DMC Global (BOOM) Misses Q2 EPS by 16c

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Go back to DMC Global (BOOM) Misses Q2 EPS by 16c

DMC Global Reports Second Quarter Financial Results

July 23, 2020 4:05 PM EDT

Consolidated second quarter sales were $43.2 million, down 41% sequentially and down 61% from Q2 2019, as a collapse in oil and gas demand and well-completion activity drove a sharp sales decline at DynaEnergeticsGross margin was 15%, down from 33% in Q1 2020 and 38% in Q2 2019Operating loss was $8.0 million versus operating income of $24.7 million in Q2 2019Net loss was $5.6 million, or $0.38 per diluted share; while adjusted net loss* was $4.4 million, or $0.29 per diluted shareAdjusted EBITDA* was negative $1.8 million versus positive $11.3 million in Q1 2020 and positive $29.0 million in Q2 2019Net cash* (cash and cash equivalents less total... More