BOOM
DMC Global Inc.6.18
-0.21-3.29%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Growth details amid reaffirmed weakness
Q&A expanded on scripted growth pursuits, with DynaEnergetics chasing enhanced geothermal via fracking tech overlap and ex-oilfield execs, plus international shale in Vaca Muerta and Saudi; NobelClad poised for naval readiness boost from doubled sub volumes in '27+. Arcadia's margin pressures mirror peers amid West Coast gloom, delayed LA rebuilds, and aluminum up another 10% QoQ. Dyna took $10M tariff hit last year; personnel cuts address potential secular issues. Tariffs crushed margins. No guidance shifts, Q1 stays pressured. Investors eye trough endurance.
Key Stats
Market Cap
127.25MP/E (TTM)
-Basic EPS (TTM)
-0.47Dividend Yield
0%Recent Filings
8-K
Execs get cash awards
DMC Global's Compensation Committee granted cash-based long-term incentive awards to executives including CEO James O'Leary and CFO Eric Walter on March 3, 2026, substituting for equity due to insufficient shares under the 2025 Omnibus Plan. Time-based awards vest one-third annually over three years; Grieves and Nobili also received performance awards tied to Adjusted EBITDA and Adjusted Free Cash Flow targets for their units, ranging 0-200%. Cash preserves equity runway.
10-K
FY2025 results
DMC Global's FY2025 net sales fell 5% y/y to $610M, with DynaEnergetics down 6% from pricing pressure in a competitive North American market and NobelClad off 11% amid tariff uncertainty, while Arcadia held steady at 40% of revenue. Gross margins slipped to 22.2% on lower overhead absorption and unfavorable NobelClad mix, yielding an operating loss of $0.1M versus $131M last year (goodwill-free). Q4 backlog built to $62.6M, up sequentially on a record chemical project. Net debt halved to $19M via ops cash; $52M debt at year-end. Elevated rates crimp construction; Arcadia eyes the $187M put/call on its 40% minority stake.
8-K
Q4 sales down, debt slashed
DMC Global reported Q4 sales of $143.5 million, down 6% year-over-year, with adjusted EBITDA at negative $1.6 million hit by $7 million DynaEnergetics write-offs and tariffs. Yet net debt plunged 67% to $18.7 million on $15.2 million operating cash flow. Balance sheet strengthened amid oilfield and construction woes. Q1 sales guidance: $132-138 million; EBITDA $2-4 million.
8-K
Q3 sales $151.5M, EBITDA jumps
DMC Global posted Q3 sales of $151.5M, down 1% year-over-year, with adjusted EBITDA attributable to DMC surging 51% to $8.6M despite tariff and energy headwinds. Net debt plunged 47% to $30.1M year-to-date. NobelClad snagged its record $25M order, shipping in 2026. Q4 sales guide $140M-$150M; EBITDA $5M-$8M. Tariffs crushed margins.
10-Q
Q3 FY2025 results
DMC Global posted Q3 sales of $151.5M, down 1% y/y yet edging up from Q2 (derived), with gross margin expanding to 21.7% from 19.8% on better Arcadia absorption and lower DynaEnergetics inventory charges—while NobelClad slipped 16% on tariff uncertainty. Operating income flipped to $0.6M from a $148.9M loss, sans last year's Arcadia goodwill hit; diluted EPS held at -$0.10 amid anti-dilutive shares. Cash climbed to $26.4M, FCF hit $27.4M (operating cash $38.3M minus $10.9M capex), and debt fell to $56.5M under 3.0x leverage covenants. NobelClad terminated legacy NobelClad agreements early. Tariffs shadow international bids.
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