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DMC Global Inc. reports recurring developments across an asset-light manufacturing portfolio serving construction, energy and industrial infrastructure markets. The company’s updates commonly cover consolidated results, cash flow, debt reduction, order activity and end-market conditions affecting its three operating businesses: Arcadia, DynaEnergetics and NobelClad.
Arcadia supplies architectural building products for commercial construction, DynaEnergetics provides energy products used in oil and gas well completion activity, and NobelClad produces explosion-welded clad metal plates and related solutions for industrial infrastructure and transportation applications. News also includes earnings-call schedules, segment performance, backlog commentary, raw-material and tariff pressures, and board-level governance changes.
DMC Global Inc. (Nasdaq: BOOM) announced the retirement of Chief Financial Officer Michael Kuta, effective March 2023. Kuta has been with the company for over eight years, contributing significantly to its transformation, including restructuring global businesses and modernizing manufacturing infrastructure. The company is actively searching for his successor with the assistance of an executive recruiting firm. Kuta expressed pride in his achievements and commitment to a smooth transition.
DMC Global reported impressive Q2 2022 results with sales of $165.8 million, a 20% sequential increase and 153% year-over-year growth. Excluding Arcadia, sales rose to $89.4 million. Gross margin improved to 31%, and net income attributable to DMC was $5.6 million, translating to $0.20 per diluted share. Adjusted EBITDA reached $22.4 million, marking a 113% sequential rise. However, cash and equivalents decreased to $11.8 million. Guidance for Q3 2022 expects sales between $155 million and $163 million.
DMC Global Inc. (Nasdaq: BOOM) will announce its 2022 second quarter financial results on August 4, 2022, after market close. A conference call will follow at 5 p.m. Eastern, accessible via phone and webcast. A replay of the call will be available until August 11, 2022. DMC Global operates in niche segments across energy and industrial infrastructure sectors, focusing on supporting well-managed businesses for growth. Its current portfolio includes Arcadia Inc., DynaEnergetics, and NobelClad, aiming to enhance competitive positions and expand market reach.
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.
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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.