of August 25, 2022."Ĭompleted common stock NCIB. Pension plan funding on track. "Consistent with our previously announced deficit-reduction plan, in the second quarter of 2022 alone we made $1 million of voluntary incremental payments toward our Defined Benefit Pension Plan's wind-up deficit." "Our steadily strong cash generation has grown cash on hand to approximately $135 million as of the end of July." "Our Adjusted EBITDA 2 for the quarter was 34.2% of revenue, even higher than last year's second quarter, despite our continued, productive investments in revenue initiatives and evolving product mix."Įver-growing cash balance. "As we have said frequently, we continue to see increasingly favorable trends in our bookings, which are the leading indicator of our future reported revenue."
"For the seventh consecutive quarter since COVID-19 hit, and the twelfth of the last fourteen quarters overall, we report a favorable 'bending of the revenue curve' in Q2, with a better rate of change in revenue than reported for the previous quarter."Ĭontinued favorable trends in bookings.
Eckert, President and CEO of Yellow Pages Limited.Įckert commented on the key developments:Īpproaching revenue stability. "Today we report another significant step in our steady march toward revenue stability, while maintaining superior profitability, and we announce a plan to distribute cash of $100 million to our shareholders and $24 million into our defined benefit pension plan," said David A. 5, 2022 /CNW Telbec/ - Yellow Pages Limited (TSX: Y) (the "Company"), a leading Canadian digital media and marketing company, released its operating and financial results today for the quarter and six months ended Jand made several announcements relating to its use of cash. Our online platform, Wiley Online Library () is one of the world’s most extensive multidisciplinary collections of online resources, covering life, health, social and physical sciences, and humanities.MONTREAL, Aug. With a growing open access offering, Wiley is committed to the widest possible dissemination of and access to the content we publish and supports all sustainable models of access. Wiley has partnerships with many of the world’s leading societies and publishes over 1,500 peer-reviewed journals and 1,500+ new books annually in print and online, as well as databases, major reference works and laboratory protocols in STMS subjects. Wiley has published the works of more than 450 Nobel laureates in all categories: Literature, Economics, Physiology or Medicine, Physics, Chemistry, and Peace. has been a valued source of information and understanding for more than 200 years, helping people around the world meet their needs and fulfill their aspirations.
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