DMC Global Reports Third Quarter Financial Results

Core Insights - DMC Global Inc. reported a consolidated sales of $151.5 million for Q3 2025, reflecting a 1% decrease year-over-year and a 3% sequential decline [1][8] - Adjusted EBITDA attributable to DMC was $8.6 million, representing a 51% increase compared to the same period last year, but a 37% decrease sequentially [1][8] Financial Performance - Consolidated sales decreased to $151.5 million from $155.5 million in Q2 2025 and $152.4 million in Q3 2024 [10] - 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 [8][10] - Adjusted EBITDA attributable to DMC was $8.6 million, while total adjusted EBITDA, including non-controlling interest, was $12.0 million [8][10] Segment Performance Arcadia Products - Sales were $61.7 million, up 7% year-over-year but down 1% sequentially [2] - Adjusted EBITDA more than doubled to $5.1 million from $2.0 million in the year-ago quarter [2] - The business is stabilizing despite high interest rates affecting market activity [2] DynaEnergetics - Reported sales of $68.9 million, down 1% year-over-year and up 3% sequentially [3] - Adjusted EBITDA was $4.9 million, a significant increase from breakeven results in the year-ago quarter [3] - Margins were impacted by lower product pricing and higher costs due to tariffs [3] NobelClad - Sales were $20.9 million, down 16% year-over-year and down 21% sequentially [4] - Adjusted EBITDA was $2.1 million, down 64% compared to the same period last year [4] - The business received a $20 million order for an international petrochemical project, marking the largest order in its history [5] Guidance - For Q4 2025, sales are expected to range from $140 million to $150 million, with adjusted EBITDA anticipated between $5 million and $8 million [7] - Guidance reflects the impact of declining U.S. bookings and ongoing challenges in the North American market [7][9]