Sales Performance - NobelClad reported fourth quarter sales of $30.8 million, a 33% increase year-over-year, with adjusted EBITDA margins rising to 24.7% from 14.8% in Q4 2022[2]. - DMC Global's net sales for Q4 2023 were $174.036 million, a 1% sequential decrease and a 1% year-over-year decrease[4]. - DynaEnergetics achieved net sales of $30.772 million in Q4 2023, an 11% sequential increase and a 33% year-over-year increase[6]. - Arcadia's fourth quarter sales were $68.0 million, down 9% from Q4 2022, but adjusted EBITDA margin improved to 13.6% from 9.6%[20]. - Fourth quarter 2023 net sales were $67.958 million, a sequential decrease of 5% and a year-on-year decrease of 9%[23]. - Full-year 2023 net sales reached $719.188 million, representing a 10% year-on-year increase from $654.086 million[25]. - DynaEnergetics reported Q4 2023 sales of $75.3 million, down 3% year-on-year but up 3% sequentially[60]. - Net sales for the twelve months ended December 31, 2023, were $315,026 million, reflecting a year-on-year increase of 19%[74]. Income and Profitability - Adjusted net income attributable to DMC was $5.179 million, down 47% sequentially and up 22% year-over-year[4]. - Adjusted EBITDA attributable to DMC for Q4 2023 was $19.589 million, a 20% decrease sequentially[4]. - The gross profit percentage for DMC Global was 26.1% in Q4 2023, down from 30.6% in Q3 2023[4]. - DMC Global's diluted net income per share attributable to DMC was $0.01, a 97% decrease sequentially and a 98% decrease year-over-year[4]. - Adjusted EBITDA attributable to DMC for Q4 2023 was $5.533 million, down 31% sequentially and up 29% year-on-year[23]. - Adjusted net income attributable to DMC for the full year 2023 was $35.316 million, a 162% increase from $13.475 million in 2022[25]. - Operating income decreased by 48% sequentially to $9,258 million, and by 12% year-on-year[71]. - Net income attributable to DMC Global Inc. stockholders for the three months ended December 31, 2023, was $2,764 million, a 69% decrease sequentially[71]. - The gross profit for the twelve months was $212,052 million, with a gross profit percentage of 29.5%, up from 28.4% year-on-year[72]. - Operating income for the twelve months increased by 104% year-on-year to $61,177 million[72]. - Net income attributable to DMC Global Inc. stockholders for the twelve months was $26,259 million, a 114% increase year-on-year[72]. - Basic and diluted net income per share for the twelve months was $1.08, reflecting a 50% increase year-on-year[72]. - Adjusted EBITDA for the twelve months was $56,270 million, a 20% increase compared to the previous year[74]. - Net income for the twelve months ended December 31, 2023, was $34,759 million, a 151% increase compared to $13,833 million in the previous year[77]. - Adjusted EBITDA for the same period was $115,908 million, reflecting a 25% year-on-year growth from $92,967 million[77]. - Operating income reported was $21,407 million, a significant increase of 440% from $3,962 million year-on-year[81]. Expenses and Liabilities - Restructuring expenses for the three months ended December 31, 2023, were $3,251 million, a significant increase of 531% sequentially and 2,420% year-on-year[71]. - General and administrative expenses decreased by 19% year-on-year to $15,806 million[74]. - The company experienced a 54% rise in net interest expense, totaling $9,516 million compared to $6,187 million in the previous year[77]. - The company incurred CEO transition expenses of $4,343 million, marking a new expense category for the year[77]. - Restructuring expenses and asset impairments were reported at $3,011 million for the twelve months ended December 31, 2023, indicating a 100% increase from the previous year[88]. Cash Flow and Assets - Cash flows from operating activities amounted to $23,179 million, slightly down from $24,204 million in the previous year[76]. - The company reported a net cash used in investing activities of $13,130 million, an increase from $7,435 million in the previous year[76]. - Cash and cash equivalents increased to $31,040 million, up 11% sequentially and 23% year-on-year[75]. - Total current assets as of December 31, 2023, were $326,812 million, a decrease of 3% from the previous quarter but an increase of 14% year-on-year[75]. - The cash and cash equivalents at the end of the period were $31,040 million, up from $28,060 million at the beginning of the period[76]. Strategic Initiatives - DMC Global is exploring strategic alternatives for NobelClad and DynaEnergetics to maximize long-term growth opportunities[3]. - The company anticipates strong demand for the new Gravity 2.0 self-orienting perforating system in 2024, contributing to margin improvements[21]. - DMC's new $300 million senior secured credit facility enhances financial flexibility and supports growth programs[42]. - Full-year 2024 sales guidance for DMC is projected between $168 million and $178 million[45].

The upcoming report from DMC Global (BOOM) is expected to reveal quarterly earnings of $0.34 per share, indicating an increase of 54.6% compared to the year-ago period. Analysts forecast revenues of $172.13 million, representing a decrease of 1.7% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it i ...

BROOMFIELD, Colo., Feb. 07, 2024 (GLOBE NEWSWIRE) -- DMC Global Inc. (NASDAQ:BOOM) today announced it has closed a $300 million, five-year senior secured credit facility consisting of a $200 million revolving credit facility, a $50 million term loan and a $50 million delayed draw term loan. The facility replaces DMC's prior $200 million credit facility. "This new credit agreement strengthens our balance sheet and improves our near-term financial flexibility as we pursue strategic alternatives for our DynaEn ...

BROOMFIELD, Colo., Jan. 29, 2024 (GLOBE NEWSWIRE) -- DMC Global Inc. (NASDAQ:BOOM) today announced its board of directors ("the Board") has initiated a review of strategic alternatives for its DynaEnergetics and NobelClad businesses. The strategic review process formalizes DMC's ongoing efforts over the past several months to consider opportunities for unlocking shareholder value. The Board has retained a financial advisor and may retain other advisors to assist the Board in evaluating DMC's current strateg ...

Financial Data and Key Metrics Changes - Consolidated sales for the third quarter were $172 million, flat compared to the previous year, and below prior forecasts [84] - Adjusted net income attributable to DMC was $10 million, with adjusted EPS of $0.50, up over 40% year-over-year [73] - Consolidated adjusted EBITDA was $25 million, or 14.3% of sales, which was within the forecasted range despite lower-than-expected sales [86] - Free cash flow for the quarter was $22 million, the highest quarterly level since 2019, up from $17 million in the same quarter last year [111] Business Line Data and Key Metrics Changes - Arcadia's sales were $72 million, down 11% year-over-year, impacted by pricing pressure and operational slowdown due to ERP transition [3] - NobelClad's sales improved 18% to $28 million, driven by strong demand for pressure vessel plates and specialized transition joints [4] - Dyna reported sales of $73 million, up 4% year-over-year but down 14% sequentially, affected by customer project delays [76] Market Data and Key Metrics Changes - The North American oil and gas market is expected to see continued consolidation, focusing on safety, technology, and efficiency [87] - Dyna anticipates maintaining its market share in North America, although overall activity levels are expected to remain soft due to year-end seasonality [31] Company Strategy and Development Direction - The company aims to position each business to deliver adjusted EBITDA margins of 20% or greater, with ongoing operational enhancements and investments [106] - Arcadia is implementing additional paint capacity and a new ERP system to drive long-term improvements in sales and profitability [72] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strengths of their differentiated manufacturing businesses and prospects for profitable long-term growth [6] - The company expects a stable pricing environment going into 2024, with initiatives in place to drive margins [40][42] Other Important Information - Consolidated gross margin for the third quarter was 30.6%, up 110 basis points from the previous year, due to a favorable project mix at NobelClad [77] - SG&A expenses for the third quarter were $29 million, down from 17.5% to 16.7% of sales, primarily due to lower litigation expenses at Dyna [109] Q&A Session Summary Question: How does the commercial interior business compare with other businesses? - Management noted that the commercial interior business is currently experiencing a slowdown, while other segments are performing better [13][34] Question: What are the expectations for pricing and margins in Dyna and Arcadia going into 2024? - Management indicated that they expect pricing to stabilize and are implementing initiatives to drive margins, focusing on EBITDA margins rather than gross margins [40][42] Question: Can you elaborate on capital allocation and free cash flow expectations? - The company plans to continue deleveraging while reinvesting in the business, with expectations for strong free cash flow generation going forward [46][57] Question: What impact is the new ERP system expected to have? - The ERP system is expected to improve controls and visibility into data, enhancing inventory management rather than directly adding capacity [48][49] Question: How is the customer mix evolving? - Management noted a shift from a heavier private customer mix to a more balanced approach, aligning with leading end users and service companies [51][62]

• Adjusted EBITDA attributable to DMC up 13% Y-O-Y • Total adjusted EBITDA of $30.0 million up 13% Y-O-Y • Consolidated adjusted EBITDA margin of 17.4% 2023 Third Quarter Earnings Presentation 5 THIRD QUARTER 2023 BUSINESS-LEVEL FINANCIAL PERFORMANCE $81 $79 $72 $0 $5 0 $1 00 Q3 22 Q2 23 Q3 23 Sales $ In Millions Arcadia DynaEnergetics NobelClad USE OF NON-GAAP FINANCIAL MEASURES & SAFE HARBOR LANGUAGE *Use of Non-GAAP Financial Measures Adjusted net income (loss), adjusted EBITDA and net debt are non-GAAP ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol Name of exchange on which registered Common Stock, $0.05 Par Value BOOM The Nasdaq Global Select Market (Mark One) For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 Commission file number 001-14775 (303) 665-5700 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant has submitted ele ...

DMC Global Inc. (NASDAQ:BOOM) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Geoff High - Vice President, Investor Relations Kevin Longe - President and CEO Mike Kuta - Chief Financial Officer Conference Call Participants Cameron Lochridge - Stephens Stephen Gengaro - Stifel Gerry Sweeney - ROTH Capital Jim Brilliant - Century Management Operator Good day, ladies and gentlemen. And welcome to the DMC Global Second Quarter Earnings Call. At this time, all participants have be ...

In connection with the vesting of Company restricted common stock under our equity incentive plans or distributions of shares of common stock pursuant to our Amended and Restated Non-Qualified Deferred Compensation Plan ("deferred compensation plan") during the second quarter of 2023, we retained shares of common stock in satisfaction of withholding tax obligations. We also retained shares of common stock as the result of participants' diversification of equity awards held in the deferred compensation plan ...

Financial Data and Key Metrics Changes - DMC reported record consolidated first quarter sales of $184 million, up 5% sequentially and 33% year-over-year [29] - Consolidated adjusted net income attributable to DMC was $6 million or $0.32 per diluted share, compared to a loss of $3 million or negative $0.16 per diluted share in the prior year [17] - Free cash flow for the first quarter was $5 million, an improvement from negative $6 million in the first quarter of 2022 [17] - Consolidated gross margin was 28%, up 250 basis points from the fourth quarter and improved 170 basis points year-over-year [29] - Adjusted EBITDA attributable to DMC was $20 million, up 3% sequentially and over 90% year-over-year [52] Business Line Data and Key Metrics Changes - Arcadia reported first quarter sales of $80 million, up 8% sequentially and 18% year-over-year, marking the second-best quarterly performance in its history [36] - DynaEnergetics achieved first quarter sales of $82 million, up 6% sequentially and 68% year-over-year, with record unit sales of DynaStage perforating systems [49] - NobelClad reported first quarter sales of $22 million, down 5% sequentially but flat year-over-year, with a book-to-bill ratio of 1.2 and an order backlog of $60 million [28] Market Data and Key Metrics Changes - Strong demand was noted in industrial construction, medical, education, and hospitality sectors, with steady activity in the high-end residential market [27] - International demand at Dyna accounted for approximately 13% of first quarter sales, indicating healthy global activity [37] Company Strategy and Development Direction - The company is focused on improving operating efficiencies, advancing technology, and investing in initiatives that deliver strong returns [38] - DMC plans to enhance manufacturing capabilities and increase painting capacity at Arcadia by the end of the year [27] - The implementation of an ERP system is expected to provide better visibility around data and improve operational efficiencies [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's financial strength and a clear path towards lower SG&A expenses and improved free cash flow [35] - The expectation for second quarter consolidated sales is in the range of $177 million to $187 million, with Arcadia projected to report sales between $75 million and $80 million [30] - Management anticipates that quarterly litigation costs will decline significantly for the remainder of the year [37] Other Important Information - The company ended the first quarter with cash of $20 million and available capacity under a revolving loan of $50 million [17] - SG&A expenses for the first quarter were $39 million, including $3 million in litigation expenses and $6 million in CEO transition costs [50] Q&A Session Summary Question: What is driving the expectation of the ramp in the second half? - Management noted that frac spreads are expected to ramp back up in the third and fourth quarters, despite flatness in Q2 [58] Question: Can you discuss current pricing trends in the perforating business? - Pricing is currently stable and flat, with expectations for margins to step up throughout the year due to process improvements [65] Question: How is the work-from-home trend impacting demand in key end markets? - The company sees more opportunities in commercial interiors as businesses downsize their offices, presenting an upside opportunity [67] Question: What are the expectations for price in Q2? - There is a slight negative price mix impact expected in Q2, with pricing from Q4 to Q1 being relatively flat [72] Question: Are supply chains and lead times improving? - Supply chains and lead times have eased, but there is not a significant impact on inventory levels in the quick turn smaller project business [82]