DMC Global Reports Fourth Quarter Financial Results

Core Insights - DMC Global Inc. reported better-than-expected financial results for Q4 2024, with sales of $152.4 million exceeding the forecast range of $138 million to $148 million, and adjusted EBITDA of $10.4 million surpassing guidance of $5 million to $8 million [1][10][8] Financial Performance - Q4 2024 sales were $152.4 million, flat sequentially and down 12% year-over-year from $174 million in Q4 2023 [10][28] - Adjusted net income attributable to DMC was $1.8 million, or $0.09 per diluted share, compared to a loss of $9.6 million in the previous quarter [10][28] - Total net loss for Q4 2024 was $1.2 million, a significant improvement from a loss of $159.4 million in Q3 2024 [10][28] Segment Performance Arcadia - Arcadia's sales increased 4% sequentially to $60.3 million but decreased 11% year-over-year due to weak demand in the luxury home market [2][12] - Adjusted EBITDA for Arcadia was $2.2 million, down 59% year-over-year [12][36] DynaEnergetics - DynaEnergetics experienced a 9% sequential decline in sales to $63.7 million and a 15% year-over-year decline, primarily due to lower pricing in North America [4][14] - Adjusted EBITDA for DynaEnergetics was $5.1 million, a significant increase from the previous quarter [14][38] NobelClad - NobelClad reported a 14% sequential increase in sales to $28.4 million, but an 8% decline year-over-year [6][40] - The order backlog at the end of Q4 was $49 million, down from $59 million at the end of Q3 [6][40] Future Guidance - For Q1 2025, DMC expects sales in the range of $146 million to $154 million and adjusted EBITDA between $8 million and $11 million [8][24] - The company is focused on margin expansion, EBITDA growth, and debt reduction, with plans to explore refinancing opportunities [7][24]