DynaEnergetics Announces Tariff Surcharge

Rhea-AI Summary

DynaEnergetics, a division of DMC Global Inc. (Nasdaq: BOOM), has announced the implementation of a tariff surcharge ranging from 7% to 9% on all perforating systems sold in North America, effective April 5, 2025.

The surcharge will apply to their product line including DS Infinity™ 2.0, DS Gravity™ 2.0 and DS NLine™ 2.0 perforating systems, as well as all other systems and components used in North America's onshore oil and gas industry. This measure is a direct response to increased raw material costs resulting from U.S. tariffs. The company states this surcharge approach was chosen to maintain pricing transparency, with detailed implementation information to be communicated through sales representatives.

Positive

• Proactive cost management through surcharge implementation
• Transparent pricing strategy maintained
• Complete product line pricing adjustment shows consistent approach

Negative

• 7-9% price increase may impact sales and competitiveness
• Higher costs passed to customers could affect demand
• Increased raw material costs affecting margins

HOUSTON, March 04, 2025 (GLOBE NEWSWIRE) -- DynaEnergetics, a business of DMC Global Inc. (Nasdaq: BOOM), today announced it will institute a tariff surcharge ranging from 7% to 9% on all perforating systems sold in North America, effective April 5, 2025. The surcharge is being implemented in response to higher raw material costs resulting from U.S. tariffs announced to date. The surcharge will be applied to DynaEnergetics’ DS Infinity™ 2.0, DS Gravity™ 2.0 and DS NLine™ 2.0 perforating systems, as well as all other systems and components utilized by North America’s onshore oil and gas industry.

DynaEnergetics said its decision to address tariff-related cost increases by way of a surcharge is intended to maintain transparency in its pricing. Customers will receive detailed implementation information through their DynaEnergetics sales representatives.

About DynaEnergetics
DynaEnergetics, a business of DMC Global Inc., provides innovative perforating systems that make a measurable impact on well productivity, completion cost and safety. As the only global perforating manufacturer that designs, manufactures and qualifies all of its equipment and accessories in-house, DynaEnergetics ensures unmatched performance and the lowest total cost of operations. For more information, visit www.dynaenergetics.com.

CONTACT:
Ian Grieves
President
DynaEnergetics
+49.2241.1236.770
ian.grieves@dynaenergetics.com

INVESTOR CONTACT:
Geoff High
Vice President of Investor Relations
303-604-3924

FAQ

What is the percentage range of DynaEnergetics' new tariff surcharge for BOOM stock?

DynaEnergetics will implement a 7% to 9% tariff surcharge on North American perforating systems.

When will DynaEnergetics (BOOM) implement the new tariff surcharge?

The tariff surcharge will take effect on April 5, 2025.

Which DynaEnergetics products will be affected by the 2025 tariff surcharge?

The surcharge affects DS Infinity™ 2.0, DS Gravity™ 2.0, DS NLine™ 2.0, and all other perforating systems and components for North American onshore oil and gas industry.

Why is DynaEnergetics (BOOM) implementing a tariff surcharge in 2025?

The surcharge is being implemented to address higher raw material costs resulting from U.S. tariffs.