DMC (US:BOOM)2025-05-01 20:06Sales Performance - First quarter sales were $159.3 million, representing a 5% sequential increase but a 5% decline compared to Q1 2024[9]. - Arcadia's sales reached $65.6 million, a 9% sequential increase and a 6% increase compared to the same quarter last year[4]. - DynaEnergetics reported sales of $65.6 million, a 3% sequential increase but a 16% decline year-on-year due to pricing adjustments and lower unit sales[5]. - NobelClad's sales were flat sequentially at $28.2 million, with a 5% increase compared to the previous year's first quarter[7]. - DynaEnergetics segment net sales were $65,551,000, a 3% increase sequentially but a 16% decrease year-on-year[31]. - NobelClad segment net sales were $28,159,000, a 1% decrease sequentially but a 5% increase year-on-year[33]. Financial Metrics - Adjusted EBITDA attributable to DMC was $14.4 million, up 39% sequentially but down 14% year-on-year[12]. - The gross profit percentage for the first quarter improved to 25.9%, up from 20.8% in the previous quarter[12]. - Gross profit increased by 30% sequentially to $41,199,000, while year-on-year it decreased by 3%[28]. - Operating income for Q1 2025 was $6,513,000, a significant improvement from a loss of $696,000 in Q4 2024, but a 3% decrease compared to Q1 2024[28]. - Net income attributable to DMC Global Inc. stockholders was $677,000, a 129% increase sequentially but a 74% decrease year-on-year[28]. - Adjusted EBITDA for the Arcadia segment was $9,327,000, a 150% increase sequentially and a 58% increase year-on-year[30]. - Adjusted EBITDA for the same period was $18,122,000, a 53% increase from $11,876,000 in the previous quarter, but a 5% decrease year-on-year[38]. - DynaEnergetics reported adjusted EBITDA of $7,379,000 for the three months ended March 31, 2025, a 45% increase from $5,098,000 in the previous quarter[41]. - NobelClad's operating income for the same period was $4,622,000, down 8% from $5,050,000 in the previous quarter[42]. Cash Flow and Assets - Total current assets increased by 3% to $296,909,000 compared to the end of Q4 2024[35]. - Cash and cash equivalents rose by 3% to $14,705,000 from $14,289,000 at the end of Q4 2024[35]. - Cash flows from operating activities provided $4,488,000, a decrease from $11,811,000 in the previous quarter[37]. - The cash and cash equivalents at the end of the period were $14,705,000, an increase from $14,289,000 at the beginning of the period[37]. Guidance and Future Outlook - Second quarter sales guidance is projected to be between $149 million and $157 million, with adjusted EBITDA expected in the range of $10 million to $13 million[11]. - Arcadia's results are anticipated to be below the prior year's second quarter due to decreased demand in the luxury residential market[11]. Operational Initiatives - DynaEnergetics completed a major automation initiative aimed at increasing production capacity and streamlining operations[6]. - The company experienced a 150% sequential increase in adjusted EBITDA attributable to DMC Global Inc. from $2,243,000 to $5,596,000 in the Arcadia segment[40]. - Strategic review and related expenses for the three months ended March 31, 2025, amounted to $1,298,000, down 28% from $1,813,000 in the previous quarter[38].