Dynamic Materials (BOOM) Misses Q4 EPS by 5c
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Dynamic Materials Reports Fourth Quarter and Full-Year Financial Results
March 10, 2016 4:05 PM ESTBOULDER, CO -- (Marketwired) -- 03/10/16 -- Dynamic Materials Corporation (NASDAQ: BOOM)
Fourth-quarter sales of $41.9 million up 6% sequentially from Q3 2015; down 20% versus Q4 2014 DynaEnergetics reports 2% sequential sales increase despite continued oil-price and rig-count declines Non-cash goodwill impairment charge of $11.5 million related to DynaEnergetics business DynaEnergetics records $6.4 million reserve for potential anti-dumping duties; will appeal ruling Fourth quarter after-tax loss from continuing operations was $16.0 million, including $12.9 million in special items* Fourth-quarter adjusted EBITDA* of $3.3 million Year-end net debt reduced to $21.2 million from $27.4 million at end of Q3 2015 NobelClad awarded $6.3... More