earnings
confidence high
sentiment negative
materiality 0.90
DMC Global Q3 net loss $159M on $141.7M goodwill impairment; guides Q4 sales $138-148M
DMC Global Inc.
2024-Q3 EPS reported
-$8.04
revenue$490,477,000
- Net loss $159.4M includes $141.7M non-cash goodwill impairment at Arcadia; diluted EPS $(8.27).
- Sales $152.4M, down 11% sequentially and YoY; adjusted EBITDA attributable $5.7M, down 71% sequentially.
- Arcadia sales $57.8M (-19% YoY); DynaEnergetics EBITDA $0.4M (-97% YoY) on weak well completions.
- NobelClad adjusted EBITDA margin 23.2%; backlog $59M vs $60.8M a year ago.
- Arcadia interim president Chris Scocos appointed; Q4 sales expected $138-148M, adj. EBITDA $5-8M.