Dynamic Materials (BOOM) Misses Q2 EPS by 3c

Dynamic Materials (NASDAQ: BOOM) reported Q2 EPS of $0.01, $0.03 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $47.2 million versus the consensus estimate of $44.2 million.

Guidance:

Michael Kuta, CFO, said third quarter sales are expected to increase 25% to 30% versus the $36.6 million reported in the 2016 third quarter. Gross margin is expected to be approximately 30% versus the 23% reported in last year’s third quarter. Third quarter selling, general and administrative expense is expected to total $10.5 million to $11.0 million versus $9.5 million in the same quarter last year. Third quarter amortization expense is expected to be approximately $1.0 million. Kuta said management is maintaining its prior full-year 2017 financial forecast.

For earnings history and earnings-related data on Dynamic Materials (BOOM) click here.

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