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DMC Global Inc (BOOM) delivers specialized technical solutions through its Arcadia Products, NobelClad, and DynaEnergetics divisions, serving energy, industrial, and construction markets worldwide. This news hub provides investors and industry professionals with timely updates on corporate developments, operational milestones, and strategic initiatives.
Access authoritative reporting on earnings announcements, product innovations, and market expansions across all business segments. Our curated collection features press releases detailing manufacturing advancements, acquisition updates impacting global operations, and leadership changes affecting corporate strategy.
Key coverage areas include Arcadia's architectural product launches, NobelClad's industrial material innovations, and DynaEnergetics' energy sector technologies. Bookmark this page for streamlined tracking of BOOM's performance across niche engineering markets, with verified updates that maintain factual accuracy and regulatory compliance.
DMC Global Inc. (Nasdaq: BOOM) reported Q1 2022 sales of $138.7 million, including $68.0 million from its acquisition of Arcadia. Excluding Arcadia, sales were $70.7 million, a 2% decline sequentially but a 27% increase year-over-year. Q1 gross margin improved to 27% from 18% in Q4 2021. The net loss attributable to DMC was $3.3 million, or $0.47 per diluted share. Cash flow used in operations was $4.6 million. For Q2 2022, consolidated sales are projected between $142 million and $152 million.
DMC Global Inc. (Nasdaq: BOOM) will report its 2022 first quarter financial results on May 5, 2022, after market close. Executive management will host a conference call at 5 p.m. ET, accessible at 888-267-2822. A telephonic replay will be available through May 12, 2022, at 877-481-4010. Investors can listen to the conference call live via webcast on DMC’s investor page or the provided link. The company operates a portfolio of businesses in energy and industrial sectors, supporting them with capital and strategic resources for growth.
DMC Global reported its financial results for Q4 and the full year ended December 31, 2021. Fourth quarter sales reached $71.8 million, a 7% increase from Q3 and 26% year-over-year. However, the company experienced a net loss of $2.8 million, resulting in a net loss per diluted share of $0.38. For the full year, sales totaled $260.1 million, representing a 14% growth compared to 2020. The company reported an adjusted net income of $2.9 million or $0.16 per diluted share, despite facing challenges in gross margins and increased expenses.
DMC Global (Nasdaq: BOOM) reported Q4 2021 sales of $71.8 million, representing a 7% sequential increase and a 26% rise year-over-year. The quarterly gross margin declined to 18% from 25% in Q3 2021. A net loss of $2.8 million was recorded, equating to a loss of $0.38 per diluted share. Adjusted EBITDA for the quarter was $2.8 million. For the full year, sales reached $260.1 million, up 14% from 2020, while the net loss attributable to DMC was $202,000. The company provided optimistic guidance for Q1 2022, forecasting consolidated sales between $125 million and $135 million.
DMC Global Inc. (Nasdaq: BOOM) will release its 2021 fourth quarter financial results on February 24, 2022, after market close. Following this, a conference call hosted by executive management will take place at 5 p.m. Eastern. Investors can join the call by dialing 888-506-0062 (international: 973-528-0011) with the code 317421. A replay of the call will be available until March 10, 2022. The event can also be accessed via a webcast on DMC's investor website.
DMC Global (Nasdaq: BOOM) has successfully acquired a 60% controlling interest in Arcadia Inc. for $282.5 million in cash and stock. The total transaction value is $469.6 million, including a three-year option for acquiring the remaining 40%. This acquisition is part of DMC's strategy to diversify its portfolio with industry-leading businesses.
With this move, DMC aims to enhance its market position, leveraging Arcadia's strong offerings in architectural building products, while continuing to pursue growth in its existing operations.
DMC Global Inc. (Nasdaq: BOOM) has acquired a 60% controlling interest in Arcadia Inc. for $282.5 million, enhancing its addressable market in the $4.5 billion architectural products sector. The acquisition will double DMC's consolidated annual sales to nearly $500 million, with pro forma adjusted EBITDA expected at $53.7 million. Financing includes $262 million in cash and $20.5 million in stock, backed by a $150 million credit facility. This strategic move aims to solidify DMC's position outside the cyclical energy and industrial markets, with closing anticipated by year-end 2021.
DMC Global reported Q3 2021 sales of $67.2 million, reflecting a 3% sequential increase and 22% year-over-year growth. However, gross margin dropped to 25% from 26% in Q2 2021. Net income was $403,000, or $0.02 per diluted share, down from $1.0 million last year. Adjusted EBITDA fell to $5.8 million, compared to $7.5 million in Q2. DynaEnergetics saw a 19% increase in unit sales but faced supply chain challenges. For Q4, sales are projected between $68 million and $74 million, with DynaEnergetics expected to lead in growth.
DynaEnergetics, a subsidiary of DMC Global (Nasdaq: BOOM), will implement a 5% price increase on all products effective November 22, 2021. The decision follows a previously announced but postponed price hike aimed at supporting customers amid a competitive market. President Ian Grieves attributed the increase to rising labor and material costs and the expected phase-out of the CARES Act. He emphasized the efficiency of their integrated perforating systems, which help minimize inventory and labor at wellsites.
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