Dmc Global Inc Stock Price, News & Analysis

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.

DMC Global Inc. (Nasdaq: BOOM) will release its third quarter 2021 financial results after market close on October 21, 2021. Management will host a conference call at 5 p.m. Eastern Time, accessible via phone and webcast. Investors can also access the webcast on the company's investor page. A replay of the call will be available through November 4, 2021. DMC Global is a diversified holding company focused on supporting innovative businesses in niche industrial markets, aiming for long-term growth and competitive positioning.

DMC Global reported Q2 2021 sales of $65.4 million, marking an 18% sequential increase and a 51% year-over-year rise. Gross margin improved to 26%, while net income reached $1.7 million or $0.10 per diluted share. Adjusted EBITDA rose to $7.5 million, with a significant jump from negative $1.8 million in Q2 2020. Cash and marketable securities stood at $181.3 million, up substantially from $53.9 million at the end of 2020. The company anticipates Q3 sales between $70 million and $73 million.

DMC Global Inc. (Nasdaq: BOOM) will release its 2021 second quarter financial results on July 22, 2021, post-market hours. A subsequent conference call is scheduled for 5 p.m. Eastern, where executives will discuss the results. The call is available for participants via phone or through a simultaneous webcast accessible on the company's investor page. A replay of the call and webcast will be available for later listening. DMC Global focuses on providing innovative products and services across industrial markets.

DMC Global Inc. (Nasdaq: BOOM) announced the retirement of Yvon Cariou from its Board of Directors after over two decades of service. Cariou, who served as president and CEO from 2000 to 2013, did not seek reelection at the recent stockholders' meeting. CEO Kevin Longe expressed gratitude for Cariou's contributions. In preparation for this transition, Ruth Dreessen was appointed as an independent director in October 2020. DMC continues to focus on supporting businesses within its diversified portfolio, including DynaEnergetics and NobelClad, targeting niche markets globally.

DMC Global announced the successful closing of its public offering of 2,875,000 shares of common stock, raising approximately $123.5 million in net proceeds. The offering included 2,500,000 initial shares and an additional 375,000 shares purchased by underwriters. The funds are intended for general corporate purposes, potentially including acquisitions. KeyBanc Capital Markets served as the sole book-running manager for the offering, filed under an automatic shelf registration with the SEC.

DMC Global announced the pricing of an underwritten public offering of 2,500,000 shares of common stock at $45.00 per share, aiming for gross proceeds of approximately $112.5 million. An additional option for underwriters to purchase 375,000 shares exists. The offering is scheduled to close on May 7, 2021, pending customary conditions. Proceeds will be utilized for general corporate purposes, possibly including acquisitions. The shares are offered under an automatic shelf registration statement filed with the SEC.