Dynamic Materials Corp (BOOM) Tops Q3 EPS by 5c; Lowers FY12 Outlook
Dynamic Materials Corp (NASDAQ: BOOM) reported Q3 EPS of $0.28, $0.05 better than the analyst estimate of $0.23. Revenue for the quarter came in at $50.1 million versus the consensus estimate of $50.32 million.
Management has adjusted the Company's 2012 top-line forecast, which now anticipates a sales decline of 3% to 4% versus 2011 sales of $209 million. Prior guidance predicted 2012 sales would be flat versus last year. Full-year gross margin guidance remains at 29% to 30%, and the Company's expected blended effective tax rate also is unchanged at 30% to 32%.
For the fourth quarter, sales should improve sequentially from the third quarter, but are expected to be 3% to 5% below 2011 fourth quarter sales of $54.3 million. Gross margin is expected to improve to approximately 29% from 27% in the fourth quarter last year.
Management has adjusted the Company's 2012 top-line forecast, which now anticipates a sales decline of 3% to 4% versus 2011 sales of $209 million. Prior guidance predicted 2012 sales would be flat versus last year. Full-year gross margin guidance remains at 29% to 30%, and the Company's expected blended effective tax rate also is unchanged at 30% to 32%.
For the fourth quarter, sales should improve sequentially from the third quarter, but are expected to be 3% to 5% below 2011 fourth quarter sales of $54.3 million. Gross margin is expected to improve to approximately 29% from 27% in the fourth quarter last year.
For earnings history and earnings-related data on Dynamic Materials Corp (BOOM) click here.