DMC Global (BOOM) Tops Q3 EPS by 18c; Bumps FY EPS Outlook
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DMC Global Reports Record Third Quarter Financial Results
October 25, 2018 4:05 PM EDTThird quarter sales were a record $87.9 million, up 68% from Q3 2017 and 9% sequentiallyDynaEnergetics sales increased 12% sequentially while NobelClads declined 2% sequentially; both businesses exceeded forecasted salesConsolidated gross margin was 34% versus 33% in Q3 2017 and 33% in Q2 2018Net income was $4.9 million, or $0.33 per diluted share; adjusted net income* was $10.0 million, or $0.68 per diluted shareAdjusted EBITDA* of $17.2 million was up 23% sequentially and 100% versus Q3 2017DynaEnergetics resolves 2015 anti-dumping case; will tender one-time $8 million penalty in Q4 2018; penalty fully accrued as of Q3 2018DynaEnergetics successfully defends itself in third consecutive patent infringement action brought by a... More
