Adjusted EBITDA Margins Increase
Adjusted EBITDA margin improved slightly to 11.7% from 11.6% a year ago, despite a slight decline in EBITDA value to $12.3 million from $12.6 million.
Successful Digital Platform Launches
Launched AI-powered contentcloud digital asset management solution and gained early market success. Also advanced the CCM360 platform, which was named on the Aspire leaderboard.
Net Debt Reduction
Net debt decreased from $87.5 million to $80.6 million, with an improvement in net debt to EBITDA ratio to 1.87x.
Dividend Announcement
Declared a quarterly dividend of $0.025 per share and a special dividend earlier in the year, resulting in an annualized dividend yield of 7.5%.
Strong M&A Pipeline
Continued focus on M&A with a robust pipeline, well-capitalized with over $40 million in total credit available.