DMC Global (BOOM) Tops Q2 EPS by 35c

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Go back to DMC Global (BOOM) Tops Q2 EPS by 35c

DMC Global Reports Second Quarter Financial Results

August 4, 2022 4:05 PM EDT

Second quarter sales were $165.8 million, up 20% sequentially and up 153% versus Q2 2021Excluding the acquisition of Arcadia, sales were $89.4 million, up 26% sequentially and up 37% versus Q2 2021Second quarter consolidated gross margin improved to 31% from 27% in Q1 2022 and 26% in Q2 2021Second quarter net income attributable to DMC was $5.6 millionSecond quarter net income per diluted share, inclusive of adjustment for redeemable noncontrolling interest, was $0.20Second quarter adjusted net income attributable to DMC*, inclusive of $7.6 million in non-cash amortization expense for Arcadia purchased intangible assets, was $5.6 million, or $0.29 per diluted shareSecond quarter adjusted EBITDA... More