DMC Global posts record Q1 sales of $184.3M, adjusted EPS $0.32; NobelClad backlog at 10-year high

DMC Global Inc.

2023-Q1 EPS reported -$0.01 revenue$184,341,000

Record sales of $184.3M (+33% YoY); GAAP net loss $(0.01) per diluted share; adjusted EPS of $0.32.
Arcadia sales $80.3M (+18% YoY); gross margin 27.5% (+330bps seq); adjusted EBITDA margin 13%.
DynaEnergetics sales $82.0M (+68% YoY); adjusted EBITDA margin 18%; $3.1M litigation expense in Q1.
NobelClad backlog reaches $60M (10-year high); expects ~10% sequential sales growth in Q2.
Q2 2023 guidance: consolidated sales $177M-$187M, adjusted EBITDA attributable to DMC $23M-$26M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DMC Global Inc. reported financial results for first quarter ended March 31, 2023.

Period: first quarter ended March 31, 2023
Result: reported results

Exact text from the filing

issued a press release announcing its financial results for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0000034067-23-000087

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