Dynamic Materials (BOOM) Misses Q3 EPS by 9c
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Dynamic Materials Reports Third Quarter Financial Results
October 27, 2016 4:07 PM EDTBOULDER, CO -- (Marketwired) -- 10/27/16 -- Dynamic Materials Corporation (NASDAQ: BOOM)
Third quarter sales of $36.6 million down 7% from 2015 third quarter and 12% sequentially DynaEnergetics sales up 8% sequentially (excluding recurring order) on record unit sales of next-generation DynaSelect initiator NobelClad sales impacted by subcontractor shipment delay, decline 36% sequentially Gross margin above forecast at 23% versus 26% in Q3 2015 Third quarter operating loss of $2.4 million includes approximately $373,000 in restructuring charges Net loss of $3.1 million, or $0.22 per diluted share, vs. net loss of $4.2 million, or $0.30 per diluted share, in Q3 2015... More