Dynamic Materials (BOOM) Posts Q2 Loss of $0.50/Share

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Go back to Dynamic Materials (BOOM) Posts Q2 Loss of $0.50/Share

Dynamic Materials Reports Second Quarter Financial Results

July 28, 2016 4:06 PM EDT

BOULDER, CO -- (Marketwired) -- 07/28/16 -- Dynamic Materials Corporation (DMC) (NASDAQ: BOOM)

Second quarter sales of $41.3 million down 8% from 2015 second quarter Gross margin of 24% versus 28% in Q2 2015 Second quarter operating loss of $822,000 includes approximately $830,000 in restructuring charges SG&A of $8.9 million reduced from $10.5 million in Q2 2015 Net loss of $766,000, or $0.05 per diluted share, versus net loss of $1.3 million, or $0.10 per diluted share, in Q2 2015 Adjusted EBITDA* of $3.3 million versus $4.4 million in Q2 2015 Net debt of $14.1 million down 33% from December 31, 2015, and 21% sequentially

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