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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) announced a proposed underwritten public offering of 2,500,000 shares of its common stock. The company may grant underwriters a 30-day option to purchase additional shares, up to 15% of the offering size. The shares will be sold by DMC Global and are offered under an automatic shelf registration statement filed with the SEC. KeyBanc Capital Markets is the sole book-running manager, with several co-managers. The offering is subject to market conditions, and the actual terms and completion time are uncertain.
DMC Global Inc. (Nasdaq: BOOM) reported Q1 2021 sales of $55.7 million, a 3% decline sequentially and 24% drop year-over-year. Gross margin improved to 23% from 21% in Q4 2020, but down from 33% in Q1 2020. Net income stood at $432,000, or $0.03 per diluted share, significantly lower than $4.2 million in Q1 2020. Adjusted EBITDA was $4.0 million, up from $3.6 million last quarter. Cash and marketable securities rose to $66.8 million as of March 31, 2021. Guidance for Q2 sales is projected between $67 million and $72 million.
DMC Global Inc. (Nasdaq: BOOM) plans to announce its 2021 first quarter financial results after market close on April 22, 2021. The company will host a conference call at 5 p.m. Eastern, available via telephone and online webcast. Investors can replay the call until April 29. DMC Global is a diversified holding company focused on providing innovative products and services in niche markets, with a portfolio including DynaEnergetics and NobelClad.
DMC Global has released its Annual Letter to Stakeholders from President and CEO Kevin Longe, detailing the company's strategic initiatives and market positioning. The letter emphasizes DMC's commitment to supporting its portfolio companies, DynaEnergetics and NobelClad, in the energy, industrial processing, and transportation sectors. DMC aims to foster local innovation and long-term growth through strategic support and acquisitions. The letter is accessible online, providing insights into DMC's operations and future goals.
DMC Global, trading under the symbol BOOM, reported fourth quarter sales of $57.1 million, showing a 3% increase sequentially but a 34% decrease year-over-year. The net loss for the fourth quarter was $927,000, translating to $0.06 per diluted share. Full-year sales dropped 42% to $229.2 million compared to 2019. Adjusted EBITDA for Q4 was $3.6 million, down from $17.6 million in Q4 2019. The company's cash position improved to $53.9 million, bolstered by an equity program. Guidance for Q1 2021 anticipates sales between $55 million and $62 million.
DynaEnergetics, a part of DMC Global, announced a 5% global price increase on all products effective March 30, 2021. This decision comes as the oil and gas industry recovers from a downturn, with DynaEnergetics noting increased activity among customers. The company emphasizes its commitment to enhancing safety, efficiency, and reliability through its perforating products. In line with this, continuous investments are being made in new technologies to maintain competitiveness in a changing market.
DMC Global Inc. (Nasdaq: BOOM) is set to announce its 2020 fourth quarter financial results on February 18, 2021, after market close. Following the earnings release, a conference call will be held at 5 p.m. Eastern, accessible via phone or live webcast. Shareholders can dial 888-506-0062 for participation and access the webcast through their website. A replay of the call will be available for listeners until February 25, 2021. DMC Global is a diversified holding company focused on providing innovative products and services to niche industrial markets.
DynaEnergetics, a business of DMC Global (Nasdaq: BOOM), has launched two new perforating systems: DS Gravity and DS LoneStar. These systems cater to the increasing demand for compact, oriented perforating solutions in unconventional oil and gas well completions. The DS Gravity features a self-orienting mechanism and compact design, while the DS LoneStar offers a powerful single-shot charge for enhanced penetration. Both systems promise improved efficiency and safety, enhancing well productivity and lowering operational costs.
DMC Global Inc. (Nasdaq: BOOM) reported Q3 2020 consolidated sales of $55.3 million, a 28% sequential increase but a 45% decrease from Q3 2019. Gross margin improved to 25% from 15% in Q2 2020, but down from 36% year-over-year. Net income was $1.0 million ($0.07 per diluted share), significantly lower than $6.9 million in Q3 2019. Adjusted EBITDA was $6.0 million, contrasting with negative $1.8 million in Q2 2020. The company ended the quarter with $24.6 million in cash and $12.6 million net cash. Future guidance predicts Q4 sales between $50 million and $55 million.
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