NEW YORK, Dec. 12, 2024 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against DMC Global Inc. ("DMC Global" or "the Company") (NASDAQ: BOOM) and certain of its officers.Class DefinitionThis lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired DMC Global secur ...

LOS ANGELES, Dec. 11, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against DMC Global Inc. ("DMC Global" or "the Company") (NASDAQ: BOOM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between May 3, 2024 and November 4, 2024, inclusive (the "Class Period"), are ...

SAN DIEGO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP, a nationally recognized shareholder rights law firm, is currently investigating potential violations of federal securities laws by DMC Global Inc. (NASDAQ: BOOM) and certain of its executive officers. The investigation particularly focuses on whether there were misrepresentations or failures to timely disclose material, adverse information to investors, which could have influenced their decisions and subsequently led to investment losses. htt ...

Financial Data and Key Metrics Changes - DMC's third quarter sales were $152.4 million, down 11% from both the second quarter and last year's third quarter [9] - Adjusted EBITDA attributable to DMC was $5.7 million, approximately 4% of sales, reflecting about $5 million in bad debt and inventory charges [9] - Third quarter adjusted net loss attributable to DMC was $9.6 million, with adjusted EPS of negative $0.49 [17] - Cash and cash equivalents at the end of the third quarter were approximately $15 million, with total debt around $74 million [17] - The debt to adjusted EBITDA leverage ratio was 1.18, well below the covenant threshold of 3.0 [17] Business Line Data and Key Metrics Changes - Arcadia reported third quarter sales of $57.8 million, down 17% sequentially and down 19% year over year, with an adjusted EBITDA margin of 5.8%, down from 17.8% in the second quarter [10] - DynaEnergetics reported third quarter sales of $69.7 million, down 9% sequentially and down 5% year over year, with adjusted EBITDA roughly breakeven and an adjusted EBITDA margin just under 1% [13] - NobelClad's sales were $24.9 million, flat versus the second quarter and down 10% year over year, with an adjusted EBITDA margin improving to 23.2% [15] Market Data and Key Metrics Changes - Persistently high interest rates negatively affected sales in Arcadia's high-end luxury home market and slowed commercial construction activity [11] - U.S. onshore well completions were down 6% sequentially and off 13% versus the third quarter last year [14] Company Strategy and Development Direction - The company concluded a strategic review process for DynaEnergetics and NobelClad, deciding not to sell excellent businesses for less than their worth [8] - The focus is on improving operational efficiency and addressing supply chain disruptions, particularly in Arcadia [12][36] - The company is implementing margin improvement initiatives and automating assembly operations in DynaEnergetics [14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that market conditions have significantly impacted performance, particularly in DynaEnergetics and Arcadia [24] - The company is taking ownership of its challenges, including the goodwill write-off of $142 million, and is committed to improving operations and shareholder value [52] - Future guidance for consolidated sales is expected to be in the range of $138 million to $148 million for the fourth quarter, reflecting challenging market conditions [19] Other Important Information - The company is reviewing certain product lines in Arcadia that have not consistently met profitability targets [12] - The next generation version of Dyna's flagship DynaStage system is expected to enhance margins beginning in early 2025 [14] Q&A Session Summary Question: How much of the leadership changes are related to performance versus market conditions? - Management indicated that both market conditions and leadership issues contributed to the changes, with significant market challenges affecting DynaEnergetics [23][24] Question: What is the outlook for the fourth quarter regarding business segments? - Management noted that Arcadia is the wild card, with high-end residential markets being impacted by interest rates, while DynaEnergetics is following general market trends [28][30] Question: What specific initiatives are being implemented to improve operations at Arcadia? - Management discussed initiatives related to supply chain and sourcing, as well as improvements in finishing operations to enhance lead times and delivery [36] Question: How much of the headwind is from high-end residential weakness versus operational issues? - Management suggested that absorption issues in high-margin products significantly impacted EBITDA and gross margin, particularly in high-end residential [37][39] Question: What is the status of the ERP implementation at Arcadia? - Management clarified that while an ERP system is in place, there are ongoing efforts to enhance its effectiveness and hold people accountable [48]

DMC Global (BOOM) reported $152.43 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 11.5%. EPS of -$0.49 for the same period compares to $0.50 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $152 million, representing a surprise of +0.28%. The company delivered an EPS surprise of -444.44%, with the consensus EPS estimate being -$0.09.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

DMC Global (BOOM) came out with a quarterly loss of $0.49 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -444.44%. A quarter ago, it was expected that this diversified holding company would post earnings of $0.13 per share when it actually produced earnings of $0.29, delivering a surprise of 123.08%.Over the last four quarters ...

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 Stock Purchase Rights The Nasdaq Global Select Market Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 FOR ...

Board Changes and Appointments - David Aldous resigned as Chairman of the Board and as a member of the Board on October 16, 2024, with no disagreements cited[3] - Peter Rose announced his retirement from the Board, effective after the 2025 Annual Meeting of Stockholders, with no disagreements cited[4] - James O'Leary was appointed as Executive Chairman of the Board, and Ouma Sananikone as Lead Independent Director, effective October 16, 2024[4] - The Board size was reduced from eight to seven directors, effective October 16, 2024[4] - The Board reconstituted its standing committees, including Audit, Compensation, Corporate Governance and Nominating, and Risk Committees[4] Revised Financial Guidance - DMC Global Inc. revised its guidance for the quarter ended September 30, 2024, as announced on October 21, 2024[3] - The press release detailing the revised guidance is attached as Exhibit 99.1[3][6]

DMC Global (BOOM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on November 4, 2024, might help the stock move higher if these key numbers are better than ...

The Zacks Industrial Services industry has been bearing the brunt of the prolonged contraction in the manufacturing sector as customers remain cautious about spending. Flared-up input costs have added to the woes. Despite this current setback, the rise in e-commerce activities will be a key catalyst for the industry. Companies like W.W. Grainger, Inc. (GWW) , Global Industrial Company (GIC) and DMC Global (BOOM) are positioned for growth by leveraging strategies to capitalize on this demand. The companies h ...