DMC Global Posts $172.8M in Q3 Sales, Topping Q2's $157M
BOOM sits 18% above its 52-week low of $4.69 on elevated volume (2.2× avg).
Summary
DMC Global reported third-quarter sales of $172.8M, up from the $157M it posted in Q2, and earnings per share of 59c. That is a meaningful step up for a company this size and comes after Q2 beat consensus on Arcadia Products strength while margins and cash flow weakened. For the fourth quarter, the company sees sales of $154M-$164M. Watch how the margin and cash-flow pressure flagged in the Q2 10-Q played out in Q3, and how the $187M put option obligation is addressed.
At the time of this announcement, BOOM was trading at $5.54 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $109.9M. The 52-week trading range was $4.69 to $9.20. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.