Yellow Pages Ltd T.Y

Alternate Symbol(s): YLWDF

Communication Services

Yellow Pages Limited is a Canadian digital media and marketing company. The Company offers targeted tools to local businesses, national brands and consumers, allowing them to interact and transact within the digital economy. It offers small and medium-sized enterprises (SMEs) across Canada full-serve access to a comprehensive suite of digital and traditional marketing solutions, such as online and mobile priority placement on its digital media properties, content syndication, search engine solutions, Website fulfillment, social media campaign management, digital display advertising, video production, e-commerce solutions, as well as print advertising. Its media properties, primarily desktop, mobile and print, continue to serve as effective marketplaces for Canadian local merchants, brands and consumers. The Company holds local online properties, including YP.ca, Canada411 and 411.ca. It also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories.

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Yellow Pages Ltd > Strong Third Quarter 2021 Financial and Operating Results

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Post by Betteryear2on Nov 12, 2021 7:50am

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Post# 34118507

Strong Third Quarter 2021 Financial and Operating Results

MONTREAL, Nov. 12, 2021 /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 nine months ended September 30, 2021.

"We are very pleased with our third quarter results, which reflect our continuing progress toward revenue stability," said David A. Eckert, President and CEO of Yellow Pages Limited.

Eckert commented on the key developments:

Significant progress toward revenue stability. "For the fourth consecutive quarter since
COVID-19 hit, we report a favorable 'bending of the revenue curve' in Q3, with a markedly better rate of change in revenue than reported for the previous quarter."
Promising trends in bookings. "The trends in our bookings continue to be quite strong, as we continue our march toward revenue stability."
Investments in revenue initiatives. "We continue to make progress on executing on our programs to expand our tele-sales force and to add to our strong product portfolio."
Strong quarterly earnings. "Our Adjusted EBITDA1 for the quarter was a very strong 37.5% of revenue, despite the COVID-19 crisis and our continued investments in revenue initiatives."
Healthy and growing cash balance. "Our consistently strong cash generation has grown cash on hand to approximately $113 million as of the end of October."
Pension plan funding on track. "Consistent with our previously announced deficit-reduction plan, year-to-date we have made $2.3 million of voluntary incremental payments toward our Defined Benefit Pension Plan's wind-up deficit."
Quarterly dividend2 declared. "Our Board has declared a dividend of $0.15 per common share, to be paid on December 15, 2021 to shareholders of record as of November 26, 2021."
Continuing common stock NCIB. "Under our current NCIB program commenced
August 10, 2021, at the end of the third quarter the Company had purchased 28,357 common shares for cash of $0.4 million."