10:00 AM EST, 11/12/2024 (MT Newswires) -- Yellow Pages (Y.TO) on Tuesday reported lower third-quarter earnings, though it improved operating cash flow and maintained its quarterly dividend.

Third-quarter adjusted diluted earnings per share fell to $0.46, compared with $0.56 in the same quarter last year.

Quarterly revenue fell 9.4% to $52.6 million from $58.1 million a year earlier. The Montreal-based digital media and marketing company declared a quarterly dividend of $0.25 per share, payable on Dec. 16 to shareholders of record on Nov. 27.

Adjusted profits before interest, taxes, depreciation, amortization, or ebitda for the quarter ended Sept. 30 dropped to $12.5 million from $17.9 million in the same time the previous year. The adjusted ebitda margin fell to 23.8% from 30.9% due to reduced revenues and sales force investments.

Lower client count and expenditure per customer drove 8.7% lower digital sales to $42.6 million. Yellow Pages reported a 12% drop in print sales to $10 million.

Due to fewer stock-based compensation payments and trade receivables shifting, operational cash flow increased to $11.5 million from $10.3 million the year before, Yellow Pages said.

Price: 10.39, Change: -0.05, Percent Change: -0.48