DMC Global Q3 sales $172M (-1% YoY), net income $11.5M, adj. EPS $0.50, Q4 guidance $170-180M

DMC Global Inc.

2023-Q3 EPS reported $1.07 revenue$545,152,000

Q3 adjusted net income $9.9M (+47% YoY); adjusted diluted EPS $0.50 (+43%); free cash flow $21.9M.
Arcadia sales $71.5M (-11% YoY), margin 18.8% (up from 15.0%); DynaEnergetics sales $73.0M (+4% YoY, -14% seq.), margin 17.2%.
NobelClad sales $27.7M (+18% YoY), margin 23.1% (up from 14.6%); backlog $61M, book-to-bill 1.1.
Q4 guidance: consolidated sales $170-180M; adj. EBITDA attributable to DMC $20-24M; gross margin 28-30%.
DynaEnergetics restructuring: $1M charge in Q4, expected ~$3M annualized savings; balance sheet leverage 1.26x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DMC Global Inc. reported third quarter ended September 30, 2023 results: revenue $172.1 million, net income $11.5 million.

Period: third quarter ended September 30, 2023
Revenue: $172.1 million
Net income: $11.5 million
Result: reported results

Exact text from the filing

--- FOR IMMEDIATE RELEASE: CONTACT: Geoff High, Vice President of Investor Relations 303-604-3924 DMC GLOBAL REPORTS THIRD QUARTER FINANCIAL RESULTS • Third quarter sales were $172.1 million, down 1% vs. Q3 2022 • Net income was $11.5 million, while net income attributable to DMC was $8.9 million • Adjusted net income attributable to DMC* was $9.9 million, up 47%

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Source: SEC EDGAR

accession 0000034067-23-000156

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