Dynamic Materials Corp (BOOM) Tops Q3 EPS by 7c; Boosts FY11 Sales Outlook, Sees Q4 Sales Lower
Dynamic Materials Corp (NASDAQ: BOOM) reported Q3 EPS of $0.32, $0.07 better than the analyst estimate of $0.25. Revenue for the quarter came in at $54.9 million versus the consensus estimate of $52.04 million.
Dynamic elevated its 2011 sales-growth forecast to a range of 31% to 33% versus last year, up fromr prior full-year growth forecast of 28% to 30%.
In light of the sequential explosion-welding backlog decline, fourth quarter sales are expected to drop by approximately 10% versus the third quarter, while fourth quarter gross margin is expected to be approximately 27%.
Dynamic elevated its 2011 sales-growth forecast to a range of 31% to 33% versus last year, up fromr prior full-year growth forecast of 28% to 30%.
In light of the sequential explosion-welding backlog decline, fourth quarter sales are expected to drop by approximately 10% versus the third quarter, while fourth quarter gross margin is expected to be approximately 27%.