DMC Global (BOOM) Declares $0.125 Quarterly Dividend; 1% Yield

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DMC Global (BOOM) Lowers 4Q Sales Forecast and FY EPS Guidance, Citing 'Year-End Decline in Market Activity'

December 17, 2019 6:09 AM EST

DMC Global Inc. (NASDAQ: BOOM) today announced that fourth quarter 2019 sales are expected in a range of $82 million to $86 million versus a previously forecasted range of $92 million to $97 million. The revision is due to a sharp decline in North American well completion activity and significant pricing pressure affecting DynaEnergetics, DMCs oilfield products business. Fourth quarter sales at DynaEnergetics are expected in a range of $62 million to $64 million versus a previously forecasted range of $72 million to $75 million. Anticipated fourth quarter sales at NobelClad, DMCs composite metals business, remain in the previously forecasted range of $20 million... More