DMC Global (BOOM) Tops Q2 EPS by 31c
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DMC Global Reports Second Quarter Financial Results
August 8, 2023 4:05 PM EDTRecord Sales and Earnings reflect healthy demand and improved operating efficiencies at all DMC businesses
Second quarter sales increase to $188.7 million, up 2% sequentially and 14% vs. Q2 2022Consolidated gross margin improves to 33% from 28% in prior quarter and 31% in Q2 2022Net income was $17.5 million, while net income attributable to DMC was $13.7 millionAdjusted net income attributable to DMC* was $14.1 million, or $0.72 per diluted shareAdjusted EBITDA attributable to DMC* was a record $31.8 million, up 58% sequentially and 42% vs. Q2 2022Total adjusted... More