Welcome to our dedicated page for Dmc Global news (Ticker: BOOM), a resource for investors and traders seeking the latest updates and insights on Dmc Global stock.
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 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.
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.
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