DMC Global (BOOM) PT Raised to $49 at Sidoti
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DMC Global Reports Record Fourth Quarter Financial Results
February 21, 2019 4:06 PM ESTFourth quarter sales were a record $90.3 million, up 3% sequentially and 66% versus Q4 2017DynaEnergetics reported a sequential sales decline of 5% versus a forecasted decline of 5% to 10%NobelClad reported a sequential sales increase of 25%, versus a forecasted increase of 2%Gross margin was 35% versus 34% in Q3 2018 and 33% in Q4 2017Operating income was $13.1 million; adjusted operating income* was $13.6 millionNet income was $15.3 million, or $1.02 per diluted share, while adjusted net income* was $7.0 million, or $0.46 per diluted... More
