DMC Global (BOOM) Tops Q4 EPS by 20c
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DMC Global Reports Fourth Quarter and Full-Year Financial Results
February 20, 2020 4:05 PM ESTFull-year 2019 sales were a record $397.6 million, up 22% from 2018Fourth quarter sales were $86.4 million, down 14% sequentially and down 4% versus Q4 2018Fourth quarter gross margin was 35% versus 36% in Q3 2019 and 35% in Q4 2018DynaEnergetics completes previously announced exit of Siberian manufacturing facility and consolidates its manufacturing and distribution infrastructureFourth-quarter and full-year restructuring charges were $13.2 million and $19.5 million, respectivelyFourth quarter operating income was $499,000; adjusted operating income* was $13.8 millionFourth quarter net loss was $5.3 million, or $0.36 loss per diluted share, while adjusted net income* was $9.5 million, or $0.65 per diluted shareFourth quarter adjusted EBITDA* was $17.6 millionFull-year 2019... More
