Form 8-K DYNAMIC MATERIALS CORP For: Mar 16

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Go back to Form 8-K DYNAMIC MATERIALS CORP For: Mar 16

Dynamic Materials (BOOM) Misses Q4 EPS by 12c; Guides for Lower Sales in 2015

March 16, 2015 4:10 PM EDT

Dynamic Materials (NASDAQ: BOOM) reported Q4 EPS of $0.06, $0.12 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $52 million versus the consensus estimate of $51.8 million.

Guidance Michael Kuta, chief financial officer, said due to the expected downturn in capital spending by the exploration and production industry, coupled with soft demand from the industrial processing markets and negative foreign currency translations, management is anticipating that consolidated sales for fiscal 2015 will be down 8% to 12% versus the $202.6 million reported in 2014. Full-year gross margin is expected to be in a... More