DMC Global Q1 sales down 9% to $166.9M; adjusted EPS $0.21 vs $0.32; NobelClad gets record $19M order

DMC Global Inc.

2024-Q1 EPS reported $0.01 revenue$166,869,000

Net income attributable to DMC $2.6M; adjusted net income $4.2M; adjusted diluted EPS $0.21 (vs $0.32 Q1 2023).
Sales $166.9M (-9% YoY); Arcadia -23%, DynaEnergetics -5%, NobelClad +22%.
NobelClad awarded record $19M petrochemical order after quarter close; majority shipments expected in 2025.
Free cash flow $10.5M, more than double prior-year Q1; leverage ratio reduced to 1.00x.
Q2 2024 guidance: sales $161-171M, adjusted EBITDA attributable to DMC $14-17M; strategic reviews for NobelClad and DynaEnergetics ongoing.

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 quarter ended March 31, 2024 results: EPS $0.01.

Period: quarter ended March 31, 2024
EPS: $0.01
Result: reported results

Exact text from the filing

• First quarter sales were $166.9 million, down 9% vs. Q1 2023 • Net income was $2.3 million, while net income attributable to DMC was $2.6 million • Adjusted net income attributable to DMC* was $4.2 million versus $6.1 million in Q1 2023 • Adjusted diluted EPS attributable to DMC* was $0.21 versus $0.32 in Q1 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DMC Global Inc. reported quarter ended March 31, 2024 results: EPS $0.01.

Period: quarter ended March 31, 2024
EPS: $0.01
Result: reported results

Exact text from the filing

Diluted net income (loss) per share attributable to DMC $ 0.01 $ 0.01 $ (0.01)

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DMC Global Inc. filing history →

Source: SEC EDGAR

accession 0000034067-24-000073

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