DMC (US:BOOM)2025-11-04 21:08Financial Performance - Consolidated sales for Q3 2025 were $151.5 million, a 1% decrease year-over-year and a 3% sequential decline[4]. - Adjusted EBITDA attributable to DMC was $8.6 million, up 51% compared to Q3 2024, but down 37% sequentially[4]. - Arcadia Products reported sales of $61.7 million, a 7% increase year-over-year, with adjusted EBITDA more than doubling to $5.1 million[5]. - DynaEnergetics' sales were $68.9 million, down 1% year-over-year, with adjusted EBITDA of $4.9 million, reflecting a 46% sequential decline[6]. - NobelClad's sales were $20.9 million, down 16% year-over-year and down 21% sequentially, with adjusted EBITDA of $2.1 million, a 64% decrease from the previous year[7]. - The net loss attributable to DMC was $3.1 million, with an adjusted net loss of $1.6 million, or $(0.08) per diluted share[9]. - Year-to-date net sales for the nine months ended September 30, 2025, were $466.309 million, down 5% from $490.477 million in the same period of 2024[29]. - DMC Global Inc. reported net sales of $75.729 million for the nine months ended September 30, 2025, a 2% decrease year-on-year[36]. Profitability Metrics - Gross profit for Q3 2025 was $32.829 million, with a gross profit margin of 21.7%, down from 23.6% in Q2 2025[27]. - Operating income for Q3 2025 was $610, compared to a loss of $148.935 million in Q3 2024, marking a significant improvement[27]. - The company reported a gross profit margin of 23.8% for the nine months ended September 30, 2025, compared to 24.2% in the prior year[29]. - Operating income for the nine months ended September 30, 2025, was $11.020 million, a significant recovery from a loss of $130.562 million in the same period of 2024[29]. - DMC Global's gross profit for the same period was $19.898 million, down 21% year-on-year, with a gross profit percentage of 26.3%[36]. Cash Flow and Debt Management - Net debt was reduced to $30.1 million, down 47% from the beginning of the year[11]. - DMC Global Inc. reported a net cash provided by operating activities of $18.606 million for Q3 2025, an increase from $15.246 million in Q2 2025[40]. - DMC Global Inc. had cash and cash equivalents of $26.412 million at the end of Q3 2025, a 113% increase from $12.427 million at the end of Q2 2025[38]. Future Outlook - Q4 2025 sales are expected to range from $140 million to $150 million, with adjusted EBITDA anticipated between $5 million and $8 million[11]. - NobelClad's rolling 12-month bookings were $100.2 million, with a book-to-bill ratio of 0.96[15]. Segment Performance - DynaEnergetics reported net sales of $68.946 million for Q3 2025, a 3% increase sequentially but a 1% decrease year-on-year[33]. - Gross profit for DynaEnergetics was $9.976 million in Q3 2025, reflecting a 29% decrease sequentially and a 20% increase year-on-year, with a gross profit percentage of 14.5%[33]. - DynaEnergetics' adjusted EBITDA decreased by 46% sequentially to $4.867 million, but increased by 1,076% year-on-year[33]. - NobelClad's net sales for Q3 2025 were $20.925 million, down 21% sequentially and 16% year-on-year[34]. - NobelClad's gross profit fell to $5.208 million in Q3 2025, a 21% decrease sequentially and a 37% decrease year-on-year, with a gross profit percentage of 24.9%[34]. - DMC Global's operating income for the Arcadia segment in Q3 2025 was $2,585,000, a 401% increase sequentially and a 102% increase year-on-year[45]. - The DynaEnergetics segment reported an adjusted EBITDA of $4,867,000 for Q3 2025, a decrease of 46% sequentially but an increase of 1,076% year-on-year[46]. - NobelClad's adjusted EBITDA for Q3 2025 was $2,075,000, down 53% sequentially and 64% year-on-year[49]. Restructuring and Expenses - The company incurred restructuring expenses and asset impairments of $1,202,000 in Q3 2025, a 5% increase sequentially but a 42% decrease year-on-year[41]. - DMC Global Inc. experienced a 28% increase in general and administrative expenses to $4.119 million for the nine months ended September 30, 2025[36]. - The strategic review and related expenses for Q3 2025 were $303,000, down 61% sequentially and 83% year-on-year[41].